The Green solar energy policy of a slightly lower interest rate on loans for solar power would reduce loan repayments by around $2 a week.
I am very sceptical that a huge number of people will decide to take out a $10,000 to $15,000 loan to save $2 a week.
But let us be generous. Let’s say that the $2 a week saving will result in twice as many people deciding to install solar power. What sort of increase is that?
Well currently there are 40 to 50 installations a month. So we will be generous and say an extra 50 a month or 600 a year.
Yet the Greens claim there will be an extra 10,000 a year. Yes they claim their $2 a week reduction in interest rates will result in a 2000% increase in solar panel installations.
If you believe that, I have a bridge for sale.
Tags: Greens, solar power