Projects

Electrification Finance Project

A 9-month project researching potential finance models with stakeholders and customers to help overcome the cost barrier to electrification.

Removing the cost barrier to electrifying Australian homes

A new Rewiring Australia and NAB project will investigate how finance could help households overcome the upfront cost of switching to electric appliances, solar and batteries.

Recent polling commissioned by the Climate Council found that 65% of Australians want support to purchase an electric vehicle, while more than 79% want help buying energy-efficient appliances and insulation and 75% want support to purchase home batteries. But making the switch at home can require thousands of dollars upfront, even when the technology can deliver lower energy bills over time.

That is the problem a new nine-month project from Rewiring Australia, in partnership with NAB, aims to tackle.

Delivered with

Making electrification easier

The Electrify 2515 pilot, which closed applications in July 2026, supported participating households to:

  • Replace gas appliances with efficient electric alternatives
  • Reduce energy use and household energy costs
  • Install smart energy technology
  • Access subsidies and financing to make upgrades more affordable
Rather than looking at homes individually, the pilot focuses on a concentrated part of the electricity grid.

That gives us a unique opportunity to understand what happens when lots of homes electrify together and how the grid can support that transition.

A community making the switch

More than 500 homes are already participating across the 2515 postcode.

Along the way, the project has brought local trades and suppliers into the transition and generated real-world insights into what households need to electrify.

Bulli has gone electric

The success of Electrify 2515 created an opportunity to take the community approach next door.
In 2026, the pilot expanded into neighbouring Bulli (2516), bringing more households into the journey.
Bulli was a natural next step because there was strong interest from local residents and the community shares electricity infrastructure with the 2515 area.
Together, 2515 and 2516 are helping us understand how connected neighbourhoods can transition to clean, electric living.

Support for Bulli households

Participating Bulli households could access support including:

  • Subsidies of up to approximately $1,000 per appliance to replace gas appliances
  • Support to upgrade heating, hot water and cooking to electric
  • Smart energy devices to help monitor and manage energy use
  • The opportunity to contribute to a national research project