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Environment
Martina Linnenluecke, Professor of Environmental Finance at UTS Business School, University of Technology Sydney

Solar power can cut living costs, but it's not an option for many people – they need better support

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As the cost of living soars, many Australian households are turning to rooftop solar to cut their energy costs. A Pulse of the Nation survey last month showed about 29% of Australians have installed or are considering installing solar panels on their homes.

The same survey shows one in five Australians can’t afford to adequately heat or cool their homes. Many are also unable to install energy-saving options such as solar panels or insulation because of the upfront costs or because they are renters who cannot make changes to the dwelling. Among those who are financially stressed, earn less than A$50,000 or are between the ages of 18 and 34, a large majority do not intend to install energy-saving options, largely because they cannot afford them.

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