Government Energy and Water Efficiency Investment Program
The Government Energy and Water Efficiency Investment Program (GEEIP) was established under the NSW Treasury Loan Fund to help agencies fund water and energy saving projects agencies can implement themselves.
The NSW Treasury Loan Fund provides $40 million a year through GEEIP or, for larger projects, via Performance Contracts. Typical projects under GEEIP include improving the energy efficiency of lighting, heating, ventilation and cooling systems, hot water and appliance upgrades.
Eligibility criteria
- The agencies must be budget-dependent
- The project must not be part of the agency’s forward capital program
- The internal rate of return (IRR) of the project must be greater than or equal to 12% and at least 75% of the projects gross benefits must be savings from improved water and energy efficiency
- The maximum loan term is seven years (with repayments every six months)
- The project must be independently verified.
Projects that meet the criteria are eligible for the full capital cost and any associated costs for water and energy efficiency upgrades.
Using in-house skills, technical consultants or product suppliers, agencies can identify and implement water and energy efficiency projects without up-front capital. You can implement one project at a time, or wrap them up into a single GEEIP application with many smaller components.
Verification of savings
To ensure the energy and water savings of GEEIP-funded projects will be achieved, agencies should use the GEEIP Verification Methodology (VM) when completing their funding application. The project's anticipated savings are then independently verified by a third party.
The Verification Methodology includes:
Establishment of reference case
- identify project participants,
- define broad scope and duration of project
- determine appropriate reference, or base case for each project type covered.
Methodology for estimated savings
- specify methodology used to estimate energy use associated with reference and project cases
Aggregate project cost and savings
- quantify the economic, environmental and social benefits
Applying for funding
Contact DECC on 1300 361 967 or email us for details on how to apply for funding and full eligibility criteria.
GEEIP Projects
Since it was introduced in October 2001, the GEEIP has been used by 15 agencies for 23 projects, totalling $4.7 million. They include:
- State Records of NSW: New Lighting Accounts For Savings At Archives
- Western Sydney Area Health Service: Health Energy Upgrades Exceed Expectations
- NSW Fisheries: Fisheries Hooks Funding For Energy Upgrades
- NSW National Parks and Wildlife Service: Lighting Upgrades