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Get up to $12,500 in QLD government rebates for your customers business lighting upgrades!

By February 23, 2024No Comments

Do you own an electrical contracting business in QLD?

The Queensland Business Energy Saving and Transformation (QBEST) Rebates initiative offers rebates to qualifying small and medium-sized businesses in Queensland to implement energy-efficient equipment.

The energy-efficient equipment you buy and set up should decrease energy consumption, reduce energy bills for your business, and support the Queensland Government’s carbon reduction objectives.

 

What rebates are available?

Rebates of up to $12,500 are on offer for eligible businesses that purchase (and install) approved energy-efficient equipment (including LED lighting). Businesses must spend a minimum of $8,000 (excluding GST) on the equipment’s purchase and installation.

The rebate equals 50% of the purchase and installation costs (excluding GST) of the approved equipment. For instance, if you spent $10,000 including GST on eligible equipment, you can claim 50% of the GST exclusive amount ($9,090.90 excluding GST) and would receive a rebate payment of $4,545.45.

Each eligible business is entitled to only one rebate. Nonetheless, a rebate application may encompass several eligible energy-efficient equipment items, as long as the total rebate amount does not surpass $12,500.

Applications will be processed in the order of their submission date, and each round will close once the assigned funding has been utilized.

Eligible assets or upgrades will need to be first used or installed ready for use between 1 July 2023 and 30 June 2024.

 

How Can M-Elec Assist?

M-Elec offers a huge range of LED Lighting and LED Strip products that can achieve significant energy savings. M-Elec’s project design team can provide free full lighting designs to ensure you access the absolute maximum energy savings. Contact the M-Elec projects team, to help secure your next lighting project.

 

Queensland Government

Program key details:

Eligible business size Small to medium-sized businesses with 2 to 199 full-time employees
Status Round 1: Open
30% of budget allocated
Opening date 9am, 5 October 2023
Closing date 30 June 2025
Each funding round closes once the allocated funding has been exhausted, with further rounds expected in February and August 2024.
Available funding A rebate of up to 50% of the purchase and installation costs (GST exclusive) of eligible equipment, up to a maximum of $12,500. A minimum spend of $8,000 (GST exclusive) is required.
Co-contribution 50% of the purchase and installation costs (GST exclusive)

Learn more & apply here: https://www.business.qld.gov.au/running-business/energy-business/energy-efficiency-rebate