The Australian Government are offering government grant funding, from $10,000 and up to $25,000 for businesses to upgrade or replace inefficient equipment to improve their energy efficiency.
Eligible projects must be aimed at reducing the energy consumption of your business in Australia and include at least $10,000 in eligible expenditure.
The objectives of the program are to
- improve energy efficiency practices and increase the uptake of energy efficient technologies.
- assist small and medium businesses to manage their energy usage and costs.
- reduce greenhouse gas emissions.
Eligibility
You can apply if you are an entity incorporated in Australia, a partnership or a sole trader and must:
- have an Australian business number (ABN)
- be a small or medium sized business with an employee headcount from 1 to 199 employees averaged over any consecutive 12-month period since 1 July 2019
- have consent from the owner of the project location to undertake the project, if the entity is not the owner of the project location.
Check if you can apply here.
Eligible projects may include
- purchase of equipment to replace existing equipment, where the new equipment is higher energy efficiency.
- costs to decommission, remove and dispose of the old equipment that is replaced.
- purchase of equipment or components to help an existing system run more efficiently in regard to energy.
- building permits or approval costs to install equipment, where required.
- the cost of suppliers, consultants and contracted labour undertaking eligible project activities.
How to apply
Please note – grants will be awarded to eligible applicants on a first come, first served basis until the funding is exhausted in each jurisdiction. There is a total of $16 million available for this grant opportunity.
- Applications open on Monday 6th march at 10am (AEDT).
- Applications close on Wednesday 19 April 2023 at 5pm (AEST).
More information on the program and links to the online application form can be found here.
Have any questions or need help with your application? Contact Crest Accountants today.
Disclaimer: The information contained in this news post is general in nature and is intended to provide a general summary only and should not be relied on as a substitute for professional advice. Whilst the information is considered to be true and correct at the date of publication, changes in circumstances after the time of publication may impact upon the accuracy of the information.
