NSW Submetering Grants Closing Soon

Many businesses have one electricity meter for their premises and because of this, it is very hard to determine which parts of the business are consuming the most electricity. Making it harder to work out where the business should focus on reducing its electricity usage.

If this is your business, the NSW Submetering Grant may be of assistance. But you need to be quick, applications are closing on 2 December 2022.

The NSW Submetering Grant provides up to $20,000 in matched funding to allow you to instal sub meters on your premises to allow for the measuring and monitoring your equipment. This can help you understand how much energy your equipment uses so that you can make informed decisions about maintenance and upgrades.

Eligibility for the NSW submetering Grant

To apply for grant, you must:

have an Australian Business Number (ABN) and be registered for GST
be a business with a submetering project at a NSW site address
spend a minimum of $200,000 a year on energy bills at that site.
If your application is for a commercial building only the base building is eligible and the occupancy certificate must have been issued prior to 1 January 2022.

You can apply for one grant per site. If you have more than one site, you’ll need to submit a separate application for each site.

Funding Available

The funding is matched funding up to $20,000 (excluding GST) per site. For example if you spend $50,000, the maximum you will receive is $20,000. If you spend $30,000, the maximum you will receive is $15,000.

The money is paid at the completion of the work and your project must be implemented by 30 June 2023, without exception.

Eligible Project Costs

Eligible project costs are those costs incurred to install and commission permanent submeters that are required for measuring energy performance including any hardware and integration with software needed to monitor energy use. Note you will need quotes as part of your application

Learn More and Apply

To learn more and apply, click here

Note applications are closing at 5pm AEDST on 2 December 202

Wayne Wanders is an experienced Business Advisor skilled in analysing business financial performance and cash flow. Wayne may also be able to assist you in preparing your grant application. Contact Wayne below for a free no obligation session.

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