Save money and reduce your carbon emissions
All-electric homes save hundreds of dollars a year in energy bills, are healthier to live in, and are better for the environment.
Going all-electric puts around $1,000 per year back in the pockets of new-home owners, or over $2,200 with solar installed. A new Victorian
detached home built all-electric will spend around $2,600 on energy bills and can save an additional $1,200 with solar panels. A dual-fuel
home would spend around $3,600 per year.
Completely converting to an all-electric home from a dual fuel home can save $1,250 per year, in addition to the $950 saving from the
existing solar system. Adding a medium-sized battery can also save a further $520 per year.
An all-electric home built today is 16% lower emissions than a new dual fuel home. Over the 10-year period from 2024-2034, that
increases to 29% lower emissions for the new, all-electric home compared to a new dual fuel home.
Source: https://www.energy.vic.gov.au/renewable-energy/victorias-gas-substitution-roadmap