Someone at the Messenger newspaper got their calculations wrong which caused City of Mitcham Mayor to make false statements about the Solar City scheme proposed by mayoral candidate, Dr Heather Holmes-Ross. Independent financial analysis shows that the scheme could be implemented and administered for around $80,000 rather than the $54 million suggested by the Messenger.
The Solar City scheme, which is similar to schemes run by City of Adelaide and Darebin Council (Vic) allows residents to install solar PV using loans from a fund of money borrowed by council. The loans are repaid to the fund from savings made on residents' power bills, which can then be loaned to other residents.
Residents most likely to take up the scheme are those who can not afford the upfront cost of solar installation, in particular, the elderly on fixed income, families and young home owners. These are the vulnerable residents Mr Spear purports to protect, but unfortunately his reliance on incorrect reporting has caused him to misunderstand an idea which, rather than costing the rate payer, would save them money.
The Messenger Hills & Valley Messenger and Eastern Courier reported that if 75% of Mitcham's 26,000 residences installed a 1.5 KW system costing $2790, this would cost the council $54 million. However the pivotal point of the Solar City scheme that the cost is not to the council, but rather to the residents who choose to take up the solar scheme.
Independent analysis shows that over 10 years a pool of $1 million would allow almost 800 residents to install a 5 KW system costing $5700. This assumption allows for a 5 year loan repayment period and includes an additional $1900 saving to the resident over that period. Council would incur no cost other than the implementation cost referred to above.
Authorised by Heather Holmes- Ross, 254 Main Rd, Blackwood #voteforheather #heatherformayor2018 #heatherformitcham #vote1forHeather #endpoverty #savetheplanet #totallylocallyblackwood #mitchamcouncil #artisancafeblackwood #blackwoodsa #mitchamsa #cityofmitcham #winner
# #cityofmitcham #savetheplanet #sustainableliving #solarpower