{"id":1984,"date":"2012-10-08T06:49:41","date_gmt":"2012-10-07T20:19:41","guid":{"rendered":"http:\/\/www.solarquotes.com.au\/blog\/?p=1984"},"modified":"2017-10-25T10:22:04","modified_gmt":"2017-10-24T23:52:04","slug":"commonwealth-bank-spending-your-money-on-solar","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/commonwealth-bank-spending-your-money-on-solar\/","title":{"rendered":"Commonwealth Bank spending your money on solar?"},"content":{"rendered":"<p><a href=\"https:\/\/www.solarquotes.com.au\/blog\/commonwealth-bank-spending-your-money-on-solar\/can\/\" rel=\"attachment wp-att-1988\"><img decoding=\"async\" class=\"aligncenter size-full wp-image-1988\" title=\"can\" src=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2012\/10\/can.jpg\" alt=\"cba logo with our additions\" width=\"560\" height=\"224\" \/><\/a><\/p>\n<p>The purchase of the Southern Hemisphere\u2019s largest tracking solar power plant in Alice Springs raised a few eyebrows this week, garnering a bit of rare (but much-needed) good publicity for the venerable Commonwealth Bank along the way.<!--more--><\/p>\n<p>The CBA of course was one of the big five banks who got Treasurer Wayne \u201cKnuckles\u201d Swan all hot under the collar this week for not passing on the full Reserve Bank interest rate cut of twenty five basis percentage points. The big banks, as is their want these days, mumbled and ummed and ahhed and tried to convince punters that their billion dollar profits didn\u2019t reflect how well they were travelling financially. According to the big bank executives, they are, in fact, \u00a0poorer than country mice with a nasty drug habit.<\/p>\n<p>But I digress folks&#8230;<\/p>\n<p>This week the Commonwealth Bank put its (or our) money where its renewable mouth is and financed the buying of the Uterne power plant in <a href=\"https:\/\/www.solarquotes.com.au\/installers\/alicesprings\/\">Alice Springs<\/a>. The one-megawatt, three thousand panel station, which has been operating for one year, has been sold to the Australian-based alternative energy company Epuron.<\/p>\n<p>Dare I say hats off Commonwealth Bank? After all renewable energy projects in Australia are largely in the hands of the bankers. Investors in large-scale solar power plants realise that government promises for financial support of Australia\u2019s renewables industry does for reliability what an Alan Jones finishing school does for common decency.<\/p>\n<p>Will this be the impetus projects such as the solar tracking plant need for other financial institutions to start financing renewables project such as solar farms?<\/p>\n<p>The Epuron press release of 3 October certainly gives this idea the nudge stating that the \u201cCommonwealth Bank, Australia\u2019s leading provider of integrated financial services, has provided project financing, making it the country\u2019s first major bank to support a solar project of this size.\u201d<\/p>\n<p>So next time you shake your fist at the latest news item or worthy study showing big banks passing on Reserve Bank interest rate rises faster than you can say \u201ctaxpayer bailout\u201d \u2014 but then being loathe to pass on full cuts (if at all) \u2014 draw at least some comfort in knowing that the Commonwealth Bank is putting at least some of that money they haven\u2019t passed on to mortgage holders back into the country\u2019s renewable energy projects.<\/p>\n<p>Amen to that&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The purchase of the Southern Hemisphere\u2019s largest tracking solar power plant in Alice Springs raised a few eyebrows this week, garnering a bit of rare (but much-needed) good publicity for the venerable Commonwealth Bank along the way.<\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[56],"tags":[36,346],"class_list":["post-1984","post","type-post","status-publish","format-standard","hentry","category-economics","tag-australia","tag-commercial-solar","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Commonwealth Bank spending your money on solar? - SolarQuotes Blog<\/title>\n<meta name=\"description\" content=\"The purchase of the Southern Hemisphere\u2019s largest tracking solar power plant in Alice Springs raised a few eyebrows this week\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.solarquotes.com.au\/blog\/commonwealth-bank-spending-your-money-on-solar\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Commonwealth Bank spending your money on solar?\" \/>\n<meta property=\"og:description\" content=\"The purchase of the Southern Hemisphere\u2019s largest tracking solar power plant in Alice Springs raised a few eyebrows this week\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.solarquotes.com.au\/blog\/commonwealth-bank-spending-your-money-on-solar\/\" \/>\n<meta property=\"og:site_name\" content=\"SolarQuotes Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SolarQuotes\/\" \/>\n<meta property=\"article:published_time\" content=\"2012-10-07T20:19:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-10-24T23:52:04+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2012\/10\/can.jpg\" \/>\n<meta name=\"author\" content=\"Staff Writer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@solar_quotes\" \/>\n<meta name=\"twitter:site\" content=\"@solar_quotes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/commonwealth-bank-spending-your-money-on-solar\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/commonwealth-bank-spending-your-money-on-solar\/\"},\"author\":{\"name\":\"Staff Writer\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/#\/schema\/person\/cdfada92425341cb1b48bf0bcfa1feb7\"},\"headline\":\"Commonwealth Bank spending your money on solar?