New Zealand Green Party Solar Homes Policy (2014)

Solar power is one of the greenest forms of electricity generation we have. It gives families independence from the big electricty companies. With no fuel cost, it insulates families against future power price rises.

Under the Greens' Solar Homes initiative, Kiwi families and households will be able to get low-cost loans from the government to pay for solar power installation, repay the loan via their rates, and enjoy free, sustainable power for decades.

The loans will be cost neutral to the Crown, with an estimated administration cost to Energy Efficiency and Conservation Authority (EECA) of less than a million dollars a year.

Once the low-interest loan is repaid, the family will own their solar power system outright. Families will be able to earn money by selling excess electricity back to the grid.

This is an example of smarter, greener economics in action.

Read more about this: New Zealand Green Party Solar Homes Policy Paper (2014).pdf

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