Case studies

Finance to accelerate clean tech take up

CEFC and Westpac program finances clean tech for Australian businesses

Westpac customers from education and health and aged care, agribusiness, state and local government sectors are among those who can benefit from a $200 million program making it easier to take control of energy costs.

The Westpac Energy Efficient Financing Program, which uses a $200 million finance commitment from CEFC, provides customers with a 0.7 per cent discount on finance for investment in solar, energy efficient technologies and low emissions vehicles.

The CEFC works with financiers like Westpac to broaden the opportunities for businesses to take advantage of the benefits clean energy technologies can offer.

Using solar, lower emissions vehicles and the right energy efficient equipment can have a substantial benefit on business costs, in addition to the obvious environmental gains.

The Westpac Energy Efficient Financing Program offers finance leases, commercial loans and commercial hire purchase finance for qualifying projects.

Eligible projects include:

  • rooftop and off-grid solar PV
  • battery storage and solar thermal
  • energy efficiency equipment
  • low emissions vehicles
  • projects that upgrade the energy efficiency of buildings
  • energy-from-waste projects
  • projects registered for Australian Carbon Credit Units (ACCUs) under the Emissions Reduction Fund.

The finance, for up to 100 per cent of the project cost, is available for terms of up to 10 years, for individual projects starting at $15,000.

Learn more.