There are a range of finance options that can help pay to upgrade to more energy efficient equipment or install renewable energy.
Often these finance options improve short-term cashflow.
Traditional finance
Traditional finance is typically provided by major banks and financiers who offer equipment finance such as loans or leasing agreements.
- Capital lease finance: A financier buys energy efficiency equipment for your business and you pay it back over time.
Read more about capital lease finance > - Equipment loan (chattel mortgage) finance: A financier loans your business money to buy energy efficiency equipment.
Read more about equipment loan finance > - Hire purchase finance: A financier buys energy efficiency equipment for your business to hire and use.
Read more about hire purchase finance > - Operating lease finance: A financier buys energy efficiency equipment for your business to hire and use.
Read more about operating lease finance >
Innovative finance
Innovative finance often involves a third party but don’t always involve a bank or a financier. This type of financing can be more unique to your business, which often makes it more complex.
- Energy Services Agreement: A service provider installs energy efficiency equipment for your business and you pay it back over time.
Read more about Energy Services Agreement > - Environmental Upgrade Finance: A financier pays for environmental building upgrades. You pay it back over time through council rates.
Read more about Environmental Upgrade Finance > - Power Purchase Agreement (behind the meter): ‘Behind the meter’ is a model of a Power Purchase Agreement where an energy provider installs renewable energy equipment on your business’ site. You then pay a predetermined rate of electricity over time.
Read more about Power Purchase Agreement >
Get recommendations for an energy upgrade
We’ve created a tool to take the guess work out of finding the right upgrade opportunities and relevant funding options for your business.
Our tool can:
- find common energy upgrade opportunities relevant to your business
- uncover potential savings and return on investment
- view grants, incentives and finance to help fund the upgrade
- build a business case to support future upgrade projects, or to obtain an audit in future.
Use the energy upgrades tool >
Want more?
If you’re looking to invest in energy efficiency or renewable energy, but want some guidance through the finance process, get in touch with us.
We offer a free finance service to all businesses, property owners, councils and community groups in Victoria.
We can guide you:
- to find the right finance option for you
- through the application process
- to build a business case.