Fuseworks Media (21 January 2014) has reported on the 250 Palmerston North homes that have received insulation through The Warm Up Palmy home insulation scheme.
Palmy ratepayers who were unable to afford the up front funds for home insulation were welcome recipients of The Warm Up Palmy scheme.
Palmerston North City Council have contributed to the scheme an amount of up to $2,600 by way of advance. The sum plus interest is then repaid over the next nine years via a voluntary targeted rate on their rates bill. Energy Efficiency and Conservation Authority (EECA) also contributes to the scheme.
Mayor Jono Naylor has commented on the success of the scheme saying the council has been able to help 250 local families stay warm this winter.
Pat Cronin, the Council's sustainability coordinator, said that the ECCA has provided $260,000 in subsidies together with the Council allocating $500,000.
She said that voluntary payments will begin during 2013/14 for a third of the participants. The remainder will start rate payments for their home insulationfrom July 2014.
If participants have not fully paid off their loan and intend to sell their home, the balance can be transferred to new owners or they can pay the remainder off in full upon sale.
The scheme is now closed.