Energy Efficient Homes Incentives

Australia Stimulates Economy With Energy Efficient Homes

 What incentives do energy efficient homes have?

Well, in Australia, the government is focusing it’s stimulus recovery on making homes energy efficient.

To support jobs and set Australia up for a low carbon future the Rudd Government will install FREE ceiling insulation in around 2.7 million Australian homes! This investment will support the jobs of tradespeople and workers employed in the manufacturing, distribution and installation of ceiling insulation during a severe global recession.

Not only will the create new jobs with this project, but they will also help home owners directly by increasing the Solar Hot Water Rebate from $1,000 to $1,600 and the Low Emissions Plan for Renters rebate will increase from $500 to $1,000. Wow!

Insulation is typically the most cost effective way to improve a home’s energy efficiency. Although all newly-built homes must be insulated, many older homes – up to 40 per cent of Australia’s housing stock – remain uninsulated.

Great news from the Land Down Under. I think we can see similar changes coming to the US real soon.