Businesses of all sizes are under increasing pressure from stakeholders (including corporate customers, lenders and investors) to improve energy upgrade, decarbonise their energy use, and provide data relating to their carbon emissions. Reducing energy use and energy-related costs makes perfect business sense: it saves money, protects against energy cost volatility, and enhances businesses’ reputations. It also improves building occupants’ comfort and helps everyone in the fight against climate change.
This guide has been prepared to help Small and Medium-sized Enterprises (SMEs) and their financial advisers (inhouse or external) to identify, assess and select the optimal blend of financial supports and solutions for their commercial building energy upgrade projects. Please note that the guide targets six building types where the main energy users are the building itself and the activities being delivered within it, rather than industrial or manufacturing processes.
This guide supplements the information provided by the Sustainable Energy Authority of Ireland (SEAI) on Steps to Energy upgrade for businesses (see Step 4 regarding Investing). This guide assumes that the previous steps have already been completed. If not, it’s recommended to revisit that guidance before moving forward.
This guide outlines the key stages in building a strong case for investing in energy upgrade projects. It also provides practical guidance on grants, tax relief and other non-repayable funding supports, as well as on other financing options currently offered in the Irish market. For SMEs that rent their premises, the guide highlights specific considerations and potential actions. Finally, it suggests clear next steps for SMEs and their advisors as they prioritise and plan their energy upgrade initiatives.
This guide is not tailored to any particular company or project and is intended as general guidance only. Independent legal and financial advice should be obtained from a professional with regards to your specific circumstances.
