Energy Efficiency Grant
Topics To Be Discussed
Key Facts about the EEG Grant
2. 30% or more local shareholding;
3. Group Annual Sales Turnover not exceeding S$100 million OR
4. Up to 200 employees.
Benefits of Singapore Energy Efficiency Grant
The EEG offers up to 70% support to Small and Medium-sized Enterprises (SMEs) for adopting pre-approved energy-efficient equipment. These energy-efficient equipment categories include:
- LED lighting
- Cooking hobs
- Water heaters
- Clothes dryers
The grant support for qualifying costs is capped at S$30,000 per company per year. It's worth noting that the EEG is a separate scheme from the Productivity Solutions Grant (PSG).
Eligibility Criteria for the EE Grant Singapore
To qualify for the Energy Efficiency Grant, businesses must meet specific eligibility criteria:
Business Sector: The business entity must be registered and operate in Singapore within the Food Services, Food Manufacturing, or Retail sectors
Local Shareholding: The business must have a minimum of 30% local shareholding.
Size: The company's Group Annual Sales Turnover should not exceed S$100 million, OR the Group employment size should not exceed 200 employees
How to Apply for the Energy Efficiency Grant
- The application window for the purchase of energy-efficient equipment through the Business Grants Portal (BGP) is open from September 1, 2022, to March 31, 2024.
- Companies are granted a one-year timeframe, starting from the approval of their application, to complete the purchase, installation, and submission of claims for reimbursement. Importantly, companies have the flexibility to purchase equipment even before receiving the application outcome. However, it's crucial to note that claims cannot be made if the application is unsuccessful.
- Please exercise due diligence when engaging with vendors. Be cautious not to share your Corppass credentials with vendors for the submission of grant applications or claims. Additionally, remember that the pre-approved energy-efficient equipment listing is not an endorsement or recommendation by participating government agencies. Conduct thorough research and assessment when selecting vendors to ensure they meet your requirements and standards.
How We Can Help with the Singapore EE Grant
This series of articles regarding Singapore government incentives was prepared by CorporateServices.com, a leading Singapore-based corporate service provider. We offer a range of services for private limited companies in Singapore. Our team of experienced experts provides Singapore company registration and other incorporation-related services through our cutting-edge online platform.
Contact us if you need assistance with setting up a new Singapore company or would like to transfer the administration of your existing company to us.