Business

Energy savings and resource efficiency

Business

Upgrade your building

Environmental Upgrade Agreements (EUAs) are a smarter way to finance your building upgrade

EUAs use private finance to upgrade non-strata commercial buildings.

Benefits

The savings pay for the upgrades

Building upgrades can deliver significant savings that can be used to repay the upgrade finance. 

Owners and tenants share the benefits

Owners and tenants can both gain from maximising a building’s energy efficiency. An EUA allows owners and tenants to share these benefits. 

To date tenants have contributed approximately 50 per cent of the cost of EUA funded energy efficiency projects.

A longer loan term

An EUA is secured finance so it can be locked in for a longer term, up to 15 years. This increases the likelihood that the savings generated will be greater than the EUA repayments and better match the life of the upgraded equipment.

The EUA is attached to the land

EUA finance is attached to the land. If the land is sold, the EUA may be transferred to the new owners or discharged on settlement.

Eligible upgrades

Eligible works include those that focus on:

  • energy and water efficiency
  • renewable energy
  • reducing greenhouse gas emissions
  • preventing or reducing pollution
  • reducing the use of materials
  • recovery or recycling of materials
  • monitoring environmental performance
  • encouraging alternatives to car travel, such as walking and cycling

How to get started

Talk to your consultant

Or

Talk to your financier

Or

Contact our EUA Coordinator, Rebecca Peacock

9995 5289 or email

 

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Page last updated: 05 February 2016