We were one of the first accredited businesses under Victorian Energy Upgrades (VEU), formerly the VEET scheme, and we are one of the largest carbon certificate creators under the scheme.
What is Victorian Energy Upgrades?
Victorian Energy Upgrades (VEU) is a Victorian Government initiative with the purpose of reducing greenhouse gas emissions and encouraging the efficient use of electricity and gas by energy consumers.
How does it work?
Participants that are accredited under the program, otherwise known as ‘Accredited Persons’ can offer discounts on selected energy saving products that have also been accredited under the program. Victorian Energy Efficiency Certificates (VEECs) are generated through the reduction in energy use and liable parties such as electricity retailers buy the VEECs. One VEEC is equivalent to one carbon tonne of carbon abated and a target of $6.5 million tonnes has been set for 2020. Read our VEEC blog for more details on the trading of certificates.
What does this mean for you?
We can offer our customers a subsidy worth up to 80% of the total upfront cost of the installation, depending on the going VEEC rate and the type of business and building you are in. This rate is quoted within your lighting proposal and is an immediate upfront discount on the price of the LED light upgrade.
Here’s an example
A busy distribution facility is upgrading their old technology 400 watt metal halides to high efficient LED highbays.
Total value of upgrade: $50,000
VEU subsidy: $23,000
Paid price: $27,000
As an Accredited Person, we handle all the paperwork and any additional services required under the scheme such as recycling, at absolutely no extra cost.
There is no better time to upgrade your business to LED than now.