Australia: Households plan $85 billion in energy upgrades

energy efficiency home upgrades solar panels Australian households electrification

Australian households are projected to spend $85 billion on home energy upgrades over the next five years, according to a report by PropTrack and Origin. The study, based on a survey of nearly 3,000 people, indicates an average planned expenditure of $8,340 per household, an increase from $7,950 in 2025.

Investment trends vary significantly by demographic. Homeowners aged 50 to 64 plan to spend an average of $9,450, whereas respondents under 35 budget approximately $5,900. Renters also intend to spend less on upgrades than homeowners, a trend attributed to limited control over living conditions.

Key priorities for energy efficiency include solar panels and insulation, followed by glazed windows, battery storage, and efficient appliances. Despite recent milestones—including the installation of over 500,000 battery systems and 4.5 million solar panels across the country—up-front costs and knowledge gaps remain the primary obstacles to widespread adoption.

Entities

Australia · Eleanor Creagh · Origin · PropTrack · Realestate.com.au

Claims

What the coverage asserts, and how many sources carry each claim.

[● 3 SOURCES] Renters plan to spend less on energy upgrades than homeowners. startsat60.com · theqldr.com.au · reneweconomy.com.au
[● 3 SOURCES] Australian households plan to spend $85 billion on home energy upgrades over the next five years. startsat60.com · theqldr.com.au · reneweconomy.com.au
[● 3 SOURCES] Australian households have installed over 500,000 battery systems and over 4.5 million solar panels. startsat60.com · theqldr.com.au · reneweconomy.com.au
[● 3 SOURCES] Solar panels and insulation are the most prioritized energy upgrades. startsat60.com · theqldr.com.au · reneweconomy.com.au
[● 3 SOURCES] Average household spending for energy upgrades increased from $7,950 in 2025 to $8,340. startsat60.com · theqldr.com.au · reneweconomy.com.au
[● 3 SOURCES] Up-front costs are the primary barrier to energy efficiency upgrades. startsat60.com · theqldr.com.au · reneweconomy.com.au
[● 3 SOURCES] Respondents aged 50 to 64 plan to spend an average of $9,450, while those under 35 plan to spend $5,900. startsat60.com · theqldr.com.au · reneweconomy.com.au
[● 3 SOURCES] The average planned spending per household is $8,340. startsat60.com · theqldr.com.au · reneweconomy.com.au

Sources

Unions Urge Bank Tax to Offset Burnham Energy VAT Cut [world-today-journal.com]

2 days ago

LED Lighting Guide Australia 2026: Savings & Brands [www.energymatters.com.au]

2 days ago

Renovation nation: Aussies plan $85b in energy upgrades [startsat60.com]

3 days ago

Households could save up to £173 a year by switching to fixed energy deal [rocketnews.com]

2 days ago

Renovation nation: Aussies plan $85b in energy upgrades [theqldr.com.au]

4 days ago

Households tipped to spend $85 billion on energy upgrades, but renters and young Australians could miss out [reneweconomy.com.au]

3 days ago