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.

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.

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

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.

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.

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

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