Are you considering applying for an energy efficiency grant? Perhaps to fund an energy audit or energy efficiency assessment, or to move ahead with implementing energy saving measures. Maybe you have already received
the grant. Here are 5 ways you can maximise the energy saving results of your grant.
5 tips to getting the greatest value from an energy efficiency grant
- Keep the end firmly in mind
That is, reducing your energy usage, costs and carbon footprint. Be careful you aren’t side-tracked and that your focus (and budget) is mostly spent on saving energy, not just getting a report on how to save energy.
- Be willing to invest to save energy
Unless you are a small energy user, if you really want to significantly cut your energy use, the money from the grant won’t be enough. Be prepared to put your own money in, and have a total budget that is larger than the grant.
- Don’t treat the grant as money for free
That’s a gamblers attitude, and there is a fairly high risk you ultimately won’t benefit much at all. Instead imagine the grant money is actually yours, and you need to account for how well its spent and the ROI. (See point 1 again).
- Use an energy efficiency professional
The chances are that you’ve had good experience, like I have, with professionals such as accountants, physiotherapists or similar. You don’t necessarily need to get an accountant to do your tax return, you could DIY. But the accountant will probably be able to identify some legitimate tax deductions that you just didn’t see and give you other useful advice. There’s a good reason why professions exist – you get access to expertise that can give value. An energy efficiency professional – whose full time job is helping energy users use less energy – similarly can give you value.
- Scale to your current energy spend
If you are spending less than $20,000 a year on energy, it could be worthwhile contracting an energy efficiency expert for a half day/one day to give you guidance or undertake a simple energy efficiency assessment, but the expense of an Australian standards compliant energy audit is not advised. More than $20,000 a year? I would suggest that you definitely get an experienced energy efficiency professional to help.
Get in contact if you would like to learn more, and get assistance with:
- applying for a grant, or
- if you want to make the best use of funding your received through an energy efficiency grant