What is the Power$mart Business Program?
The Power$mart Business Program provides Tasmanian businesses with funding to help them carry out energy audits on their operations and buildings to review energy use and find ways to reduce it.
Energy costs make up a significant proportion of the operating costs of Tasmanian businesses. Improved energy efficiency can help lower your power bills, protect against future energy price rises, and reduce greenhouse gas emissions.
The Tasmanian Government’s Power$mart Businesses program offers funding to review your business’s energy use and help find ways to reduce it. The Department of Premier and Cabinet’s Tasmanian Climate Change Office (TCCO) manages Power$mart Businesses.
Funding of $150,000 is available from the Power$mart Business Program for a limited number of energy efficiency audits each financial year. Funding is available over two financial years, from 2018-19 to 2019-20. Applicants who miss out on participating after the funding allocation is reached for the current financial year can remain on the waiting list for the following year’s funding.
To comply with the requirements of AS/NZS 3598.1:2014, the energy auditor will carry out a number of tasks which include:
- conduct an on-site visit to your business’s premises;
- analyse your electricity use and tariffs;
- identify energy saving opportunities; and
- calculate the financial payback for energy savings opportunities.
A Tasmanian business is eligible to apply for the Power$mart Business Program if it:
- operates as a sole trader, trust, partnership or private company;
- is registered for tax purposes in Australia with an Australian Business Number and is registered for the Goods and Services Tax (GST);
- has less than 50 full-time equivalent employees; and
- has an annual electricity consumption of more than 100 megawatt hours per year.
Priority will be given to the following business types:
- commercial office space or retail tenancies;
- independent supermarkets; or
- commercial accommodation (for example hotels and motels but excluding residential-based accommodation such as Airbnb).
Applications close 30 June 2020.