Renters could save $20bn on bills in a decade from rooftop solar and appliance upgrades – if landlords act
Summary
Many renters in Australia miss out on energy upgrades like insulation and rooftop solar because landlords lack financial incentives to make these improvements. Experts say such upgrades could save renters $20 billion over the next decade and reduce overall energy demand, but new rules are needed to encourage landlords to act.Key Facts
- Renters make up about one-third of Australian households.
- Landlords are usually responsible for energy upgrades but don’t benefit from lower energy bills.
- Only 11% of renters have solar panels, compared to 44% of homeowners.
- Energy upgrades like insulation, efficient appliances, and rooftop solar can halve energy bills.
- These upgrades could save renters $20 billion in 10 years and $107 billion by 2050.
- Victoria will start enforcing minimum energy efficiency standards for rentals in March next year.
- Experts recommend nationwide rules to replace old gas or electric appliances with efficient electric ones.
- Tenants can also cut energy costs by using reverse cycle air conditioning, better shower heads, and draft-proofing their homes.
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