|Victorian Government supports businesses going green|
|Thursday, 24 May 2012 10:36|
On 16 May 2012, the Victorian Government (through the Essential Services Commission) introduced commercial lighting upgrades as a prescribed activity for the creation of Victorian Energy Efficiency Certificates (VEECs) under the Victorian Energy Efficiency Target (VEET).
This means there is financial incentive for owners or tenants of commercial premises to retrofit their premises to include energy efficient lighting. Certificates are created on a ‘deemed basis’ (i.e. the lifetime savings are created upfront, generally for up to ten years). The certificate value will lower the upfront costs and reduce the payback time of the upgrade.