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Future Proof Business and Industry / Electrifying industry from renewable sources /

A18Support business to access finance mechanisms e.g., EUF loans for business and Energy Performance Contracts

Progress

  • Not started
  • Planning
  • Implementation
  • Continuous
On time

Local businesses are benefiting from government rebates and loans. With Council support, businesses have also completed projects that will be eligible for the temporary full expensing tax incentive.

Council promotes Environmental Upgrade Finance (EUF) and provides advice on Victorian Energy Efficiency Certificates (VEECs) and Federal Government carbon credit units (ACCUs) for energy efficiency projects.

Council also helps businesses utilise other government incentives (ATO Temporary full expensing) and Solar Victoria rebates. Tax incentives and VEECS typically reduce the simple payback period by 40% (from 5 to 3 yrs).

At least five Kingston businesses have accessed the $3,500 rebate and $5,000 interest free loan from Solar Victoria.

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  • Priority (high, medium, low)

    High

Timeline

01/01/2022 → Continuous

Department

Aim

Sustainable Development Goals

Contact persons

  • Anthony Thyriar
    Zero Emissions Business Project Lead
    Kingston City Council
Information updated 22.07.2024