NSW Election Update
With the NSW election on Saturday, it’s time to see where the parties stand on solar, storage and smart energy.
NSW Labor Party
- The biggest proposed rollout of renewable energy in Australian history;
- 7 gigawatts of large-scale renewables by 2030 – 6GW by reverse auction, 1 GW through a new State-owned corporation with 4GW in first term of government;
- 500,000 new solar homes by 2030, delivered through a $2,200 subsidy;
- $100 million Solar Schools package for solar on more than 350 schools;
- $11 million to train electricians in solar and battery storage;
- 100% renewables for all State Government agencies by 2025;
- At least 50% renewables by 2030.
NSW Liberal Party
- No interest loans for solar and battery storage for 300,000 homes. This includes loans over 10 years of up to $9,000 for a battery system and up to $14,000 for a solar-battery system. This is a good initiative;
- Making it easier for strata committees to approve solar panels and batteries for apartment blocks by lowering the voting threshold from 75% to 50%;
- An extra $20 million to the Emerging Energy Program, encouraging private-sector
- investment in large-scale electricity and storage projects;
- $10 million for a new recycling fund for solar panels and battery systems.
NSW Greens Party
- Establish a new publicly owned electricity company to generate, distribute and retail renewable energy;
- $1 billion to support local community renewable projects and $1.5 billion a year in large-scale, publicly owned renewables projects;
- Rebates for more than one million households to install solar panels and battery storage.
Authorised by John Grimes, Level 2, Moore St, Canberra ACT 2601.