The Energy Efficiency Grants for SME’s Round 2

The Energy Efficiency Grants for SME’s Round 2 will support businesses to upgrade or replace inefficient equipment to improve their energy efficiency and reduce their energy use.

Under this program eligible businesses can get grants from $10,000 to $25,000 to cover up to 100% of eligible project expenditure.

This is a demand driven grant opportunity and will be awarded to eligible applicants on a first come, first served basis until the funding is exhausted in each jurisdiction.  Note applications are now closed as the grant has been oversubscribed

Eligible entities

To be eligible you must:

• have an ABN and be either an entity incorporated in Australia; a partnership or a sole trader. Note a Trustee of a trust can apply.
• 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

Eligible Projects

Your project must:

• be aimed at reducing the energy consumption of your business in Australia
• have at least $10,000 in eligible expenditure.

You can use this grant funding for:

• an energy audit of your site or part of your site
• purchase or hire of equipment to measure, monitor and record energy use or to monitor a process, where this facilitates optimisation or energy management
• 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

Ineligible Expenditure

Expenditure items that are not eligible are:

• internal salaries and labour costs for employees of your business
• the cost of business as usual activities,
• purchase of vehicles, new or used
• purchase of equipment that is not related to your business and improving energy efficiency
• purchase of energy generation equipment such as solar panels or biomass generation systems
• purchase of solar panel, inverter or battery components for solar-powered pumping systems
• purchase of electrical energy storage equipment, such as batteries
• maintenance and repair costs for equipment
• costs associated with switching from electricity to gas
• purchase of new equipment where it replaces equipment that is broken or no longer functional.

Learn More and Apply

Click here to learn more and apply

Note applications open from 22 February 2024 depending on which state you are in.  All applications close 8 April 2024.

If you want a confidential discussion on your business situation, or help with this grant contact me below

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At the end of this session, you will have multiple ideas on how your business can survive and thrive in these uncertain times.

Simply fill in the contact form below or email me at wayne@aRealCFO.com.au or call me on 0412 227 052 to organise one of these obligation free sessions.

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Let Wayne Wanders, a fully qualified and experienced CFO, help you successfully navigate your way through your financial challenges so your business can survive and thrive in these uncertain times.

Wayne Wanders, A Real CFO

wayne@aRealCFO.com.au