Rebates of up to $12,500 are available for eligible businesses which purchase (and install if required) eligible energy-efficient equipment. Eligible businesses must spend a minimum of $8,000 (GST exclusive) on the purchase and installation of the equipment.
The rebate is 50% of the purchase and installation costs (GST exclusive) of the eligible equipment. For example, if you spent $10,000 (GST inclusive) on eligible equipment, you can claim 50% of the GST exclusive amount ($9,090.90 ex GST) and would receive a rebate payment of $4,545.45.
Only 1 rebate is available for each eligible business. However, a rebate application can consist of multiple, eligible energy-efficient equipment items, provided the total rebate amount does not exceed $12,500.
To be eligible, businesses must:
- have an Australian business number (ABN)
- be registered for goods and services tax (GST)
- not be a company within the meaning of the Corporations Act 2001
- have headquarters in QLD and be operating from premises in QLD
- employ at least 2, but no more than 199 full-time (or equivalent) employees (including the business owner).
You must demonstrate that the eligible equipment will lead to savings on the energy use and bills of your business, as well as contribute to the Queensland Government’s carbon reduction targets. There is no minimum savings amount – all improvements in energy efficiency help.
Use the energy rebate and savings calculator to show your savings – you will need to keep a copy of the estimated savings results. You can also use the calculator to see which energy-efficient equipment may provide you with the greatest savings before you purchase your equipment.
To find out more, go to: https://www.business.qld.gov.au/running-business/energy-business/energy-efficiency-rebate