Once again the Green party has been found wanting on critical thought processes and policy design, launching a policy that simply won’t work and requires massive subsidies.
Consumer and EECA both think that the solution won’t work and now industry is lining up to mock the Greens.
The head of New Zealand’s largest renewable energy company is dismissing the economics of home-based solar, saying he “can’t follow” the numbers put forward by proponents.
Last week, ahead of the Green Party announcing a major loan scheme to subsidise solar installation through low-cost loans, Meridian chief executive Mark Binns said he could not understand why people installed them.
“I can’t follow the economics that are put forward by proponents of household solar in terms of returns as an investment,” Binns told Parliament’s commerce select committee.
“On our numbers, in our analysis, it is still probably not viable if you went to an accountant.” Read more »