Environmental Upgrade Finance

Can your business premises benefit from a new solar PV system or an upgrade to lighting or the HVAC (heating, ventilation, and air conditioning) system? If so, then you may want to consider Environmental Upgrade Finance.

What is Environmental Upgrade Finance?

Environmental Upgrade Finance is a long term, low interest loan to upgrade a building where the repayments are administered through your local council.

Environmental Upgrade Finance is a proven way for building owners to fund building upgrades.

An environmental upgrade to your business premises can:

  • improve the conditions for occupants
  • reduce utility bills and your business' carbon footprint
  • increase the resale or lease value of your property.

How to access Environmental Upgrade Finance

To access Environmental Upgrade Finance, an Environmental Upgrade Agreement (EUA) between the building owner, a lender and the local Council is put in place.

Moreland City Council is facilitating Environmental Upgrade Agreements (EUAs) with businesses that own or lease commercial, non-residential buildings in the municipality.

EUAs give building owners a way to:

  • protect themselves from rising energy prices and reduce operating costs
  • replace old and inefficient equipment with newer more efficient technologies
  • install rooftop solar PV without using upfront capital
  • free up cash flow by locking in competitive long-term rates.

Otto and Spike Case Study

Moreland’s first business to access Environmental Upgrade Finance is local family-run business Otto and Spike to install a 30kW solar system. The 111 panels spell out the business name on their Brunswick East roof.

 

Otto and Spike

Interested to learn more?

Visit the Moreland page of the Better Building Finance website to view the relevant documents and make an enquiry.