Renters Stand to Save Big with Solar Revolution
A groundbreaking report by Solar Citizens reveals that Australian households could collectively save a staggering $9.3 billion annually on energy bills by embracing the untapped solar potential of residential rooftops. This move could also translate to individual savings of $1390 per year, marking a significant stride towards a sustainable future.
Untapped Solar Treasure
While 3.68 million Australian homes have already embraced solar panels, millions more are yet to harness this renewable energy source. The study identifies a whopping 45.8 gigawatts of “untapped photovoltaic potential” on residential rooftops, especially in social housing, apartment complexes, and rental properties.
A Call for National Action
Lead researcher Mike Roberts emphasizes the need for targeted national investments to ensure equitable access to solar energy. The study underscores the potential for over three gigawatts of power in apartments, two gigawatts in social housing, and a staggering 12 gigawatts in rental properties, offering viable solutions for energy inclusion.
Economic and Environmental Implications
The report proposes a national initiative to equip 5.7 million homes without solar panels, projecting a cost of $9.8 billion annually for five years. However, this investment is expected to yield significant returns, with energy savings outweighing costs within a mere 5.3 years. Over 20 years, Australian households could collectively save $9.3 billion annually, with potential savings of up to $1560 per household each year.
Addressing Barriers and Promoting Solar Adoption
Joel Pringle, Solar Citizens’ national campaigns director, underscores the importance of overcoming barriers to solar adoption, particularly for renters and apartment dwellers. He advocates for incentives, rebates, and minimum rental standards to incentivize private landlords to embrace solar technology, emphasizing the upcoming budget as a critical juncture for federal support in this endeavor.
As Australia charts its course towards a sustainable energy future, initiatives like the Solar SunShot program and proposed clean energy support measures signal a promising trajectory. With concerted efforts, Australia can unleash its solar potential, driving economic savings, environmental benefits, and energy equity for all.
Source:perthnow.com.au