Energy-efficient equipment hire purchase finance for business
Overview
The Sustainable Finance for Energy Solutions scheme assists Victorian businesses take up hire purchase finance to hire and use renewable or energy-efficient equipment.
Hire purchase is a contract where a financier buys renewable or energy-efficient equipment for a business to hire and use. At the end of the lease, the business has the option to buy the equipment.
Always seek advice from your accountant and legal representative when entering into financial agreements.
Benefits
- reduce energy use and energy bills
- reduce greenhouse gas emissions
- no upfront capital or security
Key eligibility
Hire purchase finance is suitable for businesses that want to invest in equipment with medium value or lifespan.
Other conditions may apply.
Next steps
Check your eligibility:
Victorian Government website
Find a service provider.
