Air Compressor Singapore with Energy Efficient Grant (EEG)
Posted on15/05/2024
Replacing or buying a new energy-saving air compressor in Singapore are no longer a concern, thanks to government support through the Energy Efficient Grant!
In line with Singapore Budget 2024 initiatives, the Energy Efficiency Grant (EEG) will undergo enhancements and expansions to cover additional sectors. Effective April 1, 2024, enterprises operating in Manufacturing (including Food Manufacturing), Food Services, and Retail sectors will gain access to the EEG. Subsequently, other sectors (Construction, Maritime, and Data Centers and their users) will be gradually included, by the end of 2024.
So, what is Energy Efficient Grant (EEG)?
So, what is Energy Efficient Grant (EEG)?
The Energy Efficiency Grant helps businesses transition towards being more energy efficient by co-funding investments in energy-efficient equipment with the support of the government.
Below are the two tiers of support under EEG:
*only applicable for companies in the Manufacturing sector.
Energy Efficient Grant (EEG) Eligibility:
*only applicable for companies in the Manufacturing sector.
For Compressed Air System category in EEG equipment, not every type of compressor will be approved. Please refer to the following technical requirements:
*Our Atlas Copco screw compressor belong to variable speed air compressor
BASE TIER
First, we will address the EEG (Base Tier). The application is available from April 1, 2024, until March 31, 2026. Companies will have up to 1 year from the approval date of their application to purchase and install the equipment and submit claims for reimbursement.
Alternatively, companies may choose to purchase the equipment after submitting their application before knowing the application outcome. However, if the application is unsuccessful, they will not be able to claim reimbursement.
HOW TO APPLY?
1. For Manufacturing (including Food Manufacturing) Companies
Applications should be submitted through NEA_EEG@nea.gov.sg
To apply for the EEG (Base), manufacturing companies will have to:
To apply for the EEG (Base), manufacturing companies will have to:
-
Email NEA_EEG@nea.gov.sg to verify company’s eligibility and request for application documents.
-
Obtain quotations from the vendor.
-
Submit your application document to NEA_EEG@nea.gov.sg
Applications need to be submitted through the Business Grants Portal (BGP) which is a one-stop portal for business to apply for government grants.
To apply for the EEG (Base), companies will have to:
i. Visit GoBusiness to access the list of supported equipment brands and models.
ii. Obtain quotations from the vendor.
iii. Submit an application on the BGP. Do note that companies will need to have a CorpPass account to transact on the BGP.
iii. Submit an application on the BGP. Do note that companies will need to have a CorpPass account to transact on the BGP.
HOW TO CLAIM?
1. For Manufacturing (including Food Manufacturing) Companies
The claim need to be submit to NEA_EEG@nea.gov.sg. Disbursements can only be made after the claims have been approved and it will be credited directly to the business entity's provided GIRO bank account.
2. For Food Services and Retail Companies
As the application are through Business Grant Portal, the claim need to be submitted to the same platform. Disbursements can only be made after the claims have been approved and it will be credited directly to the registered PayNow Corporate account or through GIRO bank account.
For both claim, ensure:
- Claimant has purchased the equipment as approved in the application; and
- Claimant has deployed and installed the equipment; and
- Claimant has paid for the equipment in full; and
- Claimant has submitted all claim documentation including;
- Invoice
- Payment supporting documents which indicate grant applicant name, payee name, payment date, payment amount and approval status of transaction. Acceptable documents are bank statement, cheque and bank transfer screenshot.
- Delivery Order
- Images:
- Equipment being installed and used on site. Pictures should be clear to show the equipment and location where it is being used.
- Serial number of equipment (if applicable)
ADVANCE TIER
Next, you might be interested to know EEG Advanced Tier, which you might assume is an extension of the Base Tier or it’s for particular sector only. Well, it’s was designed to acknowledge that companies in specific sectors might require additional investment beyond what's covered in the EEG (Base) to procure energy-efficient equipment relevant to their operations
At the moment, only companies in Manufacturing sector can apply for EEG (Advanced) and this tier will be further extending to cover maritime, construction and data centers sectors.
WHAT IS THE DURATION FOR THIS TIER?
The application is available from April 1, 2024, until March 31, 2026. Companies will have up to 1 year from the approval date of their application to purchase and install the equipment and submit claims for reimbursement.
HOW TO APPLY?
