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Green Roofs
The Greens want to establish a government-run Green Roofs finance scheme to provide households with interest-free loans to buy and install solar or high efficiency gas hot water systems and water tanks at no up-front cost. The aim is to install half a million water tanks across Sydney by 2015 and 2.6 million homes with solar or high efficiency gas hot water systems by 2022.
Background
Upfront costs are a major barrier to more energy efficient water heating systems for many households. The Greens want to remove the financial obstacles stopping people from installing low greenhouse water heating.
Under our plan, with a helping hand from the state government every home in NSW can improve its greenhouse performance and reduce its energy bill.
The Greens’ target is 1 million roofs with solar hot water. We can keep monthly repayments at $16.50. We are also aiming for 1.6 million high efficiency instantaneous gas water heaters, with monthly repayments set at $7. These would also be installed at no up-front cost to the consumer.
A government-run finance
scheme will allow consumers to pay off the water-heating unit over the
course of its life. Existing rebates, which will be maintained and increased,
will reduce monthly payments. For solar hot water, the government
would back the public’s commitment to lowering their emissions by
covering the interest on these loans.
Details |
Cost |
Totals per annum |
Finance packages to 1 million homes to go solar for their hot water |
|
130 million |
|
$1700 Rebates |
$115 million |
|
|
Cost of finance on consumer loans |
$15 million |
|
Finance packages to 1.6 million homes to move to high efficiency gas hot water |
|
$40 million |
|
$300 Rebates |
$34 million |
|
|
Cost of finance on consumer loans |
$6 million |
|
Total Cost of Package |
$170 million | |
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