Benefits and features

Discount off your finance rate

Enjoy 0.7% p.a. discount on qualifying assets for the life of the financing.

Your own tailored repayments

Repayment schedule that suits your cash flow and circumstances. If most of your sales occur during summer you can choose to make extra repayments at this time.

$0 deposit

No deposit to pay and security is the equipment itself, so your capital stays in your business.

Here's how to qualify

  • You’ll need to apply for an Equipment loan, Hire purchase or Finance lease.
  • This finance will have to fund your energy efficient equipment.
  • If the equipment meets the CEFC criteria for energy efficiency, 0.7% p.a. will be deducted from your finance rate.

Eligible equipment

Technology

Test for automatic qualification

All Technologies

Any project that is registered for Australian Carbon Credit Units (ACCUs) under the Emissions Reduction Fund.

Any finance related to coal mining and production, coal fired electricity generation or deforestation must be referred to CEFC for separate approval.

Any methodology involving the sequestration of greenhouse gases, such as reforestation and avoided deforestation are not eligible for the Discount Amount.  They do not constitute Qualifying Technology and any Customer Contracts in respect of them do not constitute Qualifying Contracts.

Light Vehicles

Vehicles that fall into either of the following tests:

(a)           Green Vehicle Guide Test: For each subclass of new vehicles available in the Australian market, those vehicles with the lowest 25% CO2 tailpipe emissions; or

(b)           Threshold Test: The level of CO2 emissions as stated on the Fuel Consumption Label on the new vehicles is no greater than a threshold test set by CEFC on an annual basis for all new passenger vehicles or for all new light commercial vehicles, which will be 20% less than the most recent average carbon emissions figures for vehicles sold in the previous year as reported by the National Transport Commission.

Heavy Vehicles

Automatic qualification (i.e. no need to refer back to CEFC) if the vehicle is:

(a)           an electric vehicle; or

(b)           an electric hybrid vehicle; or

(c)           powered by natural gas and has a high performance direct injection engine.

Tractors & Headers

Purchase of new or used equipment, which may include reconfiguration of existing equipment, which results in:

(a)           at least 20% less energy consumed per unit of output; or

(b)           an overall energy saving of at least 20%; or

(c)           publically available information confirming its class leading energy efficiency characteristics.

 

Variable Speed Drives (VSDs)

All VSD’s installed where no VSD was previously operating.

 

Industrial & Commercial Refrigeration

Projects involving new equipment and may include reconfiguration of existing equipment, which results in at least 10% less energy consumed.  This may include savings associated with waste heat capture elements of the project.

Heating ventilation and air conditioning (HVAC)

Projects involving replacement of old commercial HVAC with new equipment and may include reconfiguration of existing equipment, which results in at least 10% less energy consumed.

 

Power Factor Correction (PFC)

Projects that improve the power factor so that it will be above 0.9 (reference point: NSW Energy Savings Certificates Scheme thresholds).

 

Rooftop Solar PV

Technologies that meet Australian Standards.

Solar thermal including solar hot water and heat pumps

Equipment that is on the Register for Small-Scale Renewable Energy Scheme.

Any technologies not assessed for SRES (e.g. newer solar thermal technologies) must be referred to CEFC for approval.

Solar PV displacing diesel generation

Technologies that meet Australian Standards.

Batteries

All battery storage and associated technologies qualify for funding where those batteries are:

(a)           recharged from renewable sources, including both solar PV and / or wind generation; and

(b)           integrated as part of a behind the meter renewable generation project.

Biogas

Any project which is registered for ACCUs under the Emissions Reduction Fund.

Waste Diversion and Waste to Energy

Any project which is registered for ACCUs under the Emissions Reduction Fund.

Cogen and Trigen

Projects require approval by CEFC on a transaction-by-transaction basis until a threshold test is determined.  Engineering estimation of savings associated with reduction in energy from heating and cooling is required to be provided for this purpose.

Process equipment reconfiguration and upgrades

Projects involving new equipment and may include reconfiguration of existing equipment, which results in:

(a)           at least 10% less energy consumed per unit of output; or

(b)           an overall energy savings of at least 10%.

Building monitoring systems

All new building monitoring systems or material upgrades to existing systems where the technology provider or qualified consultant has forecast project specific savings of at least 10% less energy consumed.

Voltage optimisation assets

New equipment where no voltage optimisation assets were previously operating as confirmed by a qualified consultant.

Bundled projects of multiple building technologies

Upgrades to buildings and tenancies that:

(a)           improve the NABERS ratings by at least 2 stars; or

(b)            are expected to result in a NABERS rating of at least 4 stars or higher; or

(c)           others referred to CEFC for consideration.

Lighting

All lighting technologies that would qualify under the NSW Energy Savings Scheme or the Victorian Energy Efficiency Target.

Irrigation

All irrigation projects where the motors and pumps being installed utilise high efficiency engines and variable speed drives.

Important information

This finance is provided by NAB and not by the Clean Energy Finance Corporation (CEFC) and all risks are borne solely by NAB. CEFC accepts no responsibility for the accuracy, completeness or timeliness of the information contained here or for the performance of any customer or assets financed under this program.

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