Home Efficiency Australia Teams Up with CommBank to Offer Innovative Energy Savings Tool

Media release: October 16, 2024

Home Efficiency Australia is excited to announce our new pilot working with CommBank, one of Australia’s leading financial institutions. This collaboration introduces an innovative, free tool designed to help customers optimise their home’s energy efficiency, which may reduce energy bills, and enhance overall comfort.​

Unlock Your Home’s Energy Savings

As part of our commitment to sustainability and cost-effectiveness, Home Efficiency Australia and CommBank have joined forces to offer an opportunity for homeowners. Our new Home Energy Efficiency Tool is available to eligible CommBank customers, providing customised insights into improving their home’s energy performance.

Key Benefits of the Home Energy Efficiency Tool:

  • Estimate the energy efficiency of your home
  • Decision-making made easy: Receive suggestions that may improve the energy efficiency of your home
  • Effortless cost estimation: get estimates of potential costs and savings for energy efficient home upgrades.
  • Connect with installers: links to local installers to bring your upgrade to life.

Ally Todd, CEO of Home Efficiency Australia, said:
“Working with CommBank provides a fantastic platform to broaden our reach and offer valuable tools to homeowners. We’re thrilled to collaborate with CommBank to support their customers in making informed decisions about their home’s energy efficiency, leading to savings and a reduced environmental footprint.

By integrating installer connections, we are making it easier for homeowners to implement energy-saving solutions and support their local economy.”

“Households play a critical role in addressing climate change by reducing energy consumption and lowering carbon emissions. The project with CommBank is designed to equip homeowners with the tools needed to implement effective energy-saving measures, making it easier to take meaningful action.”

Dr Michael Baumann, Executive General Manager Home Buying, Commonwealth Bank, said:

“We’re very excited to be working with ValAi to launch our new Home Energy Assessment Tool (HEAT). This new tool not only provides our eligible home-owner customers with information about the energy efficiency of their property, but it also seeks to inform them of the potential financial benefits associated with improving their home’s energy performance.

“While the tool is currently being piloted with a small number of our customers, we look forward to continuing our work with ValAi and rolling this tool out more broadly in due course.”

How it works

CommBank customers can use our Home Energy Efficiency Tool to navigate an easy process for estimating their home’s current energy usage and receive recommendations on improvements.

The tool provides access to a network of installers who can carry out the upgrades.

Supported by the Harvard University STAR Lab behavioural science team research group, and the CommBank Behavioural Science team, the tool incorporates user-centric design principles to effectively guide users through energy-saving decisions
with evidence-based strategies.

About Home Efficiency Australia:

Home Efficiency Australia, a division of ValAi Pty Ltd, is dedicated to delivering expert advice and solutions for home energy efficiency. Our goal is to empower homeowners with the knowledge and tools needed to achieve enhanced energy performance and cost savings. ValAi is a company led by a female founder that leverages innovative technology and data insights. By utilizing aerial imagery analysis, open energy data as an approved CDR recipient, and advanced machine learning algorithms, ValAi develops tools that aid in climate impact and decarbonisation strategies.

About CommBank:

CommBank is committed to providing innovative solutions that enhance the financial well-being and daily lives of its customers. By working with leaders like Home Efficiency Australia, CommBank continues to offer valuable services and resources to help customers.

For more information about the Home Energy Efficiency Tool or to schedule a personalised assessment, visit www.homeefficiencyaustralia.com.au

T&Cs Apply
The information and the outputs of this Tool is provided by HEA, utilising publicly sourced datasets and trusted data providers. CBA is not responsible for the accuracy of that information and the outputs of this Tool.​

Home Efficiency Australia (HEA, a trading name of ValAi Pty Ltd ABN 82 634 638 449) is working with Commonwealth Bank of Australia (‘CBA’) to make this Home Energy Efficiency Tool (‘Tool’) available to CBA customers. By engaging with this Tool, you acknowledge and accept the following terms and conditions:

HEA manages and sources the third party referrals available through the Tool. HEA is not part of the CBA Group. CBA is not responsible for the content on the Tool, nor the provision of any of the services that are offered through this Tool. CBA does not guarantee the obligations or performance of HEA or services it offers. CBA is not responsible for the accuracy of any information presented in this Tool and is not liable for the acts or omissions arising from use of this Tool, or the acts or omissions of any suppliers associated with Tool.

The Home Efficiency Australia tool is available to eligible CommBank customers to use until  24 December 2024.

Things you should know: Media releases are prepared without considering an individual reader’s objectives, financial situation or needs. Readers should consider the appropriateness to their circumstances.  Commonwealth bank of Australia ABN 48 123 123 124 AFSL and Australian credit licence 234945.