Australia’s first fossil-free superannuation fund Future Super will partner with peer-to-peer lender RateSetter to provide loans for clean energy projects, including rooftop solar and battery storage systems.
According to reneweconomy, RateSetter works as a peer-to-peer lending service, where anyone can provide funds that can then be loaned to households, or small-businesses looking to install a renewable energy system. Loan providers receive an amount of interest as the loan is repaid supported through savings achieved by the clean energy system.
While the installation of rooftop solar and storage can help households and businesses significantly reduce their energy costs, particularly as electricity prices continue to surge higher, the higher upfront cost can be a barrier to some households that would otherwise benefit from the savings provided over time.
Over $35 million in loans has been provided via RateSetter under the National Clean Energy Market program.
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Date: Jul 18, 2019 @ 09:20
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