Labour will double the number of houses with rooftop solar in New Zealand, lowering household power bills, reducing emissions and boosting renewable electricity generation.
โWe need to increase renewable electricity generation by 68 per cent by 2050. Solar on roofs lowers bills, as well as generating electricity locally, reducing reliance on the grid,โ Labour Leader Chris Hipkins said.
โI am absolutely focused on lowering household costs at the same time as driving New Zealand to become a global powerhouse of renewable energy. This plan does both of those things.โ
โWeโll boost New Zealandโs renewable energy production and make Kiwisโ power bills cheaper, through a fiscally responsible plan that contributes up to $4,000 towards installing rooftop solar panels at home โ $2,000 towards the panels and $2,000 for a battery.
โThere are well over 40 thousand New Zealand homes getting cheaper, clean electricity with rooftop solar โ this will more than double that with approximately 60 thousand more rooftop solar systems.
โExperience from projects funded through our Community Renewable Energy Fund shows household solar panels can reduce energy bills by up to 50%. Thatโs a saving of up to $850 a year.
โThis package of new measures builds on Labourโs plan to see New Zealand lead the world in renewable energy, creating jobs and protecting Kiwisโ power bills from
international price volatility,โ Chris Hipkins said.
Labour Energy spokesperson Megan Woods said the plan will also put $20 million of new funding towards community energy projects to help boost energy generation, and put more renewable energy back into the grid, helping to lower the overall cost of energy nationwide.
โThat funding will see new pilot programmes like mini urban solar farms, which provide revenue to those with spare commercial roof space by installing solar panels which feedback into the grid, trialed before being rolled out wider,โ Megan Woods said.
โWe will also fit 1,000 Kฤinga Ora homes a year with solar panels, which will give financial relief to some of our lower income families by reducing monthly energy bills.
โWith Transpower forecasting a 68 per cent increase in electricity generation needed to meet demand by 2050 we need to boost New Zealandโs renewable energy capacity to provide greater economic security.
โBy transitioning the bulk of our energy generation to renewable sources, like wind, solar and hydro in a fiscally responsible way, we can better protect New Zealanders from international pressures on energy prices like we have seen over the last two years with the war in Ukraine.
โWith emissions coming down itโs clear Labourโs plan is working. Todayโs announcement builds on the success of the Clean Car Standard and Discount which has increased EV uptake by 35 per cent since 2017. And the funding of the more than 1300 EV charges, one in almost every New Zealand town.
โItโs further to BlackRockโs $2 billion fund and the work of New Zealand Green Investment Finance to accelerate investment in innovative and dynamic companies, new technologies and significant projects that create jobs.
โWe can either remain vulnerable to volatile global economic forces or follow Labourโs affordable plan that boosts energy production, reduces emissions, lowers energy bills, and positions New Zealand with a future proof economy,โ Megan Woods said.