Finance Your Building Upgrade With No Impact On Cashflow

Building upgrade loans for environmental works, enabled by government

  • Loans tied to building, not owner
  • No capital or security required
  • Repayments collected through council rates
  • 100% finance including hard and soft costs
Environmental Upgrade Finance Explained

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Complete the form to be emailed our detailed information pack

How It Works:

Environmental Upgrade Finance

If your business wants to do a building upgrade you may have access to government enabled finance. Environmental Upgrade Finance is a fixed rate, long term loan that gives you access to the capital you need to unlock savings and make your building more sustainable.

Repayments are made through your local council, over terms up to 20 years, meaning your business could be cash-flow positive in year one.

What’s different from other loans?
  • 100% project finance, including hard and soft costs.
  • Loan terms between 4 - 20 years
  • Repayments made via local council rates
  • Repayments can be split between landlord and tenants
  • No requirement for personal or business security
Who can apply?

Any type of business can apply, provided:

  • Building is on rateable land
  • Primarily a non-residential property
  • Upgrade has a measurable environmental benefit

This includes Agriculture, Commercial Office Building, Tourism and Commercial and Industrial properties.

Up-to
100%
finance

Loan terms
4-20
years

Sustainable Melbourne Fund

Enquire Now

Complete the form below and our team will be in touch to discuss your project

My planned upgrade includes:

What Can Be Funded?

Environmental Upgrade Finance can be used to support a broad range of works beyond just solar, waste, and water upgrades. Finance can also be used for many of the auxiliary, soft and hard costs associated with building retrofits and upgrades. If the upgrade works improve the energy, water, environmental efficiency or sustainability and are attached to a building, they will likely qualify:

Building Upgrade
Building Upgrades
  • Building fabric insulation upgrade
  • Cool roof coating
  • External solar shading
  • Green roof installation
  • High performance windows
  • Reduce building infiltration / exfiltration
Energy Source
Energy Source
  • Solar PV panels, roof or ground mount
  • Reduced carbon on-site energy source
  • Grid-connected renewable energy, with or without battery storage.
  • Solar thermal hot water
  • Power factor correction
Lighting
Lighting
  • LED installation
  • Lighting control upgrade
  • Lighting technology upgrade
Water
Water
  • Blackwater system
  • Greywater system
  • Rainwater system
  • Water efficiency measures
Plant
Plant
  • Drive and fan efficiency upgrades
  • Duct testing and sealing
  • Ducting and piping insulation
  • HVAC technology upgrade
  • Permanent high efficiency commercial appliances
  • Permanent refrigeration upgrades
Other
Other

Talk to us about your project and if it may qualify

Call us 1300 432 044

Sustainable Melbourne Fund

Why We’re The Right Partner For You

The Sustainable Australia Fund was established by the City of Melbourne in 2002 as a part of their eco-city vision. In 2019 the fund was recapitalised and scaled, in partnership with Bank Australia, to drive environmental upgrades at a national scale.

We are Australia’s leading provider of Environmental Upgrade Finance. We've invested more than $30m in environmental upgrades for Australian businesses, saving more than 300,000 tonnes of emissions from entering the atmosphere.

We work with businesses like yours to improve your cash flow while making the world a better place. Complete the form on the right and our team will take you through how it could help your business.

Why SAF is Right For You!

Download More Information

Complete the form to be emailed our detailed information pack

Our Installation Partners

Success Stories

We've helped Australian businesses improve their energy and waste efficiency without costing the world. These success stories show how Environmental Upgrade Finance can help businesses beat price rises, stay competitive and do the right thing.

Lance Petersen

Hussey & Co

General Manager

“Since the last 99kW solar system was installed through EUF last year, our business has realised a $14,000 reduction in our power bills. We expect this new solar installation of 505 kW to multiply these savings five-fold.

“EUF has been a great way for our business to simply access finance with a favourable rate and term.”

Client

Hussey & Co

Council

Mornington Peninsula Shire

Installation Partner

Cherry Energy Solutions

Project Overview

Hussey & Co is a lettuce farm on the Morning Peninsula that delivers quality produce to Australia and overseas. With 74 acres of land, multiple sheds and industrial processing facilities, it relies heavily on energy to stay in business.

Problem

Energy consumption was paralysingly high, and with prices increasing this posed a significant threat for the company to stay price competitive with outside competitors.

Upgrade

After initially installing a roof-mounted system and realising $14k pa of savings, Hussey & Co were so impressed they decided to take out another EUA almost immediately for a ground-mounted system.

  • Stage 1: 99.64kW system
  • Stage 2: 505kW system
  • Total: 887kW total solar PV array
Outcome

The solar upgrades saved over $86,000 / year in electricity costs. It also cuts 754 tonnes of carbon emissions, which is the equivalent of taking 161 cars off the road each year.

Roni Karika

Impact Investment Group

Senior Asset Manager

“EUAs provide a low-cost capital option.”

Client

Impact Investment Group

Council

City of Melbourne

Project Overview

Impact Investment Group acquired 401 Collins St in 2014 with the intention of transforming it into a prime blue-chip address.

