Business

Energy savings and resource efficiency

Business

Upgrade your building

Building upgrade finance is a smarter way to pay for upgrades to your building

Building upgrade finance is private finance used 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. Building upgrade finance allows owners and tenants to share these benefits.

To date tenants have contributed approximately 50 per cent of the cost of energy efficiency projects funded using building upgrade finance.

A longer loan term

Building upgrade finance 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 loan repayments and better match the life of the upgraded equipment.

Building upgrade finance is attached to the land

Building upgrade finance is attached to the land. If the land is sold, the debt 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 an energy consultant

Or

Talk to your financier

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Page last updated: 12 July 2017