Get Energy Savings: New Grants for SMEs Announced by DCCEEW

By
R J Sanderson & Associates Pty Ltd
Published on 
February 14, 2024
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In an effort to boost sustainability and energy efficiency, small and medium-sized enterprises (SMEs) across Australia are on the cusp of a significant opportunity. The Department of Climate Change, Energy, the Environment and Water (DCCEEW) has announced Round 2 of its Energy Efficiency Grants, providing a financial springboard for businesses aiming to reduce energy bills and emissions.

New Funding Opportunities

With an impressive $41.2 million pool, these grants, ranging from $10,000 to $25,000, are set to empower businesses to take actionable steps towards energy efficiency. This initiative is not only an investment in the future of individual enterprises but also a step towards Australia's broader environmental goals.

Scope of the Grants

Eligible businesses can leverage these grants for various enhancements, including:

  • Upgrading to energy-efficient technologies, such as high-efficiency display fridges and electric cooking equipment.
  • Revamping space and water heating systems for better energy consumption.
  • Undertaking comprehensive energy audits to identify saving opportunities.
  • Installing sophisticated energy monitoring systems to manage usage effectively.

Application Process

Grants will be allocated on a first-come, first-served basis, encouraging prompt applications. Those who missed out in Round 1 are especially urged to reapply, keeping in mind the updated eligibility criteria.

Case Studies and Resources

To gain insight into successful energy-saving measures, applicants can review case studies from the Energy Efficiency Communities Program, which highlight businesses like Port Phillip Estate and Thredbo Valley Distillery.

Getting Started

Prospective applicants can sign up for GrantConnect alerts to stay informed about this and future grant opportunities. It's essential to read the grant guidelines thoroughly as the application process kicks off in a staggered manner from Thursday, 22 February 2024, to mitigate the anticipated high traffic on the Business Grants Hub portal.

State and Territory-Specific Rounds

Applications are to be lodged based on the location of the project, ensuring a fair distribution of funds. This localized approach means competition is only against peers within the same jurisdiction, maximizing chances for all.

We are here for you

As the application window for Round 2 of the Energy Efficiency Grants for SMEs draws near, we at R J Sanderson & Associates stand ready to assist you. Preparing in advance by understanding the guidelines and readying your application can place your business in a prime position to benefit from these grants. These grants represent not just a pathway to cost savings but also your commitment to sustainable business practices in line with global energy efficiency trends.

Should you have any questions or need expert assistance in navigating the application process, please reach out to us at R J Sanderson & Associates. Our knowledgeable team is here to support you every step of the way, ensuring you have the best possible chance to secure these funds for your business.

For further details or to initiate your application, contact R J Sanderson & Associates today.

This article is published by R J Sanderson and Associates Pty Ltd ABN 71 060 299 783. This article contains general information only and is not intended to represent specific personal advice (Accounting, taxation, financial or credit). No individual personal circumstances have been taken into consideration for the preparation of this material. It is recommended that you obtain your own personal professional advice before making any financial or business decision.

R J Sanderson & Associates Pty Ltd
Last modifed
February 16, 2024

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