Energy Efficiency Grants for Small and Medium Enterprises Now Open
Applications are now open for business grants valued between $10,000 and $25,000 in Round 2 of the Energy Efficiency Grants for Small and Medium Sized Enterprises program.
The program supports businesses to upgrade or replace inefficient equipment and implement other energy efficient solutions. It also aims to assist businesses to lower their energy consumption and costs, whilst improving their energy efficiency.
The intended outcomes of the program are to:
- assist small and medium businesses to manage their energy usage and costs
- reduce greenhouse gas emissions
- increase awareness of energy efficiency opportunities
- help small and medium businesses save energy and reduce their power bills
- contribute to Australia reducing its emissions by 43% on 2005 levels by 2030.
- improve energy efficiency practices
- increase awareness and uptake of energy efficient technologies
Up to $41.2 million will be available in grants to help businesses fund a range of energy efficiency activities, such as:
- upgrading or replacing inefficient technologies, such as changing existing display fridge cabinets with more efficient models, or gas cookers with electric equivalents.
- improving space and water heating systems
- conducting energy audits
- installing energy monitoring systems.
Grants will be awarded to eligible applicants in order of application receipt in each state and territory. Applications may close early if all allocated funds for Round 2 are exhausted, so businesses are encouraged to submit their application as soon as possible.
If you applied in Round 1 and were not successful in obtaining funding, it is encouraged that you consider reapplying for Round 2. Eligibility requirements have changed since Round 1, so check the Round 2 grant guidelines carefully.
The closing date for the grant is Monday 8 April, 2024 at 5pm.
To apply, read the grant guidelines and submit an application on the Business Grants Hub portal.
Source: business.gov.au