CEFC-Westpac scheme to help business adopt solar

October 11, 2016 Solar Power

Running a business has never been so expensive, however, the Clean Energy Finance Corporation are partnering with Westpac to offer a new loan facility that will help Australian businesses to invest in solar, battery storage, energy efficient technologies and electric vehicles .

Earlier this year it was confirmed that the Westpac Energy Efficient Finance Program will use $200 million from the CEFC, to offer finance leases, commercial loans and commercial hire purchase finance for qualifying renewable energy and energy efficient technologies, as well as low emissions vehicles.

Eligible projects include; rooftop and off-grid solar PV; battery storage and solar thermal; installation of energy efficiency equipment; low emissions vehicles; energy efficiency retrofits or upgrades; and energy-from-waste.

The program is designed to assist customer from various sectors including aged care, agribusiness, education, and health. There will be state and local government funding with 0.7 percent per annum available to go towards the finance for qualifying projects. The finance, which is for up to 100 percent of the project cost, is available for terms of up to 10 years for individual projects starting at $15,000.

Businesses opting to use the financing program will be guided on which is the best technology to invest in by energy services company Verdia. Clements care and have the expertise to allow commercial operators to access this funding with a proven track record in HVACR energy efficiency improvement together with solar and battery storage solutions. Call us now on 4932 3833 to find out more.

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