Problem

401 Collins St is an iconic art-deco building in the heart of Melbourne’s banking district. Built more than 80 years ago in 1936, it has aged significantly and lacks modern features. It’s NABERS rating of 2.5 was seen as a barrier to securing a strong, long-term tenant.

Upgrade

Restoration began in 2017. Finance for the environmental works were sourced via an EUA (Environmental Upgrade Agreement), while the funds for other renovations were sourced via a traditional bank loan. This combination of two lenders provided diversity to Impact’s capital stack at an affordable rate.

  • Chiller replacement
  • Pipework insulation
  • Outside air system upgrade
  • Toilet exhaust system upgrade
  • BMS upgrade
  • Electrical sub metering
Outcome

Since completing the renovations, Impact Investment Group have successfully tenanted the building to co-working franchise WeWork on a 15-year contract. In addition, power bills for the property have significantly reduced – electricity by 32% and gas by 16%.

 

Download the Case Study

Kevin Minogue

Minogue Dairy Farm

Owner

“The process for applying was really simple actually… It was just a phone call. Sustainable Australia Fund sent me the required paperwork and virtually did all the correspondence with the council; it was really straightforward.”

Client

Minogue Dairy Farm

Council

Greater Shepparton City Council

Project Overview

For the Minogue Dairy Farm in Shepparton, a blackout in November 2017 led to loss of production over a period of 6 weeks when milking was at its peak. To make matters worse, his livestock experienced health issues associated with the inability to milk them.

Upgrade

Kevin used the opportunity to rethink how the dairy farm could overcome power outages in the future and decided to look into solar energy. Not only would this provide a battery back-up should an outage occur, it would also provide cost savings to the business over time.

After attending a seminar, Kevin reached out to Sustainable Australia Fund for advice and support. We supported him through the process to ensure all his questions and needs were met.

  • 20kw solar panel system
  • 40kWh LG Chem Lithium battery
Outcome

With financial impact to the business his biggest concern, Kevin calculated whether the figures would stack up. The great news is that after installing the new solar system, the farm is 90% self-sufficient and Kevin is feeling confident in the future. No longer will he need to worry about significant disruptions to business operations.

Chris Langdon

HJ Langdon

CEO

“I now have peace of mind that a certain portion of my energy bill will not be affected by any increases in energy bills, and that gives me a lot of confidence when planning for the future of the company. We want to be around for our 200th anniversary and beyond.”

Client

HJ Langdon

Council

Brimbank City Council

Installation Partner

Beon Energy Solutions

Project Overview

HJ Langdon is an Australian, fifth generation family owned specialist food company offering a range of ingredients, services and niche food products in Asia Pacific, Australia and New Zealand. The current trading premise was built in 2002 and contains refrigeration, storage, a humidifier, office and covers over 19,000 sqm. It’s an energy hungry facility that has been feeling the effects of increasing power bills.

Process

HJ Langdon engaged our partner Beon Energy Solutions to explore options to reduce their operating costs and move towards sustainability. Our team worked with Beon, the client and Brimbank City Council to arrange the finance and ensure the project moved quickly and smoothly. At the time of installation this was the largest EUF funded solar installation in Australia, and Brimbank City Council’s first EUF project.

Upgrade details

Installation of a 430.10kW mounted solar array. The project was funded by an Environmental Upgrade Agreement over 7 years.

Outcome
  • $120k saved per annum
  • 561.4 tCO2-e abated per annum
  • Savings exceed repayments by 33%

 

Peter Houghton

Rye Hotel

Owner / Manager

“EUF is an opportunity to get ahead of the game, to assist businesses financially to manage their risk to the inevitable increases in future energy costs.

“We could never have come up with that kind of money to fund solar panels on our own, so we’re very grateful to Sustainable Australia Fund for their help and making that happen.”

Client

Rye Hotel

Council

Mornington Peninsula Shire

Installation Partner

Priority One

Project Overview

Rye Hotel is a well-established business which includes a bistro, café, beer garden, bar, function rooms and resort style hotel with conference facilities. The accommodation facilities include 13 beach-front plus 30 poolside suites. Owner and manager Peter Houghton had been planning the installation of solar panels at the site for some time, however, the main obstacle when contemplating a solar panel installation of this size was the upfront cost. EUF overcame this cost barrier, allowing the savings from reduced power bill to pay for the repayments.

Upgrade details
  • 329 Solar Panels (88kW capacity)
  • Electric Vehicle charging stations
Outcome

This upgrade resulted in a 25% immediate saving on accounts, allowing the savings to cover the loan repayments. The expected savings over the 25-year asset lifetime are $560k

Still Not Sure?

Want more information, but not ready to talk to anyone just yet? Download our helpful info pack with details exactly how EUF works, what works can be funded, the benefits for business owners, tenants and installers, and how it could benefit your business.

When you're ready to talk to us, fill out the enquiry form or give us a ring and one of our team will take you through each step of the process, to get your building upgrade underway.

Media Release: City of Melbourne vision unlocks sustainability across Australia

Monday 6 May 2019

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We’ve grown beyond our Melbourne home and are now preparing to work with businesses across Australia to achieve their environmental...

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Paringa Estate

“I see my energy bills here, over the last few years, have just constantly been going up. Wineries are fairly energy hungry, and we have a restaurant we use a lot of ener...

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