Federal Government launches business grants for energy efficient equipment

by Sophie Berrill
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grants

Small to medium-sized businesses across Australia can now apply for up to $25,000 to replace or upgrade their existing equipment to improve energy efficiency, save on energy bills and bring down emissions. 

Businesses with one to 199 employees can use these grants to upgrade or replace existing air conditioners with high efficiency units or gas heating boilers with heat pumps. Other activities supported through the program include energy audits of business sites and investment in energy monitoring systems.

Round one is a $16 million investment from the $62 million program that is slated to help businesses use less energy and improve competitiveness, while reducing their carbon footprint.

Assistant Minister for Climate Change and Energy Jenny McAllister says the grants would improve SMEs’ energy management practices, cut energy bills and also help Australia reach net zero emissions by 2050.

“Businesses could use this funding to replace old lights with LEDs or upgrade commercial refrigeration with energy efficient units in hospitality businesses,” McAllister says.

The new grants will be allocated to states and territories based on the distributions of small and medium businesses nationally. They will be awarded to eligible applicants on a first come, first served basis, and the Government expects a high level of interest for the demand-driven opportunity.

Applications for the grants close 5:00 pm 19 April 2023, or when funding is exhausted. Check if you can apply here.

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