We know that going electric can help reduce household bills, but the upfront costs are still a big barrier for many. Getting past that requires access to finance and that's now closer than ever.
As Rewiring Aotearoa's Mike Casey explains, Auckland, Tauranga, Hamilton, Wellington, Hutt City and New Plymouth District have all signed on as shareholding / founding councils for the Ratepayer Assistance Scheme, with EECA also chipping in to get the infrastructure set up.
Our policy manifesto ranked low-interest, long-term electrification loans that are tied to properties as the idea that would have the biggest impact on New Zealand's electrification ambitions - and on household bills. That's one part of this scheme, which has required a lot of hard worked from us, Local Government New Zealand and Local Government Funding Agency, so it's great to see so much support for it.
It means that households will be more easily able to do things like install solar, batteries and hot water heat pumps and they can pay the loan back over time or, depending on circumstances, when the property sells.
This is big news and it will unlock a lot of potential. Now it's time to build public momentum for this.
Political Power has gone local! Dr Nick Smith, mayor of Nelson and ex-National Party minister, is an early adopter when it comes to electric machines but, through his efforts with the council and his close involvement with the Ratepayer Assistance Scheme, he's also embracing one of Rewiring's core mantras: once you've electrified your own life, electrify someone else's life, too.
Read moreDownloadWhether it's the growing number of electric buses, new electric trains for the lower North Island and City Rail Link, or new electric ferries, we love seeing more electric transport options in our big cities. It's also good to see some of our smaller cities like Palmerston North, Timaru and Nelson going electric and, as is almost always the case, the drivers reckon it's better on electrons. At the Electrify Nelson expo, we spoke with one driver Lee about the city's electric buses. And he definitely wouldn't go back to diesel.
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