The Powering Business Grants are being funded under the Malinuaskas Labor Government’s $154 million Business Growth Fund.
Applications will open later this month for eligible businesses and not-for-profits with up to 199 employees. They will be able to apply for grants of up to $75,000 to invest in energy efficient equipment to help reduce their power bills.
The government will match the business dollar for dollar to assist them to purchase equipment such as solar panels, batteries, more energy efficient equipment such as refrigerators, freezers or dishwashers or to make improvements to their building to ensure more efficient heating/cooling.
The previous round saw more than 1,000 businesses across South Australia share in $23.6 million worth of grants. This is reducing their power bills by approximately $24 million a year, as calculated by the businesses at the time of their application.
The top three industries to receive grants were retail, hospitality and accommodation and manufacturing.
The most popular equipment installed was battery and solar systems followed by more energy efficient appliances and motors, pumps and compressors.
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