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Whakahoki utu mō Retrofit Your Home

Retrofit Your Home repayments

How the repayments work

You will repay this assistance, with interest charges, over nine years through a targeted rate included on your property rates bill.

We add this targeted rate to your rates on 1 July each year.

Your Retrofit Your Home payments share the same repayment dates as your rates instalments:

  • August
  • November
  • February
  • May.

See your rates notice for actual dates each year.

If you sign up for direct debit, the assistance is included in your payments.

Repayment schedule

This table is a guide only and will give you an idea of your repayments. There are many variables that influence your repayment amounts. The increase in your rates will not start until 1 July.

​Assistance amount (includes GST)​​Approximate yearly payment (includes GST)​​Approximate payment per quarter (includes GST)​​Nine-year total (including interest and GST)
​​$1000​​$161​​$40​​$1451
​​$2000​​$322​​$81​​$2902
​​$3000​​$484​​$121​​$4354
​​$4000​​$645​​$161​​$5805
​$5000​​$806​​$201$​7256

In addition to repayment through your property rates, you can make extra payments to repay the assistance earlier. There are no early repayment charges or penalties.

What your property rates notice will show

We generate rates notices in July.

The Retrofit Your Home charges will be displayed on your property rates notice for the full rating year.

Once we add the repayment to your rates, it will appear in your rates notice.

The Loan Value is the GST inclusive balance at 30 June each year. The Rate (not the rate of interest) is used to calculate the targeted rate for the year.

Six-monthly balance statements

When you receive a statement in the post, it is for your records only.

If you have any questions, email us at retrofit@aucklandcouncil.govt.nz.

Early repayment

Early repayments will not incur any charges or penalties. To make an early repayment, email: retrofit@aucklandcouncil.govt.nz

When you sell your house

If you sell your house with an outstanding amount owing on your repayment plan, you must:

  • tell the buyer about the existence of the targeted rate
  • include a written provision in any sale agreement recording that disclosure
  • notify our Retrofit Your Home programme team.

You may also arrange to pay the outstanding Retrofit You Home amount in full.

 Related topics

 

 

Cancel your application for Retrofit Your Home financial assistancehttps://www.aucklandcouncil.govt.nz/property-rates-valuations/apply-assistance-heat-insulate-home/Pages/cancel-application-for-retrofit-your-home.aspxCancel your application for Retrofit Your Home financial assistanceFind out how and when you can cancel your application for Retrofit Your Home financial assistance.aspx
Retrofit Your Home – Finance to help make your home warmer, healthier and cheaper to runhttps://www.aucklandcouncil.govt.nz/property-rates-valuations/apply-assistance-heat-insulate-home/Pages/retrofit-your-home-repayable-financial-assistance.aspxRetrofit Your Home – Finance to help make your home warmer, healthier and cheaper to runFind out if you can get financial assistance to heat or insulate your home through our Retrofit Your Home programme.aspx