Summary
- Bunnings in Australia is promoting the trend of electric homes for environmental and financial benefits
- Bunnings is committed to using 100% renewable electricity by 2025 and aims for net zero emissions by 2030
- Over 80% of Bunnings’ network in Australia uses renewable electricity, while New Zealand’s network is 100% powered by renewable energy
- Transitioning to an electric home can result in significant energy bill savings, as seen in examples from Australia
- Renters and those in strata title dwellings can still take steps towards electrification, such as using electric garden equipment and following energy-saving practices
Article
The trend of electrifying homes in Australia is not only a smart financial move but also an environmentally conscious one. Retail giant Bunnings has committed to sourcing 100% renewable electricity by 2025 and achieving net zero emissions by 2030. Over 80% of the entire Bunnings network is now powered by renewable electricity, showcasing a significant shift towards sustainability in the business sector. The company is also stocking a wide range of EV charging cables and trialing electric delivery vehicles, signaling a commitment to electric mobility.
Individuals like Mark have embraced the shift towards electrifying their homes, seeing it as a sound long-term investment. By replacing gas heating and hot water appliances with electric ones, installing a solar system with a battery storage unit, and making use of various government incentives and green finance offers, Mark has transformed his home into an electrified oasis. The upfront cost of electrifying his home was around $60,000, but the annual savings of about $15,000 mean a payback period of four years. His monthly electricity bills are now often in credit, thanks to the excess energy produced and exported for a high price.
For those who are renting or living in strata title dwellings, there are still opportunities to electrify their homes. Renters can start with electrifying garden equipment, utilizing tools like battery electric lawnmowers or hedge trimmers. It’s also possible to minimize energy use within strata title buildings and work towards a more sustainable lifestyle. Making small changes like adjusting the settings of AC units, installing solar panels, or using electricity instead of fossil fuels can contribute to reducing environmental impact and increasing energy efficiency.
In addition to economic advantages, there are also health benefits to be gained from electrifying homes. Not cooking with gas and using electric cars and lawnmowers instead of petrol-powered ones can lead to improved health outcomes. The use of electricity provides efficacy and freedom, allowing homeowners to take back control of their energy sourcing. Even though Australia’s grid is not yet 100% renewable, electric appliances are far more efficient than their fossil fuel counterparts, making them a viable choice for sustainable living.
Innovations like solar soaker tariffs and Home Energy Management Systems (HEMS) further enhance the benefits of electrifying homes. By taking advantage of cheap solar power during the day, households can shift their electricity use to times when it is most abundant and cost-effective. HEMS help automate the process, ensuring appliances run when solar energy is ample or grid prices are lowest. These tools empower homeowners to make smarter energy choices, ultimately saving money and reducing their environmental footprint.
By taking incremental steps towards electrifying homes, individuals can make a meaningful contribution to combating climate change and promoting sustainability. Every small change helps, both for financial savings, personal health benefits, and the well-being of the planet. The future of sustainable living in Australia is bright and electric, offering numerous opportunities for individuals to transition towards a cleaner and more efficient lifestyle.
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