5 Common Myths About the EEG Grant for Air Compressors (Debunked)
Heard about the EEG grant but worried the application is too complex, or that you might not qualify? You’re not alone. Unfortunately, several myths are preventing Singaporean businesses from claiming thousands in subsidies. Let’s separate fact from fiction.
As a pre-approved vendor who has successfully guided numerous clients through the process, we’re here to set the record straight.
Myth: “The Application Process is Too Complicated and Time-Consuming.”
While government forms can be daunting, the process is now streamlined on the GoBusiness portal. It’s designed to be more accessible than ever before.
This is where working with an experienced vendor pays off. We handle the bulk of the paperwork and ensure your application is complete and accurate the first time, drastically speeding up the process.
Myth: “My Business Probably Doesn’t Qualify.”
The eligibility criteria are simpler than you think. The grant covers a broad range of sectors, and the S$500 million turnover limit encompasses the vast majority of businesses in Singapore.
Many businesses are surprised to find they are eligible. We offer a free, 5-minute eligibility assessment to give you a definitive answer.
Myth: “It’s Faster to Just Buy a Compressor Without the Grant.”
While the grant requires approval before purchase, the timeline is manageable. A few weeks of waiting is a small price to pay for years of ongoing energy savings and a massive upfront capital reduction. The ROI makes the wait unquestionably worthwhile.
Myth: “The S$30,000 Cap Won’t Cover a Significant Portion of the Cost.”
For a typical industrial air compressor project costing S$40,000 – S$60,000, a 70% subsidy (capped at S$30,000) covers a huge portion—often well over half the total cost. It’s a significant saving that makes upgrading far more accessible.
We provide detailed quotes that clearly show the net cost to you after the grant, so you see the real, affordable investment.
Myth: “I Can Claim the Grant After I’ve Already Bought the Equipment.”
FACT: The application MUST be submitted and approved BEFORE you purchase, install, or make any payment on the new equipment. Retroactive applications are strictly not allowed.
Don’t let this costly mistake happen to you. Working with an experienced vendor helps ensure you follow the correct process from the very beginning.
Don’t let misconceptions cost your business tens of thousands of dollars in energy savings and grant money.
The EEG is a real, accessible opportunity to upgrade your operations at a fraction of the cost.
