PIAC’s Energy + Water Consumer Advocacy Program (EWCAP) has welcomed the New South Wales Government’s commitment to provide no-interest loans for households to access solar and batteries, announced on Sunday.
‘This program will provide welcome relief for people struggling with the cost of living. Making finance available for up to 300,000 households with income below $180,000 a year gives homeowners who haven’t been able to afford solar or batteries a chance to be part of the energy revolution,’ said Craig Memery.
‘Although no-interest loans are already available, the private providers that offer them make a substantial profit from these arrangements, often by significantly inflating purchase prices, so that the people who can afford it least end up paying more.’
SOURCE: “No Interest Loan Plan Puts Roof-top Solar within Reach of Struggling Households.” Public Interest Advocacy Centre, Media alert, 11 February 2019.
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