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Energy technology covers a broad range of energy efficient and environmentally-friendly technology used to generate power. From manufacturing and engineering to professional services and healthcare, affordable power is essential for lighting, heating and running business equipment. Let the industry experts at Eclipx Commercial help you identify and fund renewable energy technology which will save money while you do your bit to save the planet.
Leasing provides the benefit of breaking down a large upfront cost into smaller monthly payments, which helps keep energy technology equipment and systems affordable. If what you need has a relatively short life cycle (less than 10 years), it may not be worth burning your cash to buy what is most likely a depreciating asset. Save your capital for other areas of your business that need it more.
If the systems or equipment you need are likely to evolve and improve rapidly, you may wish to structure your lease term to reflect this, so that you can upgrade or hand back when it is redundant.
Once you have made the decision to lease, you will need to think about the structure of the lease. Some are structured so that you own the equipment at the end of the lease period, whereas others are in essence a rental contract where you return and/or upgrade equipment at the end. Some leases include maintenance of the equipment as well. The structure which suits you will depend on the energy technology you are interested in – Eclipx Commercial can help work through your options.
Eclipx Commercial can also structure your lease to minimise your monthly payments through the term, with the residual held on our balance sheet, not yours. You then have the option to return the equipment at the end of your lease without worrying about having to sell it or get rid of it.
Ideally, the term of your finance should match the useful life of your equipment. Eclipx Commercial's industry specialists will help you structure your lease to suit the equipment you need.
Energy technology varies, some may need regular maintenance, in which case pricing maintenance and/or repairs into your lease could be a good option, because in the event of a problem you simply return your equipment to the manufacturer for repair, and pay nothing.
If the answer is yes, or you’re not completely sure, your finance arrangement should allow flexibility at the end of term. Eclipx Commercial’s finance programs energy technology allow you to decide at the end of your term what you want to do with your energy technology equipment – keep it, get rid of it, or upgrade it.
Energy technology can be highly sophisticated and expensive, but the benefits of choosing environmentally friendly power while saving costs within your business are huge. This is why is it so important to partner with an asset finance provider which understands the needs of your business – and can help you choose energy technology which will suit your needs, keep your costs down, and which you can afford.
Eclipx Commercial has helped businesses fund energy technology. Our documentation requirements are low, compared with other lenders for finance up to $75,000, even if your business has been trading for less than 12 months. We don’t require a full profit & loss statement of detailed balance sheet which means approvals can be made in a number of hours, and usually in less than 24 hours.
Business is hard enough at the best of times, but to come across a business partner that truly understands what you are trying to achieve is a breath of fresh air.
My business partners and I would have no hesitation in recommending the Eclipx Group to any of our associates as our experience to date has been exceptional, they are a truly professional organisation
Paul Ryan, Director, H2flow
Find out how Eclipx Commercial's industry knowledge, unparalleled access to a secondary market and flexible lease terms allowed Campsie Day Surgery to finance, maintain, repair and upgrade complex medical equipment in a truly cost-effective way.
Talk to one of our experts and apply for finance now.