However, New Zealand solar capacity of only 13 mW, representing only .1% of the country's electricity generation. Much of the underinvestment in solar energy can be attributed to the minimal support the industry has received: New Zealand has no legally mandated subsidies, feed-in tariffs or net metering.
Additionally, many power companies will not pay wholesale for domestic solar energy, and utility-scale installations remain virtually non-existent. PM John Key rejected a Green Party proposal for cheap loans for solar installations.
Nonetheless, the future of solar energy may be bright in New Zealand, for as solar technology edges closer to grid parity in New Zealand, there will be a greater interest from the general public.