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.
329 Solar Panels (88kW capacity)
Electric Vehicle charging stations
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
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
Other Success Stories
North East Funerals
The team at North East Funerals in Wangaratta are no strangers to sustainability. But their electricity bills remained a challenge – that is, until they discovered our Solar Fund.
3 Ravens, Melbourne's oldest independent brewery, are reducing their energy costs as well as their carbon footprint. By installing a 73.6kW PV solar system and Cool Roof, they expect to save $21,000 on their annual energy bill.
Our new Fast Track Green loan will deliver more speed, greater flexibility, and extra choices for our customers.
+ Accelerated approval: With our Fast Track Green Loan, eligible businesses can secure up to $200,000 without the need to submit financials for faster approvals.
+ Fixed and Variable Rate Interest Options: All our eligible businesses can now choose an SAF green loan, including out Fast Track Green Loan with either a fixed or variable interest rate, providing the flexibility in funding you deserve.