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#mortgage#active#equity#requirement#don#money#percent#households#access#green

Discussion (4 Comments)Read Original on HackerNews

JumpCrisscrossabout 4 hours ago
"only about 20 percent of households had access to green loans from banks to do so, because they often require sufficient equity in a house and for the homeowner to have an active mortgage."

I get the equity requirement. But why an active mortgage?

_aavaa_about 1 hour ago
I think the idea is that if you don’t have an active mortgage then you have a lot more money available than someone with a mortgage, so money isn’t as much of a barrier for those people to put up the panels.
billybuckwheatabout 4 hours ago
I don't get the active mortgage requirement either and I live in NZ.
kneyedabout 2 hours ago
Tim Sparks, at the Electricity Authority!?