Environmental Upgrade Finance (EUF)
Environmental Upgrade Finance (EUF) is a long term, low interest loan for businesses to upgrade the energy, water or waste efficiency of their building.
The finance can be used for a wide range of upgrades including:
- Solar panels (rooftop or free standing)
- LED lighting and motion sensors
- Heating, cooling and ventilation
- Water and building efficiency upgrades
- Waste management
- Other energy, water or waste efficiency upgrades
The benefits of EUF to businesses include:
- Reduced business operating costs
- Positive cash flow early on
- Security from volatile energy markets
- Environmental leadership
- Media and promotional opportunities
- Improved building comfort
To be eligible for EUF, businesses must own or lease commercial, non-residential buildings and pay rates to the Shire.
Over the last two years, local businesses have borrowed over $2 million and installed a total of 840 kilowatts of solar power and a range of energy efficiency upgrades through accessing EUF. These businesses are Rye Hotel, One Four Nelson Accommodation, Hussey and Co. Salad growers in Somerville, Paringa Estate Winery in Red Hill South, Boneo Maze, Sorrento Beach House, Flinders General Store and Crittenden Estate.
To find out more about the benefits of EUF to local businesses, see the below case studies:
Video: Paringa Estate Case Study
Download: Rye Hotel Case Study(PDF, 1MB)
Download: Hussey and Co. Salad Growers Case Study(PDF, 1MB)
Download: Flinders General Store Case Study(PDF, 1MB)
To see other case studies, visit the Better Building Finance website.
For more information:
Download: EUF Fact Sheet(PDF, 352KB)
Download: EUF Information Sheet(PDF, 1MB)
To find out more, contact the Sustainable Australia Fund on Ph: 03 9658 8740 or firstname.lastname@example.org, or visit the Better Building Finance website.