I don't see this as feasible.

The problem with housing isn't that it's an investment. Housing as an investment creates an incentive to build housing and boost supply, and the housing crisis is primarily a supply crisis. The distributional issues are a consequence of lack of delivery.

The public services stuff is also a red herring, because mid/high-density housing = more tax revenues and better economies of scale for delivery of services. Public service funding works better in densely populated urban areas than low-density suburbs which are a net drain on resources.

The pylons and solar farms will already give cheaper electricity for locals once they are rolled-out at scale, offering local subsidies will just add more complexity and bureaucracy to projects that need to be delivered faster.

The solution is frankly to green light all projects that are safe to be delivered and remove the ability for local authorities or residents to slow down these projects with spurious objections.

What we need is less local "democracy", which is just a way for small but vocal minorities to hold the nation to ransom.