An operating lease is a commercial finance product that enables a financier to purchase energy efficiency equipment and then rent it to your business.
Operating lease is a contract where a financier buys renewable or energy efficiency equipment for a business to hire and use.
Project size: More than $7500
You do not own the equipment
The financier maintains the equipment
Not on the balance sheet, but you can claim tax on lease payments
How to apply: Most major banks and financiers offer operating lease financing. Contact your bank to find out more.
Your business’ creditworthiness may have an impact on finance availability and rates offered by the financier.
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.
We advise you to always seek advice from your accountant and legal representative when entering financial agreements.
For a list of simple tips to save energy in your business, visit the Victorian Energy Saver website.
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.