€3 million Government funding for smart lighting now available from SEAI
The Sustainable Energy Authority of Ireland (SEAI) is now accepting applications from businesses for €3 million in government-funded smart lighting grants. The grant will cover approximately one third of the cost of energy efficient lighting upgrades helping small and medium-sized enterprises (SMEs) save up to 90% on their lighting costs. These smart lighting upgrades will typically pay for themselves in two to three years. The grant is open to all SMEs sectors including retail, hospitality, tourism, private education, health facilities, and manufacturing. Applications can be submitted by individual businesses or by co-ordinators who group applications and are in a position to apply and deliver lighting upgrades for a number of businesses.
There are over 200,000 SMEs operating in Ireland. While individually each business may consume small to moderate amounts of energy, collectively they account for a significant portion of national, and indeed, global energy demand. The Government’s smart lighting grant administered by the SEAI will significantly help businesses reduce their energy-use, producing real results for the environment, the economy and their own bottom line.
SMEs play a vital role in the Irish economy, providing over 90% of national employment. Lighting is the second highest cost for many businesses after staff costs. In 2017, over 60 facilities benefitted from support through SEAI’s smart lighting grant, achieving savings of over half a million euro. We are inviting SME’s, their advisors and suppliers in the lighting supply chain to get in touch with our team and find out how we can help you embed long term savings, and increase the sustainability of your business.
60 SMEs have already seen the benefits to upgrading to energy efficient, smarter lighting systems. Fran Egan, CEO of Hales Freight carried out lighting upgrades in 2017 with the support of the SEAI smart lighting grant.
We are a Dublin-based freight business that collects, ships and delivers goods, employing 60 people in Ireland and the UK. We replaced over 100 of our old inefficient lights with new highly efficient LED lights in our Dublin warehouse. Our warehouse is now much brighter, which is great for staff and is a safer work environment. Even better again, we are using less energy and have seen significantly reduced electricity bills. This has reduced our operating costs and we are more sustainable in our operations. We received a significant grant and found the process of submitting an application through a co-ordinator really smooth.
The closing date for applications is Thursday, 31 May. For further information on the grant and details on how to apply click here.
Other Business Supports
The Accelerated Capital Allowance (ACA) scheme is a tax incentive scheme operated by Revenue for public and private organisations to purchase highly energy efficient equipment. Only items that are listed on the Triple E Product Register are eligible for ACA. The Triple E Products Register is a list of best in class energy efficient products. It is regularly updated by statutory instrument to ensure that only the top 15% of energy efficient products across a range of fields and technologies are listed. The ACA scheme allows companies to deduct the full cost of the eligible equipment from taxable profits in the year of purchase rather than over the usual eight-year period.
Negotiating electricity credits with their supplier is one of the options available under the Energy Efficiency Obligation Scheme (EEOS). Under the Energy Efficiency Obligation Scheme, larger energy suppliers must support energy efficiency projects in businesses across Ireland. This support may be financial, technical or advisory to make your business more energy efficient. In terms of lighting projects, financial supports could mean a direct monetary contribution toward the lighting project, facilitating low-interest loans for the project, negotiating discounts on lighting supplies or a reduced energy price to the business after a lighting project is carried out. To avail of these supports contact your energy supplier’s EEOS representative.