Rebates and assistance

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Building finance for environmental upgrades

Overview

The Victorian Environmental Upgrade Finance offers a free finance facilitation service to all businesses, property owners, tenants, councils and community groups seeking to invest in energy efficiency upgrades, renewable energy, water and waste efficiency improvements.

Entities can be assisted with Environmental Upgrade Finance (EUF). An EUF is an agreement between a property owner, a bank and local government that helps tenants and building owners pay for energy efficiency upgrades, renewable energy, water and waste efficiency improvements through their council rates.

Benefits

Financial

Fnancial benefits for businesses may include:

  • zero upfront capital and no additional security requirements
  • competitive interest rates fixed for up to 10 years or more, with reduced re-financing risk
  • improved cash flow, with lower annual repayments offset by energy cost savings
  • option to share costs, delivering a better asset for the owner
  • lower costs.

Environmental

Environmental benefits for businesses may include:

  • savings in energy, water and waste costs
  • reductions in energy, water and waste use
  • reduced greenhouse gas emissions
  • improved working environment for tenant.

Eligibility

To be eligible for an Environmental Upgrade Finance (EUF) you must be living within a participating council municipality. Not all councils offer EUF, to see if your council does check the map of participating councils.

Other conditions may apply.

Next steps

Check your eligibility and apply at the Victorian Government website or call 03 8626 8781.