The Clean Energy Finance Corporation is committing an additional AU$180 million in finance to the NAB Energy Efficient Bonus program, following its overwhelming success in helping Australian businesses transform their energy use. The new finance means the CEFC has committed AU$300 million to the NAB Energy Efficient Bonus program, which was launched in 2015 with an initial AU$120 million commitment from the CEFC.
The Energy Efficient Bonus program provides customers with a 0.7 per cent discount on NAB’s standard equipment finance rate for loans for eligible clean energy investments, such as vehicles, energy efficient irrigation systems, solar PV, building upgrades, lighting upgrades, processing line improvements and refrigeration. Customers looking to purchase and install new equipment can go to their regular relationship manager and discuss the potential to finance more energy efficient alternatives or renewable technologies. Discounted loans are available for up to 10 years for amounts between AU$10,000 and AU$5 million.