Mike Casey

speaker

262 appearances 1 recordings 1 series first heard Jul 2026 last heard 5 Jul

Mike Casey’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.

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The Prosperity Project · The right way to electrify your home · 5 Jul 2026 podcast

But because we pay our power bills monthly and power bills are higher in winter...

Often people make the mistake of thinking that solar doesn't work particularly well.

It will still bring down your power bills in winter just by not as much.

And if you're using more energy in winter than you are in summer, then you're still going to be, you know, a reasonably moderately sized power bill for most homes in New Zealand.

Yeah, we've always used 5.5%.

That's what my modelers have chosen.

And I think that's just fairly reflective of the interest rate that people have been able to get historically on average.

It will go down, it will go up.

But one of the things that I have been fighting for massively is how is it that we can get longer term, lower interest finance out to the New Zealand people in order to make this far more economic?

And we're at the point now where if you can get a term for long enough on solar, if you could get a 30-year term, these upgrades are cash flow positive from day one.

And I think that's really exciting in a cost of living crisis to help bring down the cost of living for so many New Zealanders by essentially whacking panels on the roof.

That's exactly right.

So the savings are for many homes in New Zealand.

And again, the higher the electricity use you have, the more the savings are.

But the savings is enough to pay back those repayments and still give a family $1,000 a year.

So that is how remarkable it truly is.

Now, if you can afford to pay for it upfront, or you can get a 0% loan over five years from Westpac, you know, you're going to be probably slightly better off over that period.

But in actual fact, because you have to service all of that capital and all those interest repayments over five years, it ends up increasing your cost of living.

Whereas if you spread it over 30 years, you can actually create that positive cash flow from day one.

And so that's what I'm really excited about developing more for New Zealanders.

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