The Labour Party has announced plans to install solar one 1.75 million homes as part of a huge energy sector shake-up.

The plans would see solar installed on 1 million social homes in a bid to tackle fuel poverty, while a series of interest free loans, grants and regulatory changes will help enable an additional 750,000 domestic installs.

Full details of the plans are to be announced by Labour Party leader Jeremy Corbyn later today.

The party said the policies stood to create nearly 17,000 jobs, while raising as much as £66 million for local authorities through the export of surplus generation.

Corbyn said that the party’s self-styled Green Industrial Revolution would benefit homeowners and revive parts of the country through the creation of new industries.

“By focusing on low income households we will reduce fuel poverty and increase support for renewable energy. Social justice and climate justice as one. Environmental destruction and inequality not only can, but must be tackled at the same time,” he said.

The industry has strongly welcomed the plans, with Solar Trade Association director Leonie Greene arguing that climate change had emerged as a critical issue for all modern political parties.

Read more: Solar Power Portal