Businesses gain new energy efficiency financing option
Businesses seeking relief from rising electricity prices and looking to benefit from rapid advancements in technology can now rent or lease the latest in energy efficient equipment.
Low Carbon Australia and Global Rental & Leasing are co-funding asset rental solutions for mid-market enterprises under the banner, Global Clean Energy Finance.
The finance is designed to assist a range of businesses including those in the education and health sectors, clubs and not-for-profit organisations, local councils, transport and logistics businesses, manufacturers and professional services firms.
Low Carbon Australia's CEO Meg McDonald said the new finance alliance makes it easier for businesses to take advantage of energy saving equipment with no upfront capital requirements.
"Offering tailored solutions to each client's specific financial and operating needs, Global Clean Energy Finance covers upgrades to business necessities such as lighting and air conditioning, behind-the-scenes equipment including building management systems, voltage optimisers and power factor correction and projects that enable onsite power generation," she said.
There are significant savings to be made through equipment upgrades, according to Global Rental & Leasing CEO Matthew Macdougall.
"Technology is changing at a rapid pace. If you're a business worried about being stuck with obsolete equipment, an asset rental enables you to take advantage of today's energy efficient technology now, and tomorrow's technology in the future," he said.
"It can provide greater flexibility for clients by allowing them to pay for the use of the equipment over a fixed term and giving them the option to return the equipment at the end of the term if they have no further use for it."
"Alternatively, clients can purchase the equipment outright, or they can upgrade to newer equipment at any time and change the terms of their agreement," he said.
Finance is available for energy efficient equipment upgrades for projects in excess of $100,000.
To learn more about Global Clean Energy Finance visit http://www.gral.com.au/cleanenergyfinance .