Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

New Zealand’s Growing Utilization of Solar Power

Solar power has come a long way since the first time someone decided to use magnifying glass to light a fire. Today, cars, houses, and even entire countries run off solar and other renewable energy sources. In NZ, upwards of 43% of the population use, or are aiming to use solar in the near future, to power their homes and businesses.

This exponential growth in solar power has meant that this once costly approach to renewable energy has become far more budget-friendly. It’s also meant an extension in the kinds of services and products solar companies can offer clients. Where previously it was rare to even find solar panels on a house used for powering basic appliances and hot water heaters, now, companies like Ecoefficient enable customers to use solar to power anything from appliances to underfloor heating, swimming pools, and even their cars. Solar panels and batteries can also be offered according to client needs, which means homeowners wishing to move over to solar power no longer have to make space and budget allowances for commercial sizes or prices. A further development that’s friendly on consumers’ pockets is that excess power can be sold back to the grid.

While it is unlikely that NZ will move over to solar power alone, since the country has access to valuable other renewable energy sources like wind and hydro, the increased popularity of solar is a welcome relief for the environment. The move to renewable energy is also important in the light of dwindling fossil fuel supplies, which currently still makes up two-thirds of the country’s main energy supply but which can no longer be sustained long-term. The exponential growth in NZ’s solar industry may soon see future generations’ households and businesses gaining and consuming energy in an entirely different way to what we are used to today.


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Reserve Bank: RBNZ To Implement $30bn Large Scale Asset Purchase Programme Of NZ Govt Bonds

The Monetary Policy Committee (MPC) has decided to implement a Large Scale Asset Purchase programme (LSAP) of New Zealand government bonds. The negative economic implications of the coronavirus outbreak have continued to intensify. The Committee ... More>>

ALSO:

Elevate NZ: Venture Fund To Lift Productivity

The Government’s new $300 million venture capital fund - announced in last year’s Budget – is now open for business as the Elevate NZ Venture Fund. Finance Minister Grant Robertson says lifting New Zealand's productivity requires well-functioning ... More>>

ALSO:


COVID-19: Case Confirmed In NZ – Expert Reaction

After spreading across the globe for months, the first case of COVID-19 has been reported in New Zealand. The Ministry of Health says the risk of a community outbreak is low, due to their preparedness and the high awareness of the disease. The Science ... More>>

ALSO:

Agriculture: New Legislation To Boost Organics

New organics legislation will boost consumer confidence and help grow an innovative sector, says Food Safety Minister Damien O’Connor. “The Organics Product Bill, introduced to Parliament this week, aims to increase consumer confidence when purchasing ... More>>

ALSO:

Biodiversity Policy: Misinformation Circulating

Forest & Bird is concerned at misinformation circulating regarding a policy statement aimed at protecting New Zealand’s unique biodiversity. The National Policy Statement for Indigenous Biodiversity is being consulted on by the ... More>>

ALSO: