Bounty payments

How do I get paid?

Once you have decided to participate in the Scheme (and signed a Bounty Scheme Participation Agreement with Energy Associates Limited, the Scheme Administrator) to claim a Bounty for an old motor you need to submit a Bounty Application Form to Energy Associates Limited.

Once the old motor has been verified and accepted into the Scheme, you have 4 weeks to install the new (approved) motor.

Once the new motor has been installed, and the Accredited Service Provider has verified the removal and destruction of the bountied motor, the Energy Efficiency and Conservation Authority will make the applicable Bounty payment directly into your nominated bank account.

How much will I get paid?

Although the Bounty is paid as a single amount, it is made up of two components – a ‘motor’ component and an ‘in-service’ component. These are described in the table below:

Bounty payment rates are applicable from 9 November 2009 and are reviewable at any time.

Bounty Definitions

Failed motor — a motor that when first identified for the Bounty Scheme failed while in-service in a current operation and would, because of its condition, be unusable for continuous service at its rated load.

Operational motor — a motor that when first identified for the Bounty Scheme is in–service and able to perform continuously at its rated load without requiring any repair.

In some cases where a motor requires a minor repair (such as a broken foot, damaged fan or missing terminal box) to enable it to return to operation, the motor may be classed as semi-operational and qualify for an intermediate bounty.