Financing sustainable office upgrades

High-impact efficiency measures may require capital expense and a business case. Financing options can improve the business case for up-front investment or make use of operational rather than up-front capital. There are a huge range of options on offer to help finance and facilitate the greening of your office building or tenancy. Today's financing models cover building and retrofits investing in sustainable equipment and more.

Key elements

Overview of financing for office upgrades

Many innovative financing models are available for sustainable office upgrades from grants, loans, leases and certificate schemes

Loans and leases for office energy efficiency

Loans and leases for office energy efficiency

Several financing models can help businesses obtain upfront capital for energy savings that can be paid back over time.

Green grants for office tenants

Grants are available from national, state and local governments for green office programs.

Certificate schemes for energy efficiency

Victoria and NSW have certificate schemes in place that help fund and incentivise energy savings.

CitySwitch rating discount

A reduced administration fee applies for a NABERS Energy tenancy or whole building rating carried out by or on behalf of CitySwitch Signatories. See how to claim a discount voucher.

Distributed energy in the property - today's opportunities

Distributed energy in the property - today's opportunities

This guide, Distributed energy in the property sector – today’s opportunities, was developed by the Property Council and Clean Energy Finance Corporation to give building owners and managers insights into benefits and payback periods of clean energy technologies.

Accelerated depreciation for SMEs - Save money and energy

 

The Federal Government’s Accelerated Depreciation for Small Business Entities initiative is an excellent opportunity to upgrade equipment, save energy and help your small business long-term.

Related resources

Clean Energy Finance Corporation funding solutions

The energy efficiency investment portfolio and activities of Low Carbon Australia have been transferred to the Clean Energy Finance Corporation. The CEFC has up to 50 percent of its funds allocated for energy efficiency and low emissions technology

Environmental Upgrade Agreements ebook

Environmental Upgrade Agreements are a form of loan that can be paid back from energy savings and via Council rates for commercial buildings. The Fifth Estate has produced a definitive e-book.

Best Practice Guide to EPC

The Energy Efficiency Council provides best practice guides for Energy Performance Contracting and other efficiency measures. Energy Performance contracting is funding arrangement made with energy efficiency service providers to reduce up-front costs.
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Case studies

Case study: Baenziger Coles

Case study: Baenziger Coles

Baenziger Coles, an architecture and interior design company, has further optimised office energy efficiency by investing in renewable energy. As a result of feed-in tariffs and a reduction in energy use, the Melbourne office is enjoying a good return on investment, along with annual CO2 savings.

Case study: Sustainability Victoria

Case study: Sustainability Victoria

Sustainability Victoria's best practice Green Star fit-out is demonstrating how an office move and upgrade can be completed at competitive rates and deliver ongoing benefits including an improved quality of indoor environment, an increase in staff productivity and significant energy savings. This case study provides an overview of the relocation process and includes a number of technical information downloads detailing the materials and technology utilised.

Case Studies: Energy Savings Scheme

Case Studies: Energy Savings Scheme

The NSW Energy Savings Scheme shares case studies of organisations that have used certificates to finance upgrades.

Search resources

CitySwitch Signatory of the Year and New Signatory Awards - category judging criteria

  • Delivering outcomes as demonstrated by an improved or maintained current NABERS Energy rating and achieved energy savings* (up to 28 points)
  • Implementing one or more energy saving initiatives (up to 10 points)
  • Demonstrating leadership by undertaking innovative, creative or progressive office energy efficiency activities (up to 10 points)
  • Engagement of staff/ customers/suppliers and/or stakeholders to educate and create market transformation (up to 10 points)
  • Participation in CitySwitch local program activities (up to 10 points).
Note, new Signatories submitting for New Signatory of the Year Award need only complete an indicative rating – all other submissions must be accredited.

CitySwitch Partnership of the Year Award - category judging criteria

Eligibility Criteria

Submitted projects should:

  • Involve more than one registered company 
  • Demonstrate that they are  innovative and over and above “business as usual”
  • Demonstrate that they catalyse “market transformation” and or “address a market barrier”
  • Deliver a reduction in energy consumption and carbon emissions within the built environment 

Judging Criteria

  • Delivering outcomes as demonstrated by an improved or maintained current NABERS Energy rating and achieved energy savings* (up to 14 points)
  • Implementing one or more energy saving initiatives (up to 10 points)
  • Demonstrating leadership by undertaking innovative, creative or progressive office energy efficiency activities (up to 17 points)
  • Engagement of staff/ customers/suppliers and/or stakeholders to educate and create market transformation (up to 17 points)
  • Participation in CitySwitch local program activities (up to 10 points)
  • The submitting entity MUST be a CitySwitch Signatory
Note, Signatories submitting for the Partnership of the Year Award may submit an accredited NABERS tenancy, whole building or base building rating.

It’s easy and free to join the program. Your good-will commitment to the program is an acknowledgement of the business sector’s role in
contributing to environmental sustainability and your intention to reduce your own energy consumption and associated carbon emissions.

As part of this, Signatories to the program commit to achieve an accredited NABERS Energy tenancy rating (between 4 and 6 stars) and
work with CitySwitch to improve their tenancy’s environmental performance.

Find out more about how obtaining a NABERS Energy rating ensures you can benchmark your performance, better manage your progress
over time and promote your star rating achievement.