AGL has launched a new product that makes the savings from solar energy available to people living in households without traditional solar rooftop panels.

AGL General Manger Energy Management Nick Ruddock said AGL Offsite Solar would suit the households which wanted, but could not tap into, renewable energy.

“As a company that is committed to making energy more affordable for our customers and helping them manage their bills, AGL created this product to help the Australians who are not able to access the savings that solar energy can provide,” Mr Ruddock said.

“We believe this is the only product of its type in Australia available for the 80 percent of Australian households that do not have solar, including people who are renting, living in apartments, have unsuitable roofs, cannot afford it or move too often to justify the cost.

“Customers who sign up to AGL Offsite Solar for $1 a day in the first year receive bill credits of about $50 per year plus loyalty credits of $33 per year in years two to seven." These amounts are inclusive of GST.

AGL owns the 500 kilowatt (kW) PV system installed on a Kraft Heinz factory in Wagga Wagga and receives payments for generation.

“Although AGL Offsite Solar customers are not directly using the energy from this solar system, their credits reflect the solar generation from the panels,” Mr Ruddock said.

“We estimate customers will break even on their subscription in about 4.6 years, and it comes without the cost and hassle of installations and maintenance. Best of all, customers can take the service and savings with them when they move to an eligible home.

“Customers need to be on an eligible AGL energy plan to be able to connect this product, and should visit AGL.com.au/AGLOffsiteSolar to learn more".

About AGL

AGL is committed to helping shape a sustainable energy future for Australia. We operate the country’s largest electricity generation portfolio, we’re its largest ASX-listed investor in renewable energy, and we have 3.6 million customer accounts. Proudly Australian, with more than 180 years of experience, we have a responsibility to provide sustainable, secure and affordable energy for our customers. Our aim is to prosper in a carbon-constrained world and build customer advocacy as our industry transforms. That’s why we have committed to exiting our coal-fired generation by 2050 and why we will continue to develop innovative solutions for our customers.