The Clean Energy Finance Corporation has recently committed a further $200 million to help ANZ bank deliver discounted loans to businesses wanting to adopt clean, green technologies. This can include solar energy, electric vehicles, recycling and other efficiency technology.
What is the program all about?
CEFC, in conjunction with ANZ Bank, will be committing $200 million to help businesses access discounted loans for energy efficiency projects. Targeted at small to medium businesses, the program expects to deliver loan discounts of 0.5% for businesses wanting to expand their energy efficiency.
The current commitment takes CEFC’s total investment in this space to $450 million. The program has already seen a huge interest from SMEs who want to reduce their carbon footprint and reduce energy costs.
Until now, however, recycling hasn’t been a part of the scheme. But the recent commitment from CEFC now makes it easy for businesses to access better recycling solutions with low-interest loans.
Ian Learmonth, CEO of the CEFC, was spruiking the benefits of the scheme. “As the cost of energy and other inputs continues to rise, it is important to help them access the benefits that renewable energy, battery storage and energy efficient equipment can deliver.”
What can the loans be used for?
There are a number of energy-efficiency technologies that can be accessed through this scheme. One of the most popular ones, of course, is the installation of solar panels and a solar energy system to cut electricity bills. However, there are other ways businesses can benefit, such as:
- Electric vehicles and infrastructure
- Precision agricultural equipment
- Energy efficiency
- Energy generation
- Recycling technologies
If you want to access the Clean Energy Finance program, the best thing to do is speak to ANZ bank and discuss eligibility requirements. Once you’ve determined the technologies you’d like to explore for your business, it’s just a matter of handling the paperwork.
Ready to make the solar switch?
Solar energy is a great way to reduce energy bills and become less reliant on Australia’s fossil fuel industry. Whether you’re in business or a homeowner, Ahlec Solar provides affordable solar solutions for everybody. Partnering with the very best solar technology brands, we deliver packages suitable for any budget.
Contact us today to find out about our on-grid and off-grid solar solutions. We’ve helped countless businesses and residents join the green revolution and save plenty of money in the process. If you’re a business looking to take advantage of the CEFC/ANZ loan scheme, we’d be more than happy to guide you through the process.