Moreland’s first Environmental Upgrade Agreement (EUA) was signed on 29 August. This has enabled local family-run business Otto and Spike to install a 30kW solar system. The 111 panels spell out the business name on their Brunswick East roof.
How it works
Environmental Upgrade Financing enables local businesses to save money and improve their environmental performance. A finance lender provides a loan for measures to reduce the building’s environmental impact and the building owner pays it back through Council (via their Council rates). Council’s involvement in this process ensures that the loan is highly secure and the lender will provide better terms. The program is managed by Sustainable Melbourne Fund. Moreland Council is one of 14 councils across Victoria currently offering Environmental Upgrade Financing.