Crown loans

Crown loans are a low cost, interest free way to fund energy efficiency and renewable energy projects for publicly funded organisations such as schools, local councils, universities and polytechnics, government departments and hospitals.

Public sector organisations are eligible for both Crown loans and other EECA Business funding support. Loans can be used to fully or partially fund equipment that delivers carbon, energy and cost savings. Eligible projects include energy-efficient equipment for new builds and retro-fit projects. In addition, Crown loans could help if you’re considering electric vehicles.

Watch our video on how Capital & Coast District Health Board has used Crown loans to implement energy management programmes benefiting Wellington patients.

What's on offer?

Loans are low cost and interest-free. There is a one-off flat rate procurement fee of 6% to cover EECA’s establishment and loan administration costs.

Examples of the types of project we fund include

  • Installing building management systems
  • Installing and upgrading equipment such as energy efficient space heating, efficient refrigeration, energy efficient lighting
  • Electric vehicles
  • Installation of biomass boilers
  • Installing solar water heating for swimming pools.

Crown loans for electric vehicles

We offer Crown loans to help encourage the uptake of electric vehicles in the public sector. The scheme covers the price difference between an electric and a conventional vehicle and the cost of installing a charging point.

Who should apply

  • Government departments
  • District health boards
  • Crown owned companies
  • Territorial authorities
  • Regional councils
  • Universities
  • Polytechnics
  • Public and integrated schools

Criteria

We evaluate energy efficient projects according to the following criteria:

  • payback period - five year payback on the energy cost savings
  • carbon dioxide emission reductions
  • ability of the project to be a demonstration site for other government organisations, communities, and within the private sector
  • other benefits, such as reduced maintained costs, better air quality and industry development.

We also fund projects that move from fossil fuel heating to electricity heating or bioenergy or direct use of geothermal.  For these projects there must be a reduction in carbon dioxide emissions of at least an 80% compared to fossil fuel energy.

How to apply

If interested in funding please contact EECA Business.

Criteria

We evaluate energy efficiency projects applications according to the following criteria:

  • payback period- five year payback on the energy cost savings
  • carbon dioxide emission reductions
  • ability of the project to be a demonstration site for other government organisations, communities, and within the private sector
  • other benefits, such as reduced maintained costs, better air quality and industry development.

We also fund projects that move from fossil fuel heating to electricity heating or bioenergy or direct use of geothermal.  For these projects there must be a reduction in carbon dioxide emissions of at least an 80% compared to fossil fuel energy.

 

To apply, complete and submit these forms:

 

EmailMailCourier
 business@eeca.govt.nz  Crown loans scheme
EECA
PO Box 388
Wellington
Crown loans scheme
EECA
Level 8
44 The Terrace
Wellington