, Australia

Australia to launch energy efficiency grants for SMEs

Grants application will start on 6 March 2023 at 10 am AEDT.

The Australian Government will be launching a grants programme for small and medium businesses to boost energy efficiency, reduce emissions, and alleviate pressure on energy bills, allotting A$16m for the first round of funding

In a statement, the Department of Climate Change, Energy, the Environment and Water said the grants under the Energy Efficiency Grants for Small and Medium Enterprises programme will range from A$10,000 up to A$25,000 to eligible businesses for monitor energy use, upgrade or replacing equipment that will improve energy efficiency and reduce costs.

The amount can be used for various energy efficiency measures including heat pumps, lighting upgrades, space and water heating improvements and energy monitoring systems.

READ MORE: Australia’s electricity demand up 3% YoY in 2022

“The funding will support the uptake of new technologies to improve energy affordability and productivity, benefitting the wider economy and lowering carbon emissions,” the department said.

Applications for grants will start on 6 March 2023 at 10 am Australian Eastern Daylight Time to 19 April 2023 at 5 pm Australian Eastern Standard Time or until the funds are used.

Grants will be given on a first-come, first-served basis until the funds are used in each jurisdiction, the department noted.

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