The Commonwealth and State Governments currently have many programs to support businesses in improving their power usage and efficiency. The following grants provide either direct funding or credits for energy audits and programs to reduce emissions.
The Emissions Reduction Fund is open for all eligible Australian businesses wanting to reduce their carbon emissions. Participants in the scheme can earn Australian carbon credit units (ACCUs) for every tonne of carbon dioxide equivalent they store or avoid emitting by using new practices and technologies. These ACCUs can then be sold to generate income for your business.
New South Wales’ Energy Savings Scheme provides businesses with financial incentives to reduce their energy consumption by installing new equipment or modifying a current system. Savings will be converted into Energy Saving Certificates (ESCs) which are sold to an electricity retailer.
South Australia offers businesses and not-for-profit organisations the Resource Efficiency and Productivity (REAP) Grants. This program provides a 50% subsidy for resource efficiency and productivity assessments to consider circular economy options including electricity efficiency. An additional $10,000 is available on successful completion of an assessment to kick-start implementation of the recommendations.
Funding of $150,000 is available for Tasmanian Businesses to carry out energy audits on business operations and buildings in the state through the Power$mart Businesses program.
ACT has two grant programs: The Next Generation Energy Storage (Next Gen) Program and ACTSmart Business Energy and Water Program which provide businesses with rebates when installing battery storage systems or upgrading to more energy-efficient and water-efficient technologies and equipment.
The Smarter Business Solutions Program offers grant funding incentives of up to $20,000 for Northern Territory enterprises to adopt efficient, innovative technologies and best practices that will reduce their energy, water, waste and material costs.
If your business is interested in further information on any of these grants, or would like assistance completing an application, please contact the Equilibrium team on (03) 9372 5356 or at firstname.lastname@example.org
Be sure to stay up to date with our blog posts to get updates on Government grants.