An Energy Services Agreement (ESA) is where an energy services company (ESCO) project manages the installation of energy efficient equipment for a business. In some cases, they can guarantee savings from the equipment.
The business pays monthly instalments to the energy services company or a bank, to pay off the equipment over the agreement period.
Project size: More than $100,000
You own the equipment
The service provider maintains the equipment for the first 12 months
You can claim tax on equipment depreciation
On the balance sheet
How to apply: Contact an energy service company (ESCO) or contact us.
Compare finance options
Your business’ creditworthiness may have an impact on finance availability and rates offered.
We advise you to always seek advice from your accountant and legal representative when entering financial agreements.
The Victorian Government offers businesses a discount on energy saving products that are installed by accredited Victorian Energy Upgrade providers. Check which energy saving products are registered for a discount.
The Clean Energy Finance Corporation is currently facilitating discounted financing for energy efficiency and renewable energy equipment upgrades through some of the major banks and financiers.
Visit the Victorian Energy Saver for a list of simple tips to save energy in your business.
Sustainability Victoria's finance team who can help you through this process.
Correct as at November 2019
Disclaimer: The information provided in this document is general advice only. It does not take into account your particular needs or objectives and does not constitute legal or accounting advice. Accordingly, any comments or statements made are not a recommendation that a particular course of action is suitable for you and you need to seek your own legal, tax and accounting advice in relation to your specific circumstances.