Submitted by Rohit Seksaria on Saturday 27th August 2022
Published on Wednesday 31st August 2022
Current status: Closed
Closed: Tuesday 14th March 2023
Signatures: 284
Provide interest-free Renewable Energy Assistance Loan during energy crisis.
A win-win plan that gives immediate and long-term benefits:
Government to provide interest-free loans to homes for installing renewable energy equipment (solar panel, heat pump, retrofit).
This will reduce monthly utility bills for homes. The savings can repay the loan over 5-7 years.
A simple plan that benefits everyone:
Households – Immediate cash savings vs paying hefty bills to energy suppliers; less dependency on the grid; no-interest cost on buying expensive equipment.
Government – Reduction in inflation; the UK can become energy secure in a few years, also meeting its climate targets
Suppliers – They can buy excess energy from households at a low cost; they can work with the government in installation, maintenance, billing, and awareness-building.
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