New Zealand passes solar tipping point

dzhiurgis an hour ago | parent | next [-]

Thing is - the _install_ costs recently dropped while power price went significantly up.

And for comparison, power in Australia was always about 2x more expensive, while solar was about 2x cheaper. That's a 4x worse payback period in NZ!

> He said it was cheaper to put solar on houses than build solar farms

How?

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JumpCrisscross 10 hours ago | parent | prev | next [-]

"only about 20 percent of households had access to green loans from banks to do so, because they often require sufficient equity in a house and for the homeowner to have an active mortgage."

I get the equity requirement. But why an active mortgage?

	▲	_aavaa_ 7 hours ago \| parent \| next [-]
		I think the idea is that if you don’t have an active mortgage then you have a lot more money available than someone with a mortgage, so money isn’t as much of a barrier for those people to put up the panels.
	▲	billybuckwheat 10 hours ago \| parent \| prev [-]
		I don't get the active mortgage requirement either and I live in NZ.

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kneyed 9 hours ago | parent | prev [-]

Tim Sparks, at the Electricity Authority!?