An example of Mirvac housing

Home energy bills could be cut by up to 90 per cent in three new Mirvac masterplanned communities, following a new finance deal struck with the Clean Energy Finance Corporation.

More than 300 three and four bedroom family homes in Mirvac developments in Brisbane and Sydney will include solar and battery systems, high-grade insulation, LED lighting and energy efficient appliances as part of the base building.

The CEFC is providing up to $90 million in debt finance towards the masterplanned communities, the precise location and configuration of which is still under wraps until development approval is granted.

Each of the properties will include a 5.1-kilowatt system and 10-kilowatt-hour battery system, which the CEFC said would cover up to 90 per cent of a typical home’s energy use.

CEFC chief executive Ian Learmonth said the finance meant that the sustainability initiatives would be included in the construction at no additional cost to homebuyers.

“This will deliver significant and ongoing long-term benefits to families and residents,” he said.

“Australian homes have an average lifespan of almost 50 years. By incorporating renewable energy and energy efficiency measures from day one, these new homes can provide a lifetime of lower energy costs and lower carbon emissions for their residents.”

CEFC property lead Chris Wade said the organisation’s goal was to make these built-in sustainability measures the “new normal”.

“Smart building design, combined with solar and battery storage packages, can give home owners greater control over their energy use and can pave the way for energy self-sufficiency,” he said.

“As a key part of this investment, we will work with Mirvac to monitor energy use and track energy savings, so we can share insights into the positive impacts of these technologies on day-to-day energy consumption. We see this as building the foundation of an ongoing relationship with Mirvac to enhance clean energy standards in the residential housing sector.”

Mirvac group general manager sustainability and reputation Sarah Clarke said the project was part of an overarching strategy to be net positive in energy and water by 2030.

“Cost of living and environmental sustainability are issues our customers really care about, and this is another great example of how Mirvac is focused on providing more affordable living options,” she said.

Additional details on the project are scant due to the projects still seeking planning approval, though Mirvac said it would announce full details of the three sites when the approvals are finalised.

Construction for the project is set to commence later this year, with the first homes ready for purchase and occupation by the end of 2019.

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