The Green party launched their now thoroughly discredited solar power plan on the weekend.
It involved ‘loans’ in order to buy and retro-fit your house with solar power. It is a bizarre policy that will directly undermine their support for the joint Green/Labour power policy, but that isn;t the worst aspect of the whole
Jamie Whyte, the new Act leader, explains.
â€śThe Greensâ€™ Energy Policy announced today shows how dangerous they are to the New Zealand economy,” says ACT Party Leader-Elect Jamie Whyte.
â€śCheap loans for solar panels are actually a dishonest subsidy.Â The subsidy is hidden in the terms of the loan.Â More honest would be to simply subsidise the panels, but in that harsh light people would see the policy for what it is – an election bribe ultimately funded by the taxpayer.
â€śPolicies of subsidising biofuels have failed around the world – economically and Â environmentally. There is no reason to think that subsidising solar panels will be any more successful.Â Read more »