Ecolease Insights

Sydney, Australia, December 1, 2014 – Ecolease, a leading provider of equipment finance and emerging supplier of alternate energy finance solutions, recently sourced finance to enable Australian Visual Solutions (AVS) to invest in a large solar panel installation for their Head Quarters in Dandenong, Victoria.

Australian Visual Solutions is a leading supplier to the Australian print and signage industry, with operations nationwide and infrastructure based at their Dandenong facility.

 

Cameron Sutherland, CEO of AVS commented about the recent decision to install solar – “It is important to us that our main server and phone systems do not get affected by power failures and blackouts. The solar solution is not only good for the environment, it is also good business sense.”

AVS installed a 50kW system, which will provide for all the energy needs of their Dandenong operations. “This will hopefully save in excess of 90% of our electricity bills,” said Shaji Cheriyan CFO at AVS. “In principle, our investment will pay back in under 4 years, and the benefits should flow through for more than 20 years.Ecolease was founded with the vision of helping small to medium businesses access funding for alternate energy solutions and this has now become a reality as Ecolease have access to a range of lenders to provide finance for such equipment.

“It has taken 5 years to get to this stage where we have lenders that are willing to fund this type of equipment,” said Marian Taggart-Holland, Director at Ecolease. “When I first started Ecolease I was excited at the prospect of helping businesses access funding for solar and other alternate energy plant and equipment.”

“I am very excited that we now have a panel of lenders where we can source funding for our small to mid size business customers, for alternate energy equipment, along with all the other equipment and vehicle finance solutions.”

AVS has traditionally used Ecolease for financing its own equipment and printing equipment for customers. “Ecolease have always been a very good supplier to our industry for wide format printers,” commented Sutherland.

This solar finance was a new territory for the relationship, however Marian and the team at Ecolease did what they do best – understand the business, source the right finance provider and make the process as simple as possible.

Cheriyan attests to this, commenting, “As usual Ecolease understands the business needs and found the right lender. They were pretty quick, and always kept us in the picture with respect to pros and cons with various lending propositions.”

Sutherland concludes, “Interestingly, there is nice synergy in the fact that all our company overheads run through the solar panel install, and Ecolease provide finance for the solar, and all our other equipment.”

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