You’ve probably heard about the Energy Savings Scheme (ESS), but do you know what all the fuss is about? We’ve outlined a basic overview of the scheme below.
The ESS is an NSW energy efficiency scheme which encourages energy savings by reducing electricity consumption and offering financial incentives for organisations who invest in energy saving projects. Businesses and homeowners who would like to save energy can all get involved in the energy saving scheme.
If you are considering an investment to replace, upgrade or install energy-saving equipment or providing a service that saves energy, then you may be able to claim a rebate from the NSW Government through the ESS. The investment, such as switching older lighting technology to LED products, will need to save more than 500 Megawatt hour (MWH) per annum.
There are accredited certificate providers that can provide energy saving solutions and quotations that will maximise the ESS rebate and provide further information on the scheme.
Businesses who work with these providers create energy savings certificates for each notional MWh of energy that the project saves. The energy savings certificates can then be sold to scheme participants, effectively changing the price of market supply and demand.
Energy rebates can also be provided as a lump sum payment to organisations or, it can be offset against the cost of the product to minimise upfront capital cost. If you’re a business or homeowner looking for ways to offset energy costs and help save the environment, the ESS is a great way to get involved.
The ESS is legislated to continue until 2020 or until a national scheme with similar objectives is introduced. Visit the NSW Government Department of Industry website for more information and to confirm eligibility.
To find out more about the scheme or to get advice on how you can make the most of energy savings in your home or your business, contact the team from Access Lighting today to discuss the wide range of energy saving options you can tap into for your lighting.