Financial incentives are available for replacing conventional lighting with energy efficient LED lighting.

Tortech Lighting has a number of products which have been approved under IPART (NSW) and VEET (VIC), this offers businesses a significant cost saving benefit as a result of the conversion from conventional lighting to LED lighting.

DESCRIPTION NSW (IPART) VIC (VEET) ACT (EISS) SA (REES)
Start Date July 2009 January 2009 January 2013 January 2009
Obligated Parties NSW electricity retailers Electricity and gas retailers with 5,000+ customers Tier 1 – Electricity retailers with up to 5,000 customers.
Tier 2 –  more than 5,000 customers
SA electricity and gas retailers with 5,000+ customers
Eligible to be an energy saver Accredited Certificate Providers (ACPs) Consumers of electricity and gas Consumers of electricity Electricity and gas retailers, able to engage third parties
Residential and/or commercial projects? Residential, commercial and industrial Residential and Small and Medium Enterprise (SME’s) Residential and Small and Medium Enterprise (SME’s) Residential only
Cost impact in $MWh  Formula = Certificate Price ($/MWh) * X Target % X Emissions Factor^ (CO2/MWh)