Rebates and assistance

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Energy-efficient equipment performance contracts for business

Program name
Sustainable Finance for Energy Solutions

Overview

The Sustainable Finance for Energy Solutions scheme assists Victorian businesses take up an Energy Performance Contract. An Energy Performance Contract is where a service provider installs energy efficiency equipment for a business and guarantees a return on investment. The business pays it back over time. The service provider may pay for the installation of equipment.

How it works:

  • Find an energy service company (ESCO). A good place to start is the Energy Efficiency Council’s list of providers.
  • The energy company gets funding from a bank or financier, who pays for your energy efficiency upgrade.
  • You make monthly payments to the energy company or the financier.
  • If you don’t get the savings you were expecting, the energy company will pay the shortfall.
  • At the end of the agreement, you’ll own the equipment.

It’s advised to always seek advice from your accountant.

Benefits

  • reduce energy use and energy bills
  • reduce greenhouse gas emissions
  • no upfront cost or security

Key eligibility 

To be eligible for assistance, your business:

  • should be a large businesses with high-energy use (the service provider installs equipment of more than $500,000 in value)
  • premises should be owned by you or a long-term tenancy of the site is required

Next steps

Check your eligibility:

Victorian Government website

Find a service provider.