Cash for Office Energy Efficiency Upgrades

THE State Government of Victoria, Australia, is to hand out AUS$3.59 million in grants to help improve the energy efficiency of Victoria’s commercial office buildings.

The Coalition Government’s 'Smarter Resources Smarter Business – Energy Efficient Office Buildings' program aims to increase business productivity and reduce costs for building owners across Victoria by improving energy efficiency.

“The commercial building sector is a significant consumer of energy and producer of greenhouse gas emissions, with older and less efficient office buildings estimated to emit the equivalent of more than 1.3 million tonnes of CO2 per year,” stated the Minister for Environment and Climate Change, Ryan Smith.

“The Smarter Resources Smarter Business – Energy Efficient Office Buildings program is expected to reduce CO2 emissions by more than 140,000 tonnes over 10 years.”

Smith said the funding would help building owners undertake steps to improve building efficiency, such as monitoring energy use.

“The program will improve business competitiveness by allowing building owners to take steps to improve efficiency, reduce energy costs, increase tenant appeal and asset value.

“Many of these measures have a payback period of less than three years and the total program is expected to save Victorian businesses around $9 million. We also expect the program to create jobs and seed the market for further upgrades,” Smith concluded.

The program will provide matched grant funding of $20,000 to $150,000 to owners of mid-tier commercial office buildings to deliver cost-effective energy savings.

Picture of Melbourne by Donaldytong (Own work) [GFDL, CC-BY-SA-3.0 or CC-BY-SA-2.5], via Wikimedia Commons

Tuesday 3rd September 2013


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