*Energy Efficient Loans Available from CBA
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Looking to upgrade to energy efficient equipment, but need help with the upfront costs? The Commonwealth Bank is in partnership with the Clean Energy Finance Corporation to provide an Energy Efficiency Loan (EEL) funding program.
Loans are designed to help not for profits and councils upgrade equipment for improved energy efficiency and can be used to finance up to 100 per cent of the project cost, enabling businesses to preserve their working capital.
The EEL can be used to fund a wide spectrum of equipment including energy efficient lighting, industrial refrigeration, methane capture, heat exchangers, energy efficient motors, pumps and fans, solar panels, compressed air and variable speed drives, cogeneration and trigeneration plants.
The Commonwealth Bank and Clean Energy Finance Corporation agreement will provide finance that enables businesses to take immediate advantage of energy and operating cost savings from new equipment, positioning them to be more competitive.