Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 


Greens mislead on solar subsidy

By Jamie Whyte

Russell Norman’s inability to understand that a concessional interest rate is a subsidy is bewildering. Interest rates should reflect the risk of the borrowers not of taxpayers. One of the purposes of interest rates is to communicate information about risk.

In the Green’s scheme they disguise the actual risk of the borrower. Then they propose to use the expensive machinery of the Local Government (Rating) Act 2002 which will involve Councils in recovering debts that they had nothing to do with loaning in the first place.

It’s bad policy to use the Local Government rating Act to do debt collections for central Government.

As I have said, it would be more honest just to subsidise the photovoltaic (PV) panels directly. But then it would be more clearly an election bribe.

For most homeowners the Greens' PV panel scheme will be bad economics. In November 2013 Consumer Magazine reported: “The economics of grid-tied PV don’t stack up – particularly when you include the lack of significant environmental benefits. Our calculations show that most grid-tied PV systems have negative net present value (NPV), which means you’re better off putting your money in the bank.”

The Green’s PV is also unnecessary. A few consumers are already doing this when it economically stacks up for them, and without Government assistance.

What’s more, at least one Lines Company, Vector is running its own Sungenie pilot scheme where it provides the panels and equipment at its cost.

The Greens have failed to make out a case where central government needs to get involved with PV panels.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Earth Day: Global March To Defend Science In NZ Saturday

The March for Science movement emerged in the immediate wake of President Trump’s inauguration as he moved quickly to curtail the power of the Environmental Protection Agency and limit the ability of government agencies to communicate scientific evidence.

Since then it has broadened to “champion robustly funded and publicly communicated science as a pillar of human freedom and prosperity”. More>>

'Opening The Election' Video: Nicky Hager And Mike Joy On Science, Spin, And Society

In two videos relevant to the March for Science from Scoop's 'Opening The Election' forum, Massey University's Dr Mike Joy spoke about promoting science in the face of government spin and journalist Nicky Hager offered a checklist of issues to promote for an open civil society. More>>

 

Health Workers Respond: People's Mental Health Report Released

The People's Mental Health Review reinforces a recent YesWeCare.nz survey of 6,000 health workers, which found nine in 10 believe they don't have the staff or resources to deliver the care Kiwis need when they need it. More>>

ALSO:

More Mental Health:


Energy: Greens Launch Plan For Cheaper And Cleaner Electricity

$112 million for winter warm-up payments to help low-income households cover their power bills • setting a goal for 100 percent renewable electricity by 2030 (in average hydrological conditions) • an investigation into the electricity wholesale market. More>>

ALSO:

Gordon Campbell: On The Aged-Care Settlement

Until yesterday, a National government has always been the sworn enemy of women seeking justice in the workplace, in the face of gender-based pay discrimination. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news