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Business grants for energy-efficient upgrades

09 February 2024

A new round of the Energy Efficiency Grants (EEG) program will provide eligible small and medium businesses up to $25,000 to purchase energy efficient equipment.

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A further $41 million has been allocated to the EEG for SMEs to improve energy efficiency, save on energy bills and lower emissions.

The grants are worth between $10,000 and $25,000 and can be used to upgrade to more efficient equipment, such as replacing air conditioners with high efficiency units or gas heating boilers with heat pumps.

The grants cover up to 100 per cent of eligible expenditure.

The first round of grants allocated funds to 674 businesses for energy savings from upgrades to pool covers, heat pumps, air conditioners, as well as more efficient hot water pumps and compressed air improvements.

Minister for Small Business the Hon Julie Collins said: “These grants are another example of our government providing targeted support to small businesses. I encourage small businesses to read the Grant Opportunity Guidelines to check if they are eligible for this new support.”

Applications for the grants will open in Victorian on Thursday 22 February 2024.

The $41.2 million will be allocated to states and territories in proportion to the national distribution of SMEs.

Grants will be awarded on a first come, first‑served basis until each jurisdiction’s allocation is exhausted.

More information, criteria and applications are available via Energy Efficiency Grants for Small and Medium Enterprises Round 2.

How the Victorian Chamber can help

The Victorian Chamber offers an evolving range of products and services to businesses seeking to drive sustainable performance and impact in the workplace. Find out how to unlock the value of ESG.

The Victorian Chamber also has a Grant Finder tool available for members to help find and determine eligibility for programs.

Ensure you aren’t missing out on programs that could help your business grow, innovate, export, become more energy efficient, recover from disasters, improve the wellbeing of your workforce, and much more.

 

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