NSW Businesses: Secure your future with grants for enhanced energy management
Explore how businesses like Tip Top have harnessed the power of energy metering to achieve substantial cost reductions and operational improvements.
At Powersensor, we are committed to informing you about the latest grants and funding opportunities that can significantly reduce your business's operational costs. We're excited to share details about the new Metering Plan Implementation Grant the NSW Government provides.
Does your business operate with these energy processes and systems?
Multiple processes (e.g., refrigeration and heating)
Multiple distribution systems (e.g., steam and compressed air)
Multiple energy types (e.g., electricity and gas)
Multiple end uses (e.g., furnaces, freezers, pasteurisers)
If so, you might be eligible for the Metering Plan Implementation Grant, a fantastic opportunity for businesses in NSW to enhance their energy efficiency.
Please note:
Powersensor is not directly affiliated with this grant provider and is sharing this information as a education material, as a courtesy to the reader.
Key Grant Details:
Status: Open Now
Grant Amounts: Up to $100,000 covering 50% of project costs
Application Deadline: 14 June 2024 or until funding is exhausted
Apply now for a Metering Plan Implementation Grant and receive substantial support to cover 50% of the costs of installing an energy metering and monitoring system. This initiative aims to empower your business by providing valuable insights into your energy usage, enabling you to:
💰Save around 5 to 15% in energy costs
💡Enhance overall energy performance
⚡Evaluate the practicality of electrification at your site
⚒️Access government support for equipment upgrades and more
Tip Top, one of Australia's leading bread and bakery product producers, has already seized the opportunity. By upgrading its metering system, Tip Top measured a 6% decrease in annualised energy use and plans to roll out submetering systems across its manufacturing sites in Australia and New Zealand. Dive deeper into Tip Top's success in the Case Study available from Energy NSW.
Helping You Understand the Cost of Running Appliances
Powersensor enables you to monitor and track your energy consumption in real-time, providing valuable insights that help you make informed decisions about reducing energy usage and costs down to the appliance level. Helping you forecast your energy usage and budget accordingly to prevent unexpected bills. While helping to lower your energy expenses, reduce your carbon footprint, and improve your overall energy efficiency.
Are You Eligible for the Grant?
Grant Overview
Implementing metering and monitoring systems is crucial to identifying energy-saving opportunities and justifying equipment upgrades. The Metering Plan Implementation Grant from the NSW government offers up to $100,000, covering 50% of the costs involved in implementing the recommendations of your energy metering and monitoring plan.
Funding Insights
$1.5 million available in Round 1
Up to $100,000 grant (excluding GST) covering 50% of eligible project costs
Projects must be completed within six months of the funding deed start date.
Eligibility Criteria
To qualify, your business must:
Have an energy metering and monitoring plan (not older than three years)
Hold an Australian Business Number (ABN) and be GST-registered
Conduct the proposed project at a NSW site
Spend a minimum of $200,000 annually on energy bills at the specified site
Have a complex energy system involving multiple processes, distribution systems, energy types, and end uses
For commercial buildings, ensure the base building is eligible and the occupancy certificate predates 1 January 2022.
Explore the funding guidelines for a comprehensive understanding of eligibility and assessment criteria.
Apply Now
Applications are open and will close on 14 June 2024 at 5:00 pm AEST. Before applying, familiarise yourself with the funding guidelines and FAQs for crucial information on eligibility, application requirements, and the assessment process.
Apply here for the NSW Metering Plan Implementation Grant!
