Victorian Energy Upgrades (VEU) Program
The Victorian Energy Upgrades (VEU) Program is a state government initiative designed to help businesses reduce their energy usage, cut electricity costs, and lower greenhouse gas emissions. By upgrading to energy-efficient solutions like LED lighting, businesses can take advantage of substantial rebates to offset upgrade costs.
What is the Victorian Energy Upgrades (VEU) Program?
The VEU Program provides financial incentives to businesses that adopt energy-efficient technologies. Under this program, businesses earn certificates (Victorian Energy Efficiency Certificates or VEECs) for implementing energy-saving upgrades. These certificates are sold to energy retailers, which creates funding to cover part of the upgrade cost. By participating in the VEU Program, businesses can significantly lower energy bills, reduce environmental impact, and achieve their sustainability objectives. One of the most common upgrades under this scheme is switching to energy-efficient LED lighting systems.
How Does the Scheme Work?
To participate in the VEU Program, businesses must meet specific eligibility requirements and install approved energy-saving solutions. LED lighting upgrades are among the most effective and widely adopted measures in the program. Once your lighting upgrades are completed, we calculate the energy savings and create the corresponding VEECs. These certificates are traded to generate rebates, reducing the upfront costs of the upgrade. As an accredited provider under the VEU Program, Green Hype manages the entire process on your behalf. From compliance and paperwork to certificate creation and trading, we ensure your business reaps the full benefits of the program without hassle.
How Much Can You Save?
The savings from the VEU Program depend on the scale of your energy-saving upgrades and the level of energy efficiency achieved. Businesses can typically expect rebates to cover a significant portion of the LED upgrade costs. In addition to the rebate, businesses will benefit from long-term energy bill reductions thanks to the efficiency of LED lighting systems. Many businesses see a rapid return on investment, with ongoing energy savings adding to their bottom line.
Why Choose Green Hype?
- update content here, update content here, update content here,
- update content here, update content here, update content here,
- update content here, update content here, update content here,
Get Started Today
If your business is located in Victoria, Green Hype can help you benefit from the VEU Program. Contact us today to schedule a free lighting audit and find out how much you can save by upgrading to energy-efficient LED lighting.