Finance energy upgrade projects in your business

Last updated: 7 March 2021

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 about capital lease finance

Equipment loan (chattel mortgage) finance

A financier loans your business money to buy energy efficiency equipment.

Read about equipment loan finance

Hire purchase finance

A financier buys energy efficiency equipment for your business to hire and use.

Read about hire purchase finance

Operating lease finance

A financier buys energy efficiency equipment for your business to hire and use.

Read 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 about Energy Services Agreements

Environmental Upgrade Finance

A financier pays for environmental building upgrades. You pay it back over time through council rates.

Read 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 about Power Purchase Agreements

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.

Finance support

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.

Want to know more?

Get in touch with Sustainability Victoria's finance team who can help you through this process.