Solar City has announced the launch of The Warehouse’s country-wide Solar Roof Shout and Kiwibank’s Sustainable Energy Loan, helping Kiwi families install solar for as little as $2.50 a day.
Mark Powell, Group Chief Executive Officer of The Warehouse, says it’s important that two leading Kiwi companies are helping to bring solar power to Kiwis at a better price, to help them combat ever-increasing electricity costs.
“The price of electricity has increased by 84% in the past 10 years and many of our communities are struggling to pay their power bills,” Powell says. “New Zealand has plenty of sunshine, so we want to educate Kiwis about solar power, and help make it more affordable for families.”
“By having SolarCity experts in different stores across the country, we can help ourcustomers understand how they can best reduce the energy costs they face,” he says.
Kiwibank’s new Sustainable Energy Loan is designed to help make it more affordable for people to generate their own energy, with the bank contributing up to $2000 towards the cost of financing each system installed.
Kiwibank Chief Executive, Paul Brock, says it is great that an organisation with the reach of The Warehouse is demonstrating how the new Sustainable Energy Loan can work for Kiwis.
“It’s fantastic to see our new loan in action so it can make a difference across the nation straight away,” says Brock. “Offering Kiwis the best deal on renewable energy systems helps everyone save money on power and do their bit for the environment.”
“Research shows that people want solar, but the upfront cost is the most common barrier,” Andrew Booth of Solar City says. “Accessing a Kiwibank Sustainable Energy Loan, as well as a $250 Warehouse voucher, will help people enjoy the financial benefits of solar immediately. Plus, the SolarCity standard Panasonic solar power system has a 25-year power output guarantee, so once the system is paid off, it will generate free power for decades.