New funding from the Victorian government will address energy efficiency initiatives in the architecture and built environment industry.
The $18.8-million package will particularly target residential and mid-tier buildings.
The largest share of this package – $8.9 million – will go towards strengthening energy efficiency regulations for new homes. The process going forward will involve reviewing current regulations, working with builders, and improving building industry compliance with the revised regulations.
A further $1.8 million will go towards creating a Better Commercial Buildings Program, which will fund energy efficiency improvements for 50 under-performing mid-tier buildings. Providing grants to commercial buildings and tenancies, this will enable them to conduct energy audits, implement upgrades, and measure and verify efficiency improvement.
The Victorian government has set aside $5.7 million of the residential and mid-tier efficiency funding towards the Residential Efficiency Scorecard. Launched in March, the scorecard empowers householders to improve their property’s sustainability performance, subsequently allowing them to save on associated energy costs.
The remaining $2.4 million of funding will be used to establish a new set of energy efficiency standards for residential properties, including the disclosure of energy ratings when homes are sold.