Energy Efficiency Grants for SMEs program $10,000 to $25,000

The Federal Government is delivering a further $41 million in Energy Efficiency Grants (EEG) for small and medium enterprises (SMEs) to improve energy efficiency. The grants between $10,000 and $25,000 can be used to upgrade to more efficient equipment. This includes replacing air conditioners with high efficiency units or gas heating boilers with heat pumps, helping SMEs lower power bills and emissions.

The first round of grants awarded $15.5 million 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. Round two is a $41.2 million investment that will help businesses use less energy and improve competitiveness, while reducing their carbon footprint. The $41.2 million will be allocated to states and territories in proportion to the national distribution of SMEs. Applications for the grants will open across the country on different dates starting from 22 February 2024.