Jul 10, 2025
Media
Big news: long-term low-interest electrification loans one-step closer

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.

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