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Govt grants for SME energy efficiency

Small businesses can receive federal funds for energy efficiency 16000646 800479519 0 0 14026695 300

Making energy savings in the workplace can have advantages for many parts of a business.

Differentiating your products or services through eco-friendly practises can draw new clients while making small changes to energy use can reduce operating costs and the impact of electricity prices.

Government grants are also being offered for small and medium-sized businesses to make use of, with $20 million of federal funding being earmarked for energy efficiency schemes for SMEs and community groups as part of the Clean Energy Future package.

The minister for climate change and energy efficiency, Greg Combet, announced the completion of the first wave of approved applicants for the grants, saying that the number of submissions was heartening.

There were 200 high-quality proposals received in this round and Mr Combet has encouraged those enterprises that were not successful with achieving grants this time to apply again for the next wave, which will open in October this year.

Additional allowances for SME energy efficiency are also available under the Clean Energy Future package, including technology advice and non-grant support programs.

The Australian government is also increasing the instant asset write off for small and medium businesses with turnover of less than $2 million per year to $6,500.

Posted by Charlie Moore