GRANTS AND INCENTIVES – WHAT’S NEW AND WHAT’S CLOSING SOON?

Energy briefing update - August 2021

The past quarter has seen two states introduce new incentives to promote electric vehicle (EV) uptake while other incentives will soon be coming to a conclusion, such as the Victorian Government’s Energy Innovation Fund, which closes on Thursday 23 September 2021.

Browse the latest and closing grants and other support available to business below:

• New South Wales

• Tasmania

• Victoria

Thinking about buying a new commercial fridge? An energy efficient refrigerator can save you hundreds of dollars on your power bills every year.

Eligible small businesses can get a NSW Government rebate for new plug-in commercial fridges and freezers. Businesses can receive a rebate of up to $1,490 per fridge.

To get the rebate, purchase or lease an eligible product before 30 September 2021.

Learn more here.

Beginning 1 September 2021, the NSW Government will offer $3,000 rebates for the first 25,000 new battery electric and hydrogen fuel cell vehicles purchased for less than $68,750 inclusive of GST. Businesses will also benefit from a stamp duty removal and savings in running costs of up to $7,500 a year by switching to an EV. The NSW Government is expected to provide more details on how to apply for the rebate shortly.

Learn more here.

The Tasmanian Government has removed stamp duty from purchases of EVs for the next two years. The waiver applies to the purchase of new and second hand 100% electric or hydrogen vehicles and is expected to reduce the initial purchase costs of EVs by around $2,000 on average. The program started on 1 July, and details on how to apply for the exemption are still to be announced. The exemption will be backdated for purchases made from 1 July 2021.

Learn more here. 

The Victorian Government has developed the Energy Innovation Fund to support the commercialisation of innovative, emerging renewable energy technologies in Victoria, required to meet its target of net zero emissions by 2050.

Round 2 applications are now open and will close at 2pm AEST on Thursday 23 September 2021.

Learn more here.

There are many ongoing grants and programs available to businesses looking to improve their energy management strategy. For a full list, visit energybriefing.org.au/current-grants.

Click here to return to the third edition of the energy briefing update.

About Navigating a dynamic energy landscape

There is an enormous amount of information on energy in the public domain, yet it can be hard for business leaders to extract what matters for their businesses.

Navigating a dynamic energy landscape: a briefing for Australian businesses is an executive-level briefing designed to cut through the noise and help businesses confidently navigate Australia’s dynamic energy landscape.

The sector spotlights and other resources that accompany the briefing exist to support this aim.

This initiative is delivered by the Energy Efficiency Council with the support of industry and the NSW Department of Industry, Planning and Environment.

To learn more visit energybriefing.org.au.