Electric Car Owners Can Save Hundreds with Solar Sharer Plan 2026

Electric car owners can save hundreds of dollars a year under a new government scheme that offers three hours of free electricity. The solar sharer plan, available since July, is gaining attention as Australians look for ways to cut energy costs. New research from the Institute for Energy Economics and Financial Analysis (IEEFA) reveals who benefits most and who might end up paying more.

How the Solar Sharer Plan Works

The solar sharer plan is a regulated energy offer that provides a three-hour free power period, typically during midday when solar generation peaks. This encourages households to shift energy-intensive activities, like charging electric vehicles, to these off-peak times. However, the plan also includes higher peak and supply charges, which can offset savings if usage patterns aren't adjusted.

Savings for Electric Vehicle Owners

According to IEEFA modelling, households with one electric vehicle could save up to $800 a year on the solar sharer plan. Those with two EVs might see savings as high as $1,900 annually. Jay Gordon, an energy analyst at IEEFA, explains: "EVs already cost less to run than petrol or diesel cars. With solar sharer, if you're able to charge that EV in the middle of the day, you can take advantage of the free power period and lower running costs even more."

Who Benefits Most?

Larger households with multiple vehicles stand to gain the most. "If you're a larger household that had two EVs – and we know the majority of Australian homes do have more than one vehicle – you could be seeing double those savings, so you're easily exceeding $1,000 a year just on that regulated solar sharer offer," Gordon says.

Potential Risks and Considerations

Not everyone will benefit. Households without an EV or those unable to shift energy use to midday could face higher bills due to increased peak and supply charges. It's crucial to assess your energy habits before switching. The plan is best suited for those with solar panels or flexible schedules.

Key Takeaways

• Electric car owners can save up to $800 per year with one EV, or $1,900 with two.
• The free power period is typically midday, aligning with solar generation.
• Higher peak charges mean you must shift usage to benefit.
• Households without EVs may see increased costs.

Is the Solar Sharer Right for You?

Consider your daily routine and energy consumption. If you can charge your EV during the day, the plan offers significant savings. If not, stick with standard tariffs to avoid higher costs. Always compare offers and consult your energy provider for details.

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