Our Sustainable Homes programme offers homeowners throughout Hawke's Bay an opportunity to improve the health of their homes – by installing clean heating, insulation, solar power systems, double glazing, water storage and septic tanks.
Eligible ratepayers can borrow up to $20,000 at 6% from the regional council and repay this over 10 years by way of a voluntary targeted rate (VTR).
This scheme pays for itself as Council is borrowing up to $13 million to help these homes be more sustainable, so it will only be a cost to the ratepayers it benefits.
This programme complements the current Heatsmart programme that subsidises funding for the replacement of domestic wood burners.
Planned programme outcomes
To access the funding, homeowners / ratepayers need a good HBRC rate payment history, and no existing voluntary targeted rate (VTR). VTRs can however be combined to include the balance of a previous VTR into a single VTR (one per property) working as a sustainable homes combination up to $20,000.
HBRC approval may be withheld if there is evidence that adding the repayments will cause hardship, as per the guidance of the Consumer, Credit and Finance Act Amendment for responsible lending.
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