Reports | 16th Oct, 2024

REPORT: How We Electrify

Easy cost-saving options to replace gas heating

In this report we consider four major ways that people heat (and in some cases, cool) their home in Victoria and compare the replacement of old gas systems at their end of life with an efficient electric alternative. The research shows that there is an efficient electric option to suit every budget that will slash bills, increase comfort and cut emissions. 

Ditching gas and switching to reverse cycle split systems for heating saves at least two-thirds of annual energy bills, and the upfront investment required will pay for itself within one year.  

Environment Victoria would like to acknowledge Bank Australia’s support to develop this report. Bank Australia is committed to taking ambitious action on climate with a target to reach net zero operations and portfolio by 2035 and programs to support customers to go all-electric at home. 

Scroll down to read the full submission or download it here>>