For Manufacturing Companies
1. Email to NEA_EEG@nea.gov.sg to verify company’s eligibility and request for application documents.
2. Obtain quotations from the vendor.
3. Submit application and accompanying documents to the same email address.
HOW TO CLAIM?
You are requiring to submit the claim to the NEA and ensure:
- Claimant has purchased the equipment as approved in the application; and
- Claimant has deployed and installed the equipment; and
- Claimant has paid for the equipment in full; and
- Claimant has submitted all claim documentation including;
i) Invoice
ii) Payment supporting documents which indicate grant applicant name, payee name, payment date, payment amount and approval status of transaction. Acceptable documents are bank statement, cheque and bank transfer screenshot.
iii) Delivery Order
iv) Images:
- Equipment being installed and used on site. Pictures should be clear to show the equipment and location where it is being used.
- Serial number of equipment (if applicable)
Disbursements can only be made after the claims have been approved and it will be credited directly to the business entity's provided GIRO bank account.
With EEG assistance, acquiring energy-efficient equipment for your business is no longer a challenge. You may refer to the list of equipment for specific sector. Our Atlas Copco screw compressors, which are one of the VSD type, are included in this list. Additionally, we offer value-added service by providing a complimentary energy audit report for consultation, with no obligation in Singapore.
Why Buy from Winston Engineering? Get a FREE Energy Audit Before Replacing Your Conventional Fixed Speed Compressor with a VSD Compressor – Ensure Peace of Mind with Our Comprehensive Audit Report. Achieve Significant Carbon Reduction and Prevent Excess Carbon Tax While Saving on Energy Costs.
Why Buy from Winston Engineering? Get a FREE Energy Audit Before Replacing Your Conventional Fixed Speed Compressor with a VSD Compressor – Ensure Peace of Mind with Our Comprehensive Audit Report. Achieve Significant Carbon Reduction and Prevent Excess Carbon Tax While Saving on Energy Costs.
 edited-02.jpg)
Project Reference under Government grant:
Location: Central Region, Singapore
Model: GA22VSD+
Year: 2024
FAQ
-
How to verify SSIC Code?
You may refer to our previous article on NEA E2F grant through this link.
- Is it possible to deploy equipment to a residential address?
No,Businesses operating from residential addresses or Home-based Businesses (HBBs) are not eligible.
- What happens if the grant cap is fully utilized?
Companies that have fully utilized their grant caps will not be eligible for further support within the grant cap's validity period. Therefore, companies are encouraged to carefully plan the use of the EEG for their purchases.
- How many EEG (Base) grants can a company apply for?
Companies can submit multiple EEG (Base) and EEG (Advanced) applications based on their business needs. However, each company will be subject to a $350,000 grant cap across all their EEG (Base) and EEG (Advanced) applications.
- What is the difference between EEG (Base) and the EEG (Advanced)?
The EEG (Advanced) can support non-pre-approved equipment if the equipment demonstrates energy savings exceeding 350 tonnes of lifetime carbon abatement.
Support under the EEG (Advanced) is determined by the lower of;
- Support levels under the EEG (Base) based on the company’s size or
- The equipment’s expected lifetime carbon abatement. Support is capped at $350,000 across all of a company’s EEG (Base) and EEG (Advanced) applications.
For the EEG (Advanced), companies must also provide a third-party assessment report from a whitelisted qualified assessor on the projected energy savings generated by the purchase of the energy-efficient equipment, which is not required for the EEG (Base).
- Can I apply for EEG (Advanced) after applying for EEG (Base)?
Certainly. Nevertheless, any grant support received from the company's prior EEG (Base) and EEG (Advanced) applications will be deducted from the total $350,000 grant cap allocated for each company.
7. Does the EEG (Advanced) cover the cost to hire a third-party qualified assessor?
No, The EEG (Advanced) solely encompasses the acquisition of energy-efficient equipment and any essential costs to ensure the functionality of the equipment/system. Any additional expenses related to installation, assessment, and administration must be covered by the applicant company.
8. How is the grant support for EEG being calculated?
Please refer to the following link.
9. What is the lifetime carbon abatement refer to?
Refers to the total amount of carbon emissions reduced over the entire lifespan of the equipment or product. It encompasses the emissions saved from the time the equipment is put into use until the end of its operational life. So, essentially, it refers to the cumulative carbon reduction achieved throughout the product's lifetime.
Related products