Labour says it wants to help New Zealanders slash their power bills by removing the upfront cost of solar, pledging to roll out subsidies of up to $3000 and make it easier for renters to have plug-in panels — if elected at November's election.
The SolarSaver package, announced today, would cost $160 million over four years, which the party says it will fund by repurposing the coalition's gas security fund.
It includes two Government-backed, low-interest finance options, kickstart subsidies for low- and middle-income households, a $30 million community battery fund, and support for solar installation careers.
Leader Chris Hipkins said it targeted families locked out of solar by the initial cost.
"Renewable energy is the cheapest form of electricity available, but too many households are locked out by the initial cost," he said.
"There's something for everyone. Low- and middle-income households will be eligible for subsidies of up to $3000. We'll change the rules so renters can use safe plug-in solar panels, saving an estimated $300 to $400 a year.
"And we'll establish a community battery fund so whole neighbourhoods can share in the benefits of cheaper, cleaner energy."
Labour energy spokesperson Megan Woods said four out of five households currently could not access a standard bank green loan.
"Lines companies will be able to offer low-cost loans where solar installations benefit the local network, while a new property-linked finance scheme will allow households to repay costs gradually through their rates bill," she said.
"Renters deserve lower power bills too. We'll modernise the rules for plug-in balcony solar so renters can start saving, and we'll invest in community batteries to help neighbourhoods, marae, and community organisations reduce electricity costs."
A two-panel plug-in kit is expected to cost about $1500, with the $3000 subsidy enough to cover it in full, according to a party fact sheet.
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Woods added: "We'll also introduce grants of up to $3000 for households that need the most help getting started.
"The solar rollout will create local jobs for electricians, installers, and roofers. Alongside our expanded Apprenticeship Boost scheme, Labour will support thousands of young tradies to build careers in a growing industry."
How does it compare with National's Home Energy Fund?
The announcement comes two weeks after National unveiled its own household solar policy, a Home Energy Fund offering low-interest loans secured against property and repaid through rates – a mechanism Labour's package also adopts.
Both parties credit the Ratepayer Assistance Scheme championed by Local Government New Zealand and Rewiring Aotearoa as helping to design the model.
As a low-interest loan attached to a property, it would cover solar, batteries and other home electrification like hot water heat pumps.
Labour says its proposed subsidies, loan schemes and a new EECA advisory service would be running "within 12 months of taking office".
Labour's Woods took aim at the Government's energy record.
"While National is doubling down on expensive fossil fuels, Labour is focused on helping New Zealanders take control of their power bills through cheaper, cleaner energy."
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