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.
‘All rights to go to the author of the news & image as mentioned above’
‘All rights go to the author of the news and image mentioned above’
Date: Jul 18, 2019 @ 09:20
Instagram Post Source: instagram.com/solar_edition
Media Type: image
Disclaimer: ‘all rights go to the author of the news and image mentioned above’, Solar Edition do not own the content and is distributing the information only for non-profit and educational reasons as a Solar Power Influencer.