ASB Bank to Extend Solar Energy System Loan Program

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Commonwealth Bank of Australia (ASX:CBA) unit ASB Bank extended its SMART Solar Loan program until June 30, 2027, which provides up to NZ$150,000 interest-free for five years on solar and battery systems, according to a Thursday statement.

The program is supported by Power My Farm, an online tool developed by Prism Earth for ASB, which uses laser mapping to identify the best location for solar panels on farmland.

Commonwealth Bank's shares fell 1% in recent trading on Thursday.

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