Supporting small businesses to save energy and money

A new program helping Tasmanian small businesses to identify energy and money-saving strategies has been launched today.

The PowerSmart for Small Business program will provide grants up to $1000 to Tasmanian small businesses to help cover the cost of energy efficiency audits, as part of our 2030 Strong Plan for Tasmania’s Future.

Minister for Energy and Renewables, Nick Duigan, said the program would assist businesses to identify where and when they use energy as well as practical ways to reduce consumption and costs.

“Understanding energy consumption is crucial for businesses to find the best ways to save money,” Minister Duigan said.

“The PowerSmart program will give our small businesses the tools to become more energy efficient, which in turn, will help them reduce their operating costs.

“This program not only benefits individual businesses financially but will also contribute to broader economic and environmental goals, such as reducing overall energy demand and potentially lowering emissions across Tasmania.”

Eligible small businesses will be able to choose their own energy efficiency auditor. Upon completion of the audit and submission of satisfactory documentation, a grant will be paid to reimburse the business.

Additionally, businesses will be encouraged to take advantage of the Government’s Energy Saver Loan Scheme, which offers financial support for energy-efficient equipment upgrades based on audit recommendations.

The PowerSmart for Small Business program will offer up to $450,000 in annual support for four years, totalling $1.8 million, dependent on uptake.

The program is now open and applications can be made from today.

To view the program guidelines visit recfit.tas.gov.au

Those interested can register their interest by emailing powersmart@recfit.tas.gov.au​