The right way to electrify your home | The Prosperity Project

The right way to electrify your home | The Prosperity Project <!--mynz:youtube-chapters--> {"v":1,"chapters":[{"timeSeconds":0,"label":"Introduction to The Prosperity Project","summary":"Nadine Higgins introduces the show 'The Prosperity Project', a guide to financial empowerment."},{"timeSeconds":11,"label":"Solar panel installation costs","summary":"Installing solar panels is expensive, with only 3% of NZ households having them. The economics are changing as technology improves and costs decrease."},{"timeSeconds":37,"label":"Mike Casey's expertise","summary":"Mike Casey, founder of Rewiring Aotearoa, is introduced as an entrepreneur who built the world's first all-electric orchard."},{"timeSeconds":55,"label":"Economic shift in solar","summary":"Nadine asks Mike about the shift in the economics of solar, noting that installations are becoming cheaper and more accessible."},{"timeSeconds":113,"label":"Cost savings and payback periods","summary":"Mike explains that the cost of solar installations has decreased significantly, making them more accessible and cost-effective than grid electricity."},{"timeSeconds":152,"label":"Long-term financial benefits","summary":"Mike highlights that solar installations are becoming more affordable, with payback periods shortening, making them a sound financial investment."},{"timeSeconds":192,"label":"Factors influencing solar viability","summary":"Nadine asks about factors influencing solar viability, and Mike mentions that while upfront costs are high, the long-term savings and improved technology make it worthwhile."},{"timeSeconds":224,"label":"Cost comparison and future outlook","summary":"Mike explains that the cost of solar is now a fraction of grid electricity, and with rising energy prices, it's becoming increasingly attractive."}]} <!--/mynz:youtube-chapters-->