The NSW Government has unveiled $4.5 million worth of grants to save businesses money, improve energy performance and reduce emissions long term.
Three grants encourage medium-to-large organisations to invest in metering and monitoring solutions which better track their energy usage.
Data from these systems can be used to enhance and report on energy performance, which can help business owners save up to 15 per cent on their energy bills.
The grants are designed to suit enterprises at any stage of their metering journey:
- Submetering Grant (round 2): Helps businesses install permanent submeters, including hardware and software integration. It can provide up to half the project costs, capped at $20,000.
- Metering Plan Implementation Grant (round 2): Offers businesses $20,001-$100,000, covering up to half the project costs, for comprehensive metering and monitoring upgrades, informed by eligible metering and monitoring plans.
- Energy Performance Services Grant: Focusing more on services rather than hardware, this grant provides up to $50,000, covering up to half the project costs, for planning, access to energy monitoring and analytics software, data integration, and expert guidance.
Since 2022, the Submetering Grants have awarded almost $950,000 in grant funding to 60 projects.
Separately, 23 projects have been implemented under the Metering Plan Implementation Grants, with $1.3 million in funding awarded.
These grants have supported sectors including manufacturing, hospitality, retail, healthcare, education, and sports facilities.
Businesses can learn more and apply for the grants here.
Quote attributable to Rana Juppin, NSW DCCEEW Director Capacity Building and Market Development:
“These funding opportunities are a win-win for businesses, cutting their energy costs while bringing down emissions through smart and specific solutions.
“Any business spending $200,000 or more on energy annually should explore which of these three grants best suits their needs.
“With $4.5 million available for metering and monitoring upgrades and support, we’re encouraging businesses to take advantage of this opportunity and be part of NSW’s clean energy transition.”