Mar 25, 2026
RNZ
Media
Local govt financing tool for households

A finance scheme that would let homeowners spread the cost of rates and capital costs like solar panels over up to 30 years, could be in place by early next year.

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The work is being led by Local Government New Zealand - which with several councils and the Energy Efficiency and Conservation Authority - is working on putting into place towards the end of the year a Ratepayer Assistance Scheme.

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The scheme would be funded by central and local government support and offer loans at lower interest rates than commercial banks.

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While at the same time it would be kept off council balance sheets to protect debt limits, while still allowing more housing growth as development levies could also be financed.

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The project has also been supported by electrification advocates Rewiring Aotearoa for finance to cover conversions to electric appliances and household renewable energy - such as solar panels.

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Scott Necklen is chief executive at LGNZ and is leading this work.

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Read moreDownload the document here

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