A lucky company is set to benefit from the government's Clean Technology Investment Program, which supports businesses looking to embrace energy efficient and renewable energy technologies.
Wood working company Utick is receiving a grant of over $250,000 from revenue generated through the carbon pricing mechanism.
This generous grant will help Utick to power some of its factory through a 195 KW solar electricity generation system.
The factory in Somersby, New South Wales, will benefit from around $34,000 worth of savings on energy costs annually.
As well as this, the factory's carbon emissions will be significantly reduced. The amount of carbon pollution released per unit of production will be slashed by 76 per cent.
"The Clean Technology Investment Programs are supporting hundreds of projects like this across Australia, helping manufacturing businesses to improve operations and reduce energy costs," said Greg Combet, minister for climate change.
Mr Combet toured the factory and announced the grant in conjunction with federal member for Robertson, Deborah O'Neill.
"Utick is matching the government's contribution and helping lower costs for its operations here on the Central Coast," said Ms O'Neill.
Mr Combet also commented that the Clean Technology grants show that through simple changes you can achieve big gains and have a positive environmental impact.
Utick builds on its environmental reputation with the addition of this solar power system as it already has in place a number of sustainability measures, including Green Tag Certification and a Corporate Social Responsibility policy.
All in all, it's great to see businesses embracing the benefits of solar power. When you can cut costs and make savings, while at the same time doing something good for the environment, why wouldn't you embrace solar technology?
Posted by Mike Peacock