Energy Costs

Written by Claude Haiku 4.5 from the extracted text on 28 Feb 2026. It can miss or misread redacted and scanned pages. Check the source before relying on it.

Treasury released cost analysis comparing household energy expenses across three scenarios. A non-electrified household faces annualised costs of $10,900 (comprising $3,600 capital, $1,200 financing at 5.5 per cent interest, and $6,100 ongoing costs). An electrified household costs $7,800 annually ($3,700 capital, $1,200 financing, $2,000 ongoing), delivering $3,060 in annual savings primarily through vehicle fuel ($2,070) and heating ($860). Adding solar panels and batteries increases capital costs to $4,600 but reduces ongoing costs to $500, yielding total annualised costs of $6,600 and maximum savings of $4,260 annually. The solar and battery system generates feed-in tariff revenue offsetting $320 annually. The analysis models appliance purchases, two vehicles, and renewable energy equipment within