NSW tips $290m into energy saving shake up

The NSW government is rolling out a $290m scheme to lower energy use in households.

The scheme has 50 prongs to it and includes rebates on energy saving tech, ratings so renters and buyers can know how energy efficient their new homes are, and a target of one million houses and small businesses having solar and a battery by 2035.

Premier Chris Minns says the strategy will make it easier for households and businesses to reduce emissions and get cost-saving solar, batteries and heat pumps.

“There are many houses across the state that are too hot in summer, too cold in winter, and as a result, energy prices and costs for the household skyrocket,” Mr Minns said.

Announced on Monday, the bulk of the scheme – $238.9m – will go to incentives and rebates for eligible households to upgrade or install energy-saving technology. The program has not been designed yet though, but the government says it will be ready to go by the end of 2025.

The number of electrical safety inspectors will be increased as the state sets a target of one million households and businesses having panels on the roof and a battery hooked up by 2035.

From 2025, the government will bring in home energy ratings so renters and buyers have more information about the cost of heating and cooling their homes.

The state government already has $435m set aside for energy bill rebates and debt relief this year. Further, the state has spent $200m on public EV charging stations and $175m on energy savings in 24,000 social housing homes.

Energy Minister Penny Sharpe said this latest scheme would speed up the energy transition.

“We want to make it as easy as possible for residents and small businesses to benefit from the energy transition, creating a more sustainable and affordable energy future for all,” she said.

“By prioritising accessibility and equity, we are empowering households and small businesses to upgrade their homes and businesses. This will not only lower energy bills but also benefit our environment.”