Queensland Business Energy Saving and Transformation Rebates (QBEST)

• New rebates for QLD businesses adopting energy efficiency
• Rebates of up to $12,500 available (ex GST)
• Round 1 now open until 30 June 2025
• Businesses ranging from 2-199 full time employees are eligible

The Queensland Business Energy Saving and Transformation (QBEST) Rebates scheme launched in October. It is a fantastic opportunity for eligible small and medium-sized businesses across Queensland to embrace energy efficiency and save on operational costs.

Program Overview

The QBEST Rebates scheme is a valuable initiative tailored for small to medium-sized businesses in Queensland, especially those with a workforce ranging from 2 to 199 full time staff members. This program is designed to assist businesses in curbing energy expenses through enticing rebates. Specifically, it encourages the adoption of energy efficient products, such as upgrading outdated hot water systems. This not only provides financial benefits for businesses but also contributes to sustainable energy practices.

Key Program Details

Round one of the QBEST rebate scheme opened on 5 October 2023, and is scheduled to close on 30 June 2025. During this timeframe, eligible businesses have the opportunity to leverage the available funding, which generously offers rebates of up to 50% on qualifying equipment costs. It’s crucial to note that the maximum rebate amount is $12,500 (exclusive of GST), and businesses must spend a minimum of $8,000 (exclusive of GST) to qualify for the scheme.

Inclusions

To qualify for the rebate, your purchase must be from the following list:

• Energy efficient appliances – 4 star or better
• LED lighting
• Energy efficient commercial fridge or freezer
• A variable-speed air compressor
• A variable-speed chiller, if the installation is to replace a fixed-drive chiller
• A variable-speed drive unit for a pump or fan.
• Electronically commutated fan motor
• A motor classified in the IE3 or IE4 category under the IEC standard
• A motion sensor, light level sensor or timer for lighting appliance

LED lighting in particular, is a key focus for energy efficiency. Upgrading to LED lighting not only contributes to reduced energy consumption but also enhances lighting quality and longevity. This includes various LED applications, such as bulbs, fixtures, and systems for residential and commercial use. Ensure that your purchase aligns with the specified criteria to maximise energy savings and qualify for the rebate.

Significant Benefits for Businesses

Participating businesses can reap substantial benefits through the QBEST Rebates scheme. Eligible businesses have the opportunity to receive rebates of up to $12,500 upon the purchase and installation of energy-efficient equipment. For instance, if a business invests $10,000, they can claim 50% of the GST exclusive amount, amounting to $4,545.45. This not only illustrates the financial support available but also demonstrates a tangible reduction in the economic strain associated with transitioning to energy-efficient practices. The scheme thus provides a compelling incentive for businesses to embrace sustainable and cost-effective solutions.

For example:

A business spends $10,000 on energy efficient upgrades

ROI before rebates is 4 Years

Client receives the QBEST Rebate of $4,454.45

ROI is now 2 Years

Application Process

To streamline the application process, submissions will be processed based on their lodgement date. Each round will conclude once the allocated funding has been fully utilised. For detailed information and to initiate your application, please visit here. 

This initiative underlines the Queensland Government’s commitment to fostering sustainability, reducing energy consumption, and achieving carbon reduction targets. QBEST provides a tangible avenue for businesses to enhance their operational efficiency, lower energy bills, and contribute to a greener and more sustainable future. As Round 1 unfolds, businesses are encouraged to seize this opportunity and pave the way for a more environmentally conscious and economically viable business landscape.

Ecovantage are industry experts, with a wealth of experience in rebate schemes. We have a passionate team based in Maroochydore Queensland who hold both the local and professional knowledge necessary to guide you through the process of claiming the QBEST rebate.

Get in touch with us here or call on 1300 721 335.