Te Whakahiko i ngā Marae | the Electric Marae report
The savings from solar are very compelling on their own, but there are many who don’t want to invest because they may not be planning to stay in the home for very long. It’s a reasonable concern given the average time spent in a house is now just over five years. But a new paper shows that solar can be a good investment when it comes to house prices.
We have heard plenty of anecdotal evidence that solar has this effect, but the paper by Chad Harland and Yvonne Matthews called Power in the Pitch has put a number on it.
“Results show that solar homes are marketed through lifestyle, rural and quality cues rather than explicit sustainability framing, suggesting that PV is bundled with broader amenity signals rather than positioned as a distinct attribute. PV-equipped homes command an average sale price premium of 1.34%, with no significant difference in days on market. Effects do not vary with solar irradiance or local solar penetration, indicating limited salience of site-specific energy benefits in buyer decision-making.”
As Kristy Hoare from MySolarQuotes wrote:
“On a $900,000 home that’s over $12,000 - approximately the initial cost of a 6kW system. And that’s before you factor in the power savings while you’re living there. This matters for the solar industry because we hear this all the time: 'I’m not planning to stay here long-term, so what’s the point of going solar?' If solar is a capital improvement, not just a bill saver, that objection starts to fall apart.”
Rewiring Aotearoa's Matt Newman: "For marae, however, there aren't a huge amount of places where they could turn to unless they're engaging professional services around electrification. We know that that hasn't often been in the funding piece either. You know, funders will happily fund upgrades for marae, but they won't fund the due diligence that's necessary to support marae in making really good decisions for the long-term future."
Read moreDownloadRewiring Aotearoa CEO Mike Casey told Andrew Dickens plug-in solar is a simple process, which many countries including the US, UK, and places across Europe have made the most of. Labour's policy is similar but says changes to enable plug-in solar would be within 12 months of a government it leads taking office.
A shocking increase in the power bill for a marae that converted to solar energy has raised concerns about installers and regulation. The monthly power bill for Taranaki's Owae Marae has rocked to as much as $2000 a month, up from about $400. That's despite installing a solar system on its wharekai to save money. Matt Newman from Rewiring Aotearoa spoke to Lisa Owen about this issue and our new Electric Marae report.
