The Australian Government has unveiled the $16 million Energy Efficiency Grant Program to help small businesses turbocharge their energy performance.
690 businesses have received grants of up to $25,000 to invest in energy performance technologies and make every watt count.
A Tasmanian pool that is improving its energy management system and a Top End hotel that is replacing its refrigeration are among businesses that have received grants from the first round of the program. Other projects that have received funding include installing energy monitoring systems, replacing traditional air conditioning units with high-efficiency ones, and converting heating boilers to heat pumps.
According to the Federal Government, up to 3.9 million businesses could benefit this fiscal year from the Small Business Energy Incentive. Furthermore, the Government noted that all businesses will benefit from the National Energy Performance Strategy, which will chart a course for all businesses to reduce their energy use.
Minister for Small Business Julie Collins stated that the awards offered critical help for businesses to become more energy efficient and relieve pressure on their energy expenses.
“We know energy costs are a significant part of many small business budgets, so we know this practical support will be welcomed,” Minister Collins said.
“They underline the Albanese Government’s continuing commitment to ease cost-of-living pressures for Australian small businesses doing it tough, by putting downward pressure on their energy bills,” Minister Collins added.
Assistant Minister for Climate Change and Energy Jenny McAllister stated that assisting SMEs in increasing their use of energy-efficient technologies will give them greater control over their energy usage and cut emissions.
“We’re determined to make every watt count, and these grants offer vital support to our SMEs, helping them lower energy use while reducing their carbon footprint,” Assistant Minister McAllister said.
“This is just another example of the Albanese Government helping small businesses, councils, and homes access technology that will put downward pressure on their energy bills,” Assistant Minister McAllister added.
The second round of grants will be available in early 2024.
