Like households and small businesses, Australian farmers are increasingly turning to renewable energy technologies to cut their power costs and shore up their bottom lines.

But a new report from Commonwealth Bank of Australia suggests the shift to solar and battery storage in the nation’s expansive agribusiness sector has only just begun.

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According to the bank’s latest Agri Insights report, a staggering 76 per cent of all farmers, nationwide, are planning to tap solar and battery storage, as regaining control over energy costs becomes a major business focus.

“Four in five Australian farmers have told us that cost is a bigger issue than reliability and more than three-quarters of them say they feel like they don’t have control over energy costs on farm,” said Grant Cairns, regional and agribusiness banking executive general manager at CBA.

“In a bid to take back some control and better manage costs, farmers are looking to energy efficiency solutions, and especially to solar power.”

Read more: One Step off the Grid