Incentive Reduction for LED Commercial Lighting Upgrades.
The NSW Energy Saving Scheme (ESS) stimulates a reduction in electricity consumption in NSW by creating financial incentives for organisations to invest in energy savings projects such as LED lighting upgrades.
There are proposed changes to the scheme rules that would result in a significant reduction of incentives for commercial lighting upgrades.
Summary of changes:
• Most commercial lighting activities will have financial incentives reduced 20-30%
• This will likely result in payback periods increasing by around 50-70%.
• Changes will come into effect from November 2018.
A summary of the draft changes can be found here: www.resourcesandenergy.nsw.gov.au/energy-consumers/sustainable-energy/efficiency/scheme/energy-savings-scheme-rule-change-2017-18.
New Release Ipart NSW Gov Annual Energy Compliance Report (download)
Please feel free to contact one of our consultants for further information or to take advantage of the existing incentives available.
Earlier this year Future Energy Savers scoped and quoted your premises in order to replace your traditional high energy lighting with Low energy LED allowing short period ROI against electricity consumption.
We wish you a Merry Christmas and a Prosperous New Year, and look forward to working with you in the New Year. Ian McGill