What would it cost?
- This program would require an investment by government of $4.7 billion over three years, using an average of between $240,000 - $388,000 per dwelling. Providing rooftop solar to these dwellings would cost around $45 million.
- Rental income from tenants of $200/fortnight on average would contribute $78m per year to offset this cost.
- There are many ways to fund the delivery of social housing, including blended finance models with the community housing and private sector, aggregating investment from institutional investors, and issuing affordable housing bonds. The Clean Energy Finance Corporation (CEFC) also provides tailored-long term finance for market-leading energy-efficient community housing and retrofits.