Government Schemes
A number of Haneco products are approved for use in these state government energy-saving schemes.
LED Lighting Schemes: Save Money and the Planet
LED lighting is renowned for its energy efficiency, making it a prime target for government initiatives aimed at reducing carbon emissions. In Australia, Victoria, New South Wales, and South Australia offer financial incentives to encourage businesses to switch to greener LED lighting.
How do these schemes work?
To encourage businesses to adopt more energy-efficient practices, governments offer financial incentives for installing LED lighting. These subsidies are designed to offset the initial costs of switching to LED, making it a more attractive option for businesses of all sizes
How Do LED Lighting Subsidies Work?
These government schemes operate by creating a market for energy-saving certificates. Businesses that meet specific requirements, such as installing approved LED lights and correctly disposing of old ones, can earn these certificates. Certificate providers then purchase these certificates from businesses and sell them to energy retailers. The funds generated from these sales are used to subsidize the cost of LED installations for businesses.
Haneco and Government Initiatives
Haneco is proud to offer a range of LED products and many of our products are approved for use in these state government energy-saving schemes, including:
- South Australia: Retailer Energy Productivity Scheme (REPS)
- Victoria: Victorian Energy Upgrades (VEU)
- New South Wales: Energy Saving Scheme (ESS) or Home Energy Efficiency Retrofits (HEER), often referred to as IPART
Additionally, many of our products hold HACCP certification, making them suitable for the food industry.
Haneco approved product list
How LED Lighting Subsidies Work
Understanding the Certificate System
To encourage businesses to switch to energy-efficient lighting, governments in several Australian states have implemented subsidy schemes. These schemes operate on a certificate-based system.
- Energy retailers are obligated to purchase a specific number of energy-saving certificates.
- Businesses earn these certificates by installing approved LED lighting products and meeting strict criteria, such as proper disposal of old lights and using licensed installers.
- Accredited Certificate Providers (ACPs) purchase these certificates from businesses and then sell them to energy retailers.
The Financial Benefits
The money generated from certificate sales is used to fund the subsidy program. When a business installs approved LED lights, they receive a financial incentive, which helps offset the initial cost of the upgrade.
For example, if a business reduces its electricity consumption significantly by switching to LED lights, they can earn a substantial number of certificates. An ACP will purchase these certificates, providing the business with a cash payment. This money can then be used to cover part of the LED installation cost.
Haneco’s Role
Haneco offers a wide range of LED products that are approved for these subsidy schemes. By choosing Haneco’s products, businesses can maximize their potential savings and contribute to a more sustainable future.