Despite all the nay sayers and discreditors, who have held back the Australian solar industry over many decades, this nation has the highest per capita uptake of solar panels in the world. 15% of Australian households have solar panels on their roofs, according to Energy Minister Josh Frydenberg quoted on the ABC’s Q&A. The fact that it has taken us this long to achieve this is actually a disgrace because we were world leaders back in the 1950s. The CSIRO created the world’s first solar hot water system. Of course, as per usual Australian governments and business did not properly invest in the research and development to drive this industry earlier.
Lenders Are Keen to Offload Money in This Low Interest Climate
Now, however, solar loans set sail toward the future with plenty of financial institutions getting onboard. When the timid and conservative finance sector finally get involved, you know that something is a sure and safe bet in Australia. The lenders are, in fact, pretty desperate to offload money in this prolonged low interest rate climate. They are keen to have as many attractive financial products in their portfolios as possible. Customers of many different persuasions are being tempted with tailor made products packaged to appeal to their particular sector.
Australian Government Failing on Climate Change
However, all cynicism aside it is great to see the money lenders encourage their borrowers to do the right thing. Seeing the sunny side of solar loans it is a good thing for the country. We have a federal government controlled by vested interests in this country and totally unable to meet the challenge of climate change on this basis. Fossil fuel businesses are nobbling the will of the Australian electorate via their control of the Liberal National coalition. Therefore, it is up to businesses to lead the way without government leadership on climate change before it’s too late.
Solar Power an Important Part of the Renewable’s Mix
Solar power is an important part of the alternative energy mix in this nation right now. Solar loans will continue to expand this shift toward renewables in the energy sector. Australia will soon be regarded internationally as a pariah due to its failure to commit to net zero emissions by 2050. The EU will shortly begin imposing tariffs on Australian exports because of our failure to adequately do something about our emissions in the here and now. The writing is on the wall for Australians thinking they can stick their heads in the sand and ignore the rest of the world on climate change.