There are numerous types of business grants and rebates in Australia that are available at federal, state, local council and private levels which are continually changing. On the federal level, business grants in Australia can cater for all small, medium & larger businesses which will benefit the nation as a whole, whereas on the state, local & private levels, business grants in Australia tend to have smaller funding budgets and focus more towards the small and medium businesses that will collectively assist the state and nation’s overall economy.
NuGreen have a team of experts that understand the available grants and rebates for businesses as well as grants available for manufacturers; we maximise every opportunity that is available for your business.
The Victorian Energy Efficiency Target (VEET) scheme is a Victorian Government initiative promoted as the Energy Saver Incentive. It was established under the Victorian Energy Efficiency Target Act 2007 (the Act) and commenced on 1 January 2009. It is legislated to continue in three-year phases until 1 January 2030.
The purpose of the VEET scheme is to reduce greenhouse gas emissions, encourage the efficient use of electricity and gas, and to encourage investment, employment and technology development in industries that supply goods and services which reduce the use of electricity and gas by energy consumers.
The scheme operates by placing a liability on large energy retailers in Victoria to surrender a specified number of energy efficiency certificates every year. Energy retailers with a liability under the scheme are known as Relevant Entities. Relevant Entities are able to create certificates directly, or purchase certificates in a competitive market, or both.
For more information on VEET visit https://www.veet.vic.gov.au/
New South Wales: ESS
The Energy Savings Scheme is established under NSW legislation. Its main objective is to assist households and businesses to reduce electricity consumption and electricity costs.
Businesses that save energy by installing, improving or replacing energy savings equipment can gain financial incentives by participating in the scheme.
When businesses invest in reducing their energy use, energy savings certificates are created by the voluntary scheme participants that have helped to implement those energy savings activities.
Electricity retailers, who are mandatory scheme participants, then buy the energy savings certificates to meet their own legislated targets, as required by law.
Energy savings certificates are the ‘currency’ of the scheme. The Energy Savings Scheme is not a rebate scheme.
For more information on the ESS visit https://www.ess.nsw.gov.au/
Positive Payback for Business
Positive Payback for Business offers incentives to eligible businesses to implement demand management projects. Such projects lower energy usage during periods of high electricity demand and may also significantly reduce your business’s electricity bill.
If your business is in an eligible area, you may be able to apply for an incentive. The more the business can decrease its peak electricity demand, the greater the incentive will be.
See case studies from businesses that have already taken up the offer.
For more information, visit https://www.energex.com.au/
Smart Blocks – Tune up your building
Smart Blocks helps you save energy in your apartment block’s common areas. Use our expert guidance to start projects, work together and tune up your building.
The Smart Blocks Rebate will reimburse owners corporations a maximum of $3,000 or 50% of the solar or lighting project cost, whichever threshold is reached first.
Smart Blocks is a national program helping apartment owners and their managers to improve the energy efficiency of common property in apartment buildings.
These days, many of us city dwellers live up near the clouds, scraping the sky in high-rise apartments.
Yet apartment buildings are notorious energy guzzlers. On average, residents of high and medium density blocks use 25 per cent more energy than those in detached dwellings. Up to half of this energy use comes from common areas like hallways, car parks and swimming pools.
Saving energy in these common areas makes sense – but it’s not always easy to know where to start.
Smart Blocks was developed in partnership between Strata Community Australia, City of Sydney, City of Melbourne, Owners Corporation Network of Australia and Green Strata. The Smart Blocks program received funding from the Department of Industry as part of the Energy Efficiency Information Grants Program.
Community Sustainability Infrastructure (CSI) Fund – Victoria Only
Sustainability Victoria recently announced a new funding program called the Community Sustainability Infrastructure (CSI) Fund.
The Fund is open to Victorian community groups, local government and businesses to lend a hand to achieve local sustainability goals. The objective of the program is to support small to moderate scale infrastructure projects demonstrating best practice and/or innovation that facilitates recycling, energy efficiency and/or local environmental improvement.
The fund comprises two streams:
- Community grants of up to $50,000 are available to community organisations, charities, and schools for infrastructure projects that achieve either a sustainable energy or resource recovery outcome (projects must be completed within 12 months of being contracted). In this stream the grants are matched dollar for dollar.
- Local Government and business grants are available to support both feasibility studies and capital expenditure to achieve resource and energy efficiency, resource recovery and/or local environmental improvement outcomes (projects must be completed by 30 June 2017). In this stream the funds are matched on a 1:2 ratio (i.e. the grant covers a third of the costs).
There is cross over between the EEOB program and the CSI fund, specifically as CSIF will fund capital equipment upgrades not eligible under EEOB. Because of this, it has been determined by Sustainability Victoria that any office building owner looking to take advantage of the CSI fund would be required to first apply to EEOB. This means that a new building owner looking to take advantage of the CSI Fund would need to both apply and be approved to join EEOB and complete the stage one opportunities assessment before they could submit a CSI application.
On completing an opportunities analysis through EEOB, a building owner could chose to either go straight to tuning or forgo CSIF funding, or to apply for CSIF funding for the purchase of eligible capital items. If successful with CSI, they would still be eligible to have the costs of installing and commissioning the new equipment through the EEOB stage 2 funding. Monitoring & Evaluation (stage 3 works) would also still be funded through EEOB. Note that funding is also available to building owners already in the EEOB program.
The CSI fund is open until June 2017 or until the funds are exhausted.