The Hon Josh Wilson MP, Assistant Minister for Climate Change and Energy
Zaneta Mascarenhas MP, Member for Swan
Thousands of Australians have cut their energy bills, made their homes more liveable, and better adapted to climate change, in a milestone achievement of the Albanese Government's Household Energy Upgrades Fund (HEUF).
More than 10,000 home energy upgrades have been delivered across Australia, financed by the Clean Energy Finance Corporation (CEFC) through the $1 billion HEUF.
Queensland and NSW are leading the charge, with around 2,600 households accessing discounted finance to make the switch to a range of clean energy technologies including rooftop solar and batteries, energy efficient appliances, double-glazing, EV chargers, and heat pumps.
Analysis by the Department of the Treasury found that electrification and the purchase of solar PV, batteries and an electric vehicle can reduce typical household energy costs by about $4,300 per year.
Australians are taking advantage of the HEUF and the Albanese Government's transformative Cheaper Home Batteries Program (CHBP) to bundle savings on rooftop solar, batteries and inverters.
Since the 1 July launch of the CHBP, uptake of these clean energy technologies through the HEUF has tripled.
This is practical action to help households save money now while building a cleaner and more reliable energy system for the future. It means lower bills, more comfortable homes, and less exposure to rising energy costs.
Since HEUF launched in May 2024, the CEFC has announced over $400 million in discounted finance for households, backed by 7 co-financiers and leveraging an additional $400 million in private sector investment.
The co-financiers are lenders Brighte, Plenti, Plico, Commonwealth Bank, Westpac, ING, and Bank Australia, with more deals expected to be announced in 2026 and beyond.
Quotes attributable to Assistant Minister for Climate Change and Energy, Josh Wilson:
"This important milestone with the HEUF shows that Australians have a real appetite for making their homes more sustainable and more efficient with reliable, renewable, and low-emission technologies.
"Just in the last quarter of 2025, we saw the number of HEUF loans almost double with homeowners take control of their energy use to slash their energy bills while decarbonising our housing sector.
"With residential buildings accounting for around 10 per cent of emissions, helping householders to improve energy efficiency is one of the quickest ways we can move closer to net zero and make a tangible difference for everyday Australians."
Quotes attributable to Member for Swan, Zaneta Mascarenhas:
"Families are feeling the squeeze. They want lower power bills and more control, but upfront costs have held them back.
"The Household Energy Upgrade Fund removes that barrier. You don't need thousands upfront to start saving.
"Households that electrify could save up to $4,300 a year. This is more money back in people's pockets and more control over energy bills."
