Project-based activities are those where the incentive that can be claimed is specific to a given project. For example, the program currently offers incentives for the Measurement and Verification (M&V) method.
The M&V method is a project-based activity where energy savings are calculated by comparing a baseline energy model with energy use after the upgrade. It allows businesses to claim incentives by calculating the energy saved from a specific upgrade or range of upgrades using industry-standard M&V techniques.
Most other methods for calculating incentives for a given upgrade are estimated on average values for all activities across Victoria. However, some situations need a more customised approach, and that's where M&V is a good approach.
It is likely most appropriate for larger-scale upgrades because the process is relatively complex and therefore involves a higher cost of participation. The projects that might be carried out using the method include industrial and commercial refrigeration and boilers, upgrades to energy-intensive facilities such as hospitals, manufacturers, and data centres, and switching to low-emission fuels.
You may be eligible to access incentives for your energy upgrade project if:
- your site is non-residential, or your project relates only to the central services of a multi-unit residential building
- your project will result in lower greenhouse gas emissions
Talk to an accredited provider to find out whether M&V will suit your project. You can either work with an existing accredited provider or become accredited to access incentives. In either case, it is important to talk to your M&V specialist before your upgrade has been carried out.
For information on Custom Upgrades under VEU, download the Yarra Centre Story.
If you are interested in becoming accredited, please refer to the Essential Services Commission's website for further details.
Page last updated: 28/08/23