SolarZero goes into liquidation as solar panel ownership becomes cheaper in New Zealand

SolarZero, New Zealand's largest solar power company, has gone into liquidation due to financial losses. This leaves many customers uncertain about their solar power systems. The government is reviewing over $100 million from its Green Investment Fund allocated to the company. An advocacy group states that owning solar panels is now cheaper than leasing them. The group's CEO noted that while SolarZero helped popularize solar energy, changing market conditions have made its business model unsustainable. Currently, only 3% of New Zealand homes have solar panels, compared to 35% in Australia. The CEO emphasized the need for regulatory improvements to boost solar adoption in New Zealand.