Electricity bills are a big cost for business owners. The good news is improving energy efficiency can help to reduce this cost and recently the Federal government provided a big incentive to businesses. Read more Energy Efficiency Programs
The Energy Efficient Communities Program will assist businesses and community organisations to improve energy efficiency practices and technologies and better manage energy consumption to reduce their power bills. Each business can get from $5k to $20k for their energy efficiency project.
From installing LED lighting to upgrading heating and cooling systems, businesses can implement a range of strategies to lower their energy footprint and at the same time improve property value and reduce operating costs.
Other solutions include building sealing/insulation, voltage regulation, power factor correction, improving the quality of supply and energy generation such as Solar PV. Many other things can be done. This grant covers
- replace existing equipment with higher efficiency equipment
- install or replace a component/s to help an existing system run more efficiently
- carry out energy audits
- carry out monitoring of energy usage and emissions
Applications are open now and will be closed very shortly on 26th of August, 2020. Grants are to be approved taking into account submission time and date and distribution across federal electoral divisions. So, the earlier you apply the higher chance of approval your project will have.
This does not mean that you need to change some of your expensive assets. However, before acting, you should understand your energy profile to know which energy reduction strategies will best suit your business needs.
First things First, Monitoring to Determine Your Energy Needs
Here’s an energy monitoring strategy that will help you to understand your consumption patterns , trends and explain contribution of PV systems.
Most energy monitoring systems will give you real-time consumption data. Some of them like inavitas energy management system will also provide your device consumption data in your system so that you can identify where the bottlenecks are and take effective action.
Overall, it is a good to time to increase your system efficiency and there are many options in the industry. However, it would be better to understand first what your system needs. That’s why I recommend you install an energy monitoring, management system. Initially, so you can make an informed decision about your energy efficiency needs.
Please contact us from Contact if you want to discuss how we can help and confirm if you’re eligible to apply.