\",\"datePublished\":\"2012-10-07T20:19:41+00:00\",\"dateModified\":\"2017-10-24T23:52:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/commonwealth-bank-spending-your-money-on-solar\/\"},\"wordCount\":398,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/commonwealth-bank-spending-your-money-on-solar\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2012\/10\/can.jpg\",\"keywords\":[\"australia\",\"commercial solar\"],\"articleSection\":[\"Economics Of Solar\"],\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.solarquotes.com.au\/blog\/commonwealth-bank-spending-your-money-on-solar\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/commonwealth-bank-spending-your-money-on-solar\/\",\"url\":\"https:\/\/www.solarquotes.com.au\/blog\/commonwealth-bank-spending-your-money-on-solar\/\",\"name\":\"Commonwealth Bank spending your money on solar? 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The CommBank Green Loan will be available to Commonwealth Bank home loan customers to purchase\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Commbank green loan","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/02\/commonwealth-solar-loan.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/02\/commonwealth-solar-loan.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/02\/commonwealth-solar-loan.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/02\/commonwealth-solar-loan.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/02\/commonwealth-solar-loan.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":32715,"url":"https:\/\/www.solarquotes.com.au\/blog\/commbank-solar-cashback-mb1173\/","url_meta":{"origin":1984,"position":1},"title":"CBA Offers Home Loan Customers Cash Back For Solar Installations","author":"Michael Bloch","date":"August 14, 2019","format":false,"excerpt":"If you're a Commonwealth Bank home loan customer who has installed a solar power system (or are about to), you may be eligible for $500 from the bank. Commonwealth Bank says it is rewarding home loan customers who\u2019ve made their home more energy efficient through installing solar panels. As always\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Commonwealth Bank solar cashback","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/08\/commonwealth-solar-cashback.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/08\/commonwealth-solar-cashback.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/08\/commonwealth-solar-cashback.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/08\/commonwealth-solar-cashback.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/08\/commonwealth-solar-cashback.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":20510,"url":"https:\/\/www.solarquotes.com.au\/blog\/bank-finance-fossil-fuels-mb0529\/","url_meta":{"origin":1984,"position":2},"title":"Big Banks Continuing To Fund Climate Crisis","author":"Michael Bloch","date":"April 3, 2018","format":false,"excerpt":"A report released last week reveals the world's big banks increased \"extreme\" fossil fuel financing last year, but there was a glimmer of silver lining on the coal black clouds hanging over Australian banks. The report, Banking on Climate Change 2018, ranks 36 major banks on their policies and financing\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Banking on Climate Change","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/04\/fossil-fuel-banking.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/04\/fossil-fuel-banking.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/04\/fossil-fuel-banking.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/04\/fossil-fuel-banking.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":73674,"url":"https:\/\/www.solarquotes.com.au\/blog\/cba-green-finance-mb2901\/","url_meta":{"origin":1984,"position":3},"title":"CBA Launches Green Asset Finance Solutions For Businesses","author":"Michael Bloch","date":"April 18, 2023","format":false,"excerpt":"A new green asset finance solution on offer from the Commonwealth Bank of Australia (CBA) for businesses is providing a discount of up to 1 per cent off the standard rate for qualifying equipment. CBA's Green Vehicle and Equipment Finance is now available for assets including: Electric cars, trucks and\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Green finance from the Commonwealth Bank","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/04\/cba-green-finance.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/04\/cba-green-finance.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/04\/cba-green-finance.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/04\/cba-green-finance.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/04\/cba-green-finance.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":52368,"url":"https:\/\/www.solarquotes.com.au\/blog\/commbank-green-loan-mb2091\/","url_meta":{"origin":1984,"position":4},"title":"CommBank Expands Low-Interest Green Loan Facility","author":"Michael Bloch","date":"July 27, 2021","format":false,"excerpt":"More Commonwealth Bank home loan customers wanting to go solar but without the up-front cash to do are now eligible for the bank's Green Loan. The CommBank Green Loan kicked off under a pilot program earlier this year, and is now available to up to 600,000 of the bank's home\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Commbank Green Loan","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/07\/commbank-solar-loan-3.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/07\/commbank-solar-loan-3.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/07\/commbank-solar-loan-3.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/07\/commbank-solar-loan-3.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/07\/commbank-solar-loan-3.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":2577,"url":"https:\/\/www.solarquotes.com.au\/blog\/solar-farms-a-good-investment\/","url_meta":{"origin":1984,"position":5},"title":"Solar Farms Are A Good Investment &#8211; And That&#8217;s Official!","author":"Staff Writer","date":"June 3, 2013","format":false,"excerpt":"\u00a0 It can get a bit tiring sitting here at SQHQ listening to the solar narks peddling the age old line that \"solar is completely uneconomic and will destroy our precious mining economy\". 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