The latest federal government budget has announced new measures that will encourage home and small business owners to make energy-efficient upgrades to their premises which will save them money long term.
Curran and Electrical have been installing, upgrading and repairing energy-efficient features for many years. With the latest federal budget focus on retro-fitting existing homes with green technology, it’s an ideal time to plan some eco-upgrades.
The new measures will help the Australian environment, and property owners who occupy their residential or business premises or are landlords. Their upgrades could also help the tenants who pay the energy bills.
Budget incentives
The budget acknowledges that more affordable energy bills are critical to improving the lives of individual Australians. It also notes that Australian homes are largely energy inefficient. On a global scale Australian homes perform poorly when it comes to energy use, with Australian ranking 58 out of 63 countries on energy use per capita
What does this mean to me?
The new budget emphasis on helping improve the energy efficiency of existing homes, not just new builds, should make it easier for property owners to finance eco-friendly electrical and plumbing upgrades.
Among other energy measures that will help save money, including bill relief, the budget features a Tax Deduction for Energy Upgrades.
Home owners can benefit from loans through the Clean Energy Finance Corporation (CEFC) partnership with banks and other lenders on upgrading homes with battery-ready solar PV, modern appliances and other improvements.
An expansion of the Nationwide House Energy Rating Scheme to existing homes will also help people purchasing or renovating – or renting – to obtain a star rating of the home’s energy performance.
Small businesses with a turnover less than $50 million will be eligible for an energy incentive that encourages heating and cooling upgrades. The Small Business Energy Incentive offers a bonus 20 per cent deduction on total eligible spending that supports electrification and more efficient use of energy (from 1 July 2023 to 30 June 2024).
Cut costs with electrical and plumbing energy saving upgrades
Curran and Electrical can help you plan upgrades that will improve your property’s energy efficiency and in the long term save money on your energy bills. Take advantage of the federal government incentives and potentially combine them with state or local government rebates.
Save energy and money with Curran by:
- Switching your premises to solar energy battery systems
- Recommending, supplying and installing new lighting systems – such as LED lights.
- Upgrading the water heater to a more energy efficient model – or switch to solar water heater
- Installing a ceiling fan that uses less energy than air-con
- Electrify your small business heating and cooling systems, upgrade to more efficient fridges and induction cooktops, and install batteries and heat pumps.
Your energy saving plan
Contact Curran and Electrical for more information.
