The Country Housing Authority loan programme has been made available to eligible pastoralists and farmers to finance 50 per cent of the cost of installing renewable energy generating equipment.
A rebate of 50 per cent of the capital cost of renewable energy power systems is already available to eligible projects. The WA Office of Energy administers this rebate.
The Country Housing Authority can arrange to finance the complete project with the rebate being paid direct to the CHA on completion of the project installation. The loan will then be reduced by the rebated amount.
Information, application forms and general information on renewable energy RAPS systems, are available from the Office of Energy 9th Floor Governor Stirling Tower 197 St Georges Terrace, Perth, WA, 6000, Phone (08) 9420 5600, internet site http://www.sedo.energy.wa.gov.au/
The Country Housing Authority assistance will be in the form of an advance at housing loan interest rates and conditions, secured by a mortgage. The interest rates are currently 4.99 per cent (effective 19/05/2009) and the loan term is usually 20 years. Pastoralists and Farmers will need to demonstrate their ability to service the loan and provide security by way of a mortgage.
Information and application forms for loan assistance are available from the Country Housing Authority, Level 2, 28 Kings Park Road, West Perth WA 6005, phone (08) 6213 8200 and fax (08) 6213 8288.
