Prepare for Climate Change Risks to Future-Proof Your Property
The quintessential Australian dream of living in leafy surrounds, along bushland fringes or with coastal views is at the top of the bucket lists for many.
But the government’s first National Climate Risk Assessment outlines that understanding climate risks, particularly for homeowners, will help us adapt and make informed choices about protecting our communities, the places we call home and our loved ones.
What are the emerging climate risks?
- Heatwaves and bushfires: The increased frequency and varying patterns of extreme weather events such as heatwaves, can strain energy systems, with power lines and telecommunications likely to experience increased pressure or outages.
- Flooding: Threatens infrastructure and essential community services., and property damage or even loss of homes can also be a result.
- Rising sea levels: Increased coastal hazards such as coastal flooding and erosion will impact coastal communities.
Despite the climate risks of buying a home in these attractive coastal and bushland suburbs, many Australians continue to seek out these locations for their ‘forever home’.
What can we do to future-proof against climate risks?
While we can’t control where extreme weather strikes, homeowners can take proactive steps to make their properties more resilient and attractive to future buyers. Installing solar panels and battery storage is emerging as one of the smartest ways to future-proof a home:
- Energy security during outages: With climate events driving more blackouts, having solar battery backup ensures essential power supply to run appliances to keep food fresh and the lights on or longer.
- Lower emissions and bills: Less reliance on the energy grid helps households save money while cutting carbon footprints.
- Boosted property value: Energy efficient homes have shown to attract greater buyer interest when it comes time to sell, and command premium sale prices – some drawing in excess of $100,000 due to the home’s energy credentials.
- Dodge rising energy costs: For potential electricity price rises, homes that are energy independent with solar power generation and battery storage will avoid shock changes in their energy bills, and become more desirable.
In climate-exposed areas, a property with solar and battery storage may not just be a greener choice that saves you money on your energy bill. It could also be the home that remains liveable, sellable and insurable into the future.
Speak with a Nectr Solar & Battery Expert to learn more about future-proofing your home against climate change risks.
Read more about the National Climate Risk Assessment here: https://www.acs.gov.au/pages/national-climate-risk-assessment
