Be cash flow positive from day 1
Get solar and/or battery storage with cash up front, Environmental Upgrade Finance or a Chattel Mortgage less applicable incentives/rebates (if eligible).
Find Out MoreEnergy savings that pay for your system
There are various incentives and finance options available to your business that can increase your ROI if eligible. Find out how you can save with solar and our other clean and efficient energy solutions while keeping your business cash flow positive from day one.
Small-scale Technology Certificates (STC’s)
Under the Small-scale Renewable Energy Scheme, eligible small-scale renewable energy systems are entitled to a number of small-scale technology certificates (STCs). The number of certificates that can be created per system is based on its geographical location, installation date, and the amount of electricity in megawatt hours (MWh). STCs are given as an upfront discount on the total cost of your solar PV system.
Solar Vic’s Solar for Business
If eligible, a Solar for Business $3,500 rebate from Solar Vic will reduce the upfront cost of the installation of a small-scale solar PV system up to 30kW. This rebate could cover up to 50 per cent of the net cost of a rooftop solar system. Talk to your eko energy Renewable Energy Consultant regarding eligibility and terms and conditions.
Environmental Upgrade Finance (EUF)
EUF is a VIC and NSW council-based financing mechanism enabling building owners, tenants and investors to better access long-term finance for environmental upgrades, including solar energy, to existing commercial and non-residential buildings on attractive terms. Repayments are made through rates and the loan stays with the property.
Chattel Mortgage
The lender will provide the funds to purchase the equipment. The lender takes a ‘mortgage’ over the equipment as security for the loan with flexible repayment periods and the option to reduce the monthly repayments by setting a final balance (residual value or balloon). There is also the potential to claim tax deductions as well as GST for equipment used for business purposes. You take ownership of the equipment once the final payment has been made.
Federal Government Stimulus Package
Businesses with a turnover of up to $5 billion will be able to instantly write-off new assets purchased if installed and operational by 30th June 2022*.
Coupled with an EUF or Chattel Mortgage, businesses can be cash-flow positive every year for the term of the finance with no upfront payments. So, on top of energy savings year on year from a new solar system, you can significantly reduce payback periods.
*Subject to terms and conditions. Please speak to your financial advisor or accountant regarding the above information.
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