Opposition leader, Bill Shorten will formally adopt former prime minister Malcolm Turnbull’s National Energy Guarantee (NEG) as Labor policy.

Australian households will be offered federal rebates to install solar storage batteries under a federal Labor energy policy which will also direct funding towards solar, wind, and hydro projects.

Mr Shorten will promise massive spending on renewable energy projects, with the Clean Energy Finance Corporation (CEFC) to have its funding topped up to $10 billion.