Zero cost solar locks in certainty to beat power prices

This week solarcity launched its solarZero service in Christchurch. St Albans resident Michael Peterson will be the first person in the South Island to install solar panels on his home, and pay for the power they generate rather than the panels. This smart new way to buy solar energy will allow Christchurch homeowners to buy solar power to support their daytime energy use for as little as $64 per month. A fee that includes design, installation, insurance, monitoring and performance guarantees. 

Founder and CEO of solarcity Andrew Booth commented "Christchurch is now facing the highest power prices it has ever seen. We know the cost of power has gone up by a staggering 51% in Christchurch over the last 10 years and it's showing no signs of slowing down. solarZero will give Christchurch families who are often overwhelmed by the rising cost of power some certainty around what they will pay each month. We can set a price for power generated from your roof at a rate below what's charged by your current power company, and then fix this rate for 20 years." 

Driving a rooftop revolution, the solarZero programme is how 70% of solar systems installed on homes and schools purchase their solar energy in North America. 

solarcity's solarZero program is backed by Sir Stephen Tindall's K1W1 investment and New Zealand Superannuation fund through Pencarrow. The goal of solarZero is to deploy clean energy and help Christchurch work towards the government's renewable energy goal of 90% renewable energy by 2025. 

To read more on solarZero as written by Scoop click here