Residential ESS cost breakdown in New Zealand 2030

Utility-Scale Battery Storage | Electricity | 2022 | ATB

In this way, the cost projections capture the rapid projected decline in battery costs and account for component costs decreasing at different rates in the future. Figure 3 shows the resulting utility-scale BESS future cost projections for the

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6 FAQs about [Residential ESS cost breakdown in New Zealand 2030]

Why is building a house so expensive in New Zealand?

This is driven by cheaper building materials and labour costs on a per-metre basis for most house types in New Zealand. The cost of any one building material has a limited impact on the overall cost of building a house. The largest material cost is timber which contributes around 3% to the total cost.

How much does Fletcher Building contribute to housing development in New Zealand?

In all cases, despite Fletcher Building’s strong market position as a manufacturer of building materials, use of their products potentially contribute a relatively small amount (8% to 13%) to the cost of residential housing development in New Zealand, if land and infrastructure cost are excluded.

Does GST affect housing development in New Zealand?

GST alone contributes 12% to the cost of housing development in New Zealand compared with 8% in Australia. (GST does not apply to holding costs.) Housing construction (ie, *building materials, labour, builders’ margin, contingency) costs are very similar and in some cases cheaper between New Zealand and Australia.

Why are building materials more expensive in Auckland?

The reason for this is that building materials are consistently more expensive in Auckland, relative to the other cities considered. Source: Deloitte Access Economics analysis, based on QS data, QV Cost builder, Rawlinsons For all other typologies and locations, building material costs are cheaper in New Zealand when GST is applied.

What are the costs associated with residential development?

This study aims to understand the costs associated with residential development (cost of supply), and not the cost of purchasing a new house (the market value). The cost of building materials is a key contributor to the overall cost of residential housing development, although by no means the only cost-driver.

How many types of housing are there in New Zealand?

The study looked at five different dwelling types including houses, townhouses, and low-rise and high-rise apartments (two build types), in Auckland, Wellington, Christchurch, Melbourne and Sydney. It compared the costs for all the major components of residential housing development, as well as individual materials used.