The Rudd Government will install free ceiling insulation in around 2.7 million Australian homes.
In addition, under the Energy Efficient Homes investment, the Solar Hot Water Rebate will be increased from $1,000 to $1,600 and the Low Emissions Plan for Renters rebate will increase from $500 to $1,000.
The Energy Efficient Homes investment will:
- install ceiling insulation in around 2.7 million Australian homes
- reduce greenhouse gas emissions by around 49.4 million tonnes by 2020, the equivalent of taking more than 1 million cars off the road
Although all newly-built homes must be insulated, many older homes — up to 40 per cent of Australia’s housing stock — remain uninsulated. Once installed, households could save around $200 per year on their energy bills, as well as improve the comfort and value of their homes.
The Government estimates 2.2 million owner-occupied home will benefit from this program.
To help renting households lower their emissions and save money on energy bills, the Government will also double the rebate available under the Low Emissions Plan for Renters for landlords to install insulation in their rental properties — from $500 to up to $1,000 — from today until 30 June 2011.
The Government estimates 500,000 rented homes will benefit from this program.
The Energy Efficient Homes investment also increases the Government’s Solar Hot Water Rebate from $1,000 to $1,600 from today until 30 June 2012. This rebate will not be means-tested.
