$1.5 million in grants for NSW businesses to save on energy costs

Businesses in NSW can apply for grants up to $20,000 from the NSW Government to help them save on energy bills by identifying ways to fine-tune processes and upgrade equipment.

The grants are part of a $12 million metering packaging being delivered by the NSW Net Zero Plan over the next five years. The first round of grants, which total $1.5 million, will fund up to 50 per cent of installation costs for businesses to install new submeters which provide data about equipment performance.

Steve Proctor, Director of Program and Market Development, said understanding a business’s energy use enables operators to decide how they maintain their equipment for best performance or whether to upgrade older equipment.

“Metering is a critical first step in energy management because a lack of metering, monitoring and energy management capabilities stops business starting energy efficiency projects.

“Metering helps cut energy use, particularly at peak times, manages energy costs and detects faults and equipment failures.”

Businesses that spend over $200,000 a year on energy bills can apply for submetering grants on the EnergySaver website.

Increasing the number of businesses metering and monitoring energy and taking action to reduce consumption in their facilities will help meet the NSW objective to halve emissions by 2030.

The grants close on 2 December 2022 unless funding is taken up earlier. All projects must be complete by 30 June 2023.

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