If your bank offered you a guaranteed 50% return on your funds, you would probably jump at it, right?

An equivalent or better return is currently on offer as part of the Victorian Energy Efficiency Target (VEET) scheme, which offers a rebate to eligible businesses to replace old lighting technology with new energy-efficient LED bulbs and sensor technology.

You probably don’t drive a Holden Torana or listen to music on cassette tapes anymore, but many businesses are still back in the 1980s and 1990s when it comes to lighting technology.

Look around: if your factory, office or shop is fitted with fluorescent tubes or halogen downlights, that’s a pretty good clue that you’re working in the dark ages – and paying dearly to do so.

Thanks to falling prices and generous government rebates, there’s never been a better time for Victorian businesses to upgrade to energy-efficient lighting.

Eligible businesses can save money on their lighting upgrade costs, reduce their energy bills and help the environment at the same time.