Categories: CleanTech BitesSolar

How Victoria could go solar, save millions and boost jobs

The Clean Energy Council has issued a new report highlighting how easy it would be for the Victoria state government to tweak current policy settings, and use solar and energy efficiency to save costs, boost jobs – and provide cleaner energy.

The report – Quick clean energy jobs for Victoria – is being released ahead of the Victoria state election. It includes five clean energy ideas to create hundreds of jobs at no additional cost to consumers. Instead, it could reduce state spending.

The focus is on solar technologies and energy efficiency. The CEC says that the cost of the proportional discount given to low income households on their power bills could be reduced if their hot water systems were replaced with solar hot water systems.

“Bringing forward budgeted payments to fund solar hot water systems could create new jobs, lock in savings to state budget by tens of millions of dollars and help households to reduce their power bills – all while increasing clean energy use across the state,” the report says.

It puts the savings of this initiative alone at more than $100 million over 10 years – compared to the cumulative cost to budget of a business-as- usual approach to hot water systems of $76 million by 2022 – while creating 160 new jobs.

The report also suggests cutting red tape for commercial solar projects – red tape which it says has made Victoria the “least attractive place” in Australia to invest in innovative financing models for commercial solar – and allowing for ‘three-way contracts’ to help renters or low-income home owners to lease rather than buy a solar power system.

It points out  that because of the dramatic reduction in the price of solar panels over the last few years, a home solar system is now affordable for households on lower incomes. The suburbs with the greatest concentration of solar households are the places where the average household is on a low or fixed income, such as Hoppers Crossing and Tarneit.

But the price of solar was only one of the barriers limiting uptake of the technology, and so the reduction in prices hasn’t made solar available to everyone. Aside from cost, the other main barrier to solar is a lack of legal right to install a system (for renters or public housing).

That barrier, the CEC, has created unmet demand for solar. Action from the Victorian Government to help remove those barriers could create a wave of new investment in solar over a short period of time, creating new jobs across the state.

And it recommends the state government revisit insulation in low-income and rural households in Victoria.

“All the negative media coverage around the Federal Government’s home insulation program has scared off policymakers from going anywhere near it, but the reality is that those issues can be sensibly addressed and insulation is another area that represents a massive opportunity for Victoria,” CEC acting CEO Kane Thornton said in a statement on Wednesday.

“By making insulation eligible under the Victorian Energy Efficiency Target, extending the target and introducing an accreditation and training scheme, there is the potential to deliver jobs for tradespeople while helping households to save on their heating and power bills.”

Share

Recent Posts

VicGrid seeks green tick for transmission line to connect Australia’s first offshore wind farms

Victoria is seeking federal environmental approval for a transmission project that will be crucial to…

8 October 2024

First units installed at Australia’s first 2 GWh big battery project

The first battery containers have been installed in what will likely be the country's first…

8 October 2024

A smart community battery in right location could earn $250,000 a year, report says

GridBeyond says community batteries offer a range of benefits over home batteries and – with…

8 October 2024

Climate tech fund raises another $100m for electrification, grid and circular economy

First round of a second climate tech fund has closed with some big-name investors and…

8 October 2024

Rooftop PV takes biggest bite yet out of coal as fossil fuels and grid demand hit new lows

New records over the long weekend underline the fundamental change happening in Australia's energy mix,…

8 October 2024

Australia commits $9 million to help Pacific neighbours meet climate targets

Australia will tip $9 million into the Regional Pacific Nationally Determined Contribution (NDC) Hub in…

8 October 2024