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Community Energy Revolving Fund

Although the long-term benefits of renewable energy clearly outweigh the upfront cost, often not-for-profit community organisations simply do not have the upfront capital to fund the installation of solar and batteries. In 2019, Healesville CoRE received a $90,000 Federal Government grant to install solar panels on three local not-for-profit groups. For the next two years we worked on the project, developing ideas and plans, collaborating closely with Yarra Ranges Council, sourcing finance, developing contracts, until finally in March 2021, with much excitement, the first panels were placed on the Robyn Jane Children’s Centre. The next not-for-profit group to benefit was Healesville Living & Learning Centre, and finally in June 2022 a 39kw solar system was installed on St Brigid’s Primary School.

But rather than just pay for these systems and walk away, Healesville CoRE established a Community Energy Revolving Fund to offer an interest-free loan without any upfront costs. This means that the three groups are repaying the funds over 7-8 years from the estimated savings on their electricity bill, and once the loan is repaid, they have ownership of the system and will enjoy another 20 to 25 years of free solar electricity. This arrangement allows Healesville CoRE to recover the money to re-use on other, similar installations. Hence, the Revolving Fund.

The Community Energy Revolving Fund builds community energy resilience and helps local organisations to cut power bills and reduce carbon emissions.

Current Projects

Past Projects

The Future…