Council lends a hand to help fund environmental upgrades
Published on 04 September 2018
Mornington Peninsula Shire is continuing its efforts to tackle climate change, offering local business owners and suppliers financial assistance to fund upgrades through Environmental Upgrade Finance (EUF).
The finance model provides long-term low interest loans to businesses to fund energy and water efficiency upgrades and install renewable energy with repayments administered through local council.
Over the past 18 months, nine Peninsula-based businesses have signed up for EUF installing more than 800 kW of solar and a range of energy efficiency measures.
The Shire is hosting an information session in partnership with Sustainable Melbourne Fund to help local suppliers better understand the model and how it might assist their clients in financing upgrade works.
Shire Mayor Councillor Bryan Payne said Environmental Upgrade Finance (EUF) is a proven way for building owners to fund building upgrades.
“When businesses do these kinds of upgrades it creates jobs for installers; protects businesses from rising electricity prices; frees up cash flow for operators; improves conditions for building occupants and helps reduce our carbon footprint.
“Come along to our information session to find out how the program could benefit your business and your clients”.
The session is designed to assist installers of renewable energy, water efficiency products or energy efficiency products.
The session will outline:
- What Environmental Upgrade Finance (EUF) is
- The range of environmental upgrades that can be installed using EUF
- How it works and what organisations are involved
- Examples of local environmental upgrades installed using EUF
- How to introduce the idea of EUF to your clients
Thursday 20 September, 5.30 – 7pm
Mornington Library, Vancouver St, Mornington
Phone: 9658 7853
To find out more about what the Shire is doing to tackle climate change, visit: mornpen.vic.gov.au/climatechange
PHOTO CAPTION: Owner of the Boneo Maze, Michael Wittingslow, was one of the local business owners to sign up to utilise Environmental Upgrade Finance (EUF).
Michael used the finance to install a 14 kW solar array and said he saw it as an opportunity to further the environmental sustainability of his business.