Energy Finance Options
Knowing full well that money doesn’t grow on trees, Ecolease offers a number of finance options that will quickly convert the sun’s rays into money. We can help you save through using renewable energy to power your business and its profits. What’s more, your energy bill savings can potentially offset your monthly finance repayments, making this one of the smartest investments you will ever make.
What types of Energy assets will we fund?
Any asset types used in the production or consumption of energy (i.e. both demand and supply side assets) are eligible.
These include, but are not limited to:
- Heating, Ventilation, air conditioning (HVAC)
- Energy efficient & LED lighting
- Building management systems
- Gas turbines
- Co-generation (Combined Heat and Power – CHP)
- Tri-generation (Combined Cooling, Heat and Power – CCHP)
- Solar Photovoltaic (PV) **
- Wind turbines
- Energy efficient electric motors, pumps and fans
- Compressed air, variable speed drives
**Eligible assets also include the associated energy storage (e.g. batteries) and energy transformation (e.g. heat exchange, electrical transformers) components being installed with the main energy efficient assets.
Who can supply Energy Assets?
All energy asset suppliers and installers must be accredited. Please check with your Ecolease team member to determine if a supplier or installer is already accredited.
Can an installation occur on a leased property?
Yes, we will consider solar system applications if the applicant is renting/leasing their business premises.
Given tenants are responsible for paying the energy/utility bill, they are incentivised to install solar systems on the building roof to offset their electricity costs. The building owner may be incentivised to install solar as this enhances the building’s energy rating and often attracts a higher quality tenant (such as a government department) as well as potentially obtaining higher yields.
Can an installation occur on a strata titled property?
Yes, we can provide finance to strata plans to fund urgent repairs and major capital works including energy efficiency upgrades for solar systems and LED lighting.
Finance will allow owners to carry out work quickly with upfront funding, rather than waiting for funds to be collected through increases to sinking funds or special levies. It also reduces the immediate cost burden on owners to fund upfront large-scale works as monthly loan repayments can be spread into strata levies for up to 10 years.