Hire purchase is a contract where a financier buys renewable or energy-efficient equipment for a business to hire and use. At the end of the lease, the business has the option to buy the equipment.
Project size: More than $7500
You don’t own the equipment until the final repayment has been made
You’re responsible for maintenance
Claim tax on:
One the balance sheet
How to apply: Most major banks and financiers offer capital lease financing. Contact your bank to find out more.
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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.