Claim Solar As A Tax Write-Off For Small Business


Reduce Your Business’ Power Bills By Switching To Solar and Claim It Back On Tax!

Small Businesses looking to lower power bills by switching to solar will again be able to take advantage of the $20,000 Instant Asset Write-Off, which is said to be extended until June 2019 according to Smart Company.

Back in May, the Federal Government stated their intentions to extend the $20,000 Instant Asset Write-Off however, businesses have had to hold off for the green light until the extension is confirmed.

The ATO is yet to update, however, when confirmed businesses will be able to invest in cost-efficient equipment such as Solar PV Systems, as a tax write-off and have the long-term benefits of lowered power bills.

$20,000 Instant Asset Write-Off

Instant Asset Write-OffThe ATO states the eligibility for the $20,000 Instant Asset Write-Off criteria as below;

If you buy an asset by 30th June and it costs less than $20,000, you can write off the business portion in your tax return. You are eligible to use simplified depreciation rules and claim an immediate deduction for the business portion of each asset costing less than $20,000 if:

  • You have a turnover of less than $10 million and;
  • The asset was first used or installed ready for use in the income year you are claiming it in.

Why Invest in Solar For Business?

Solar is the best way for business owners and managers to reduce the stress of ever-increasing power prices, letting them get back to doing what they do best – running the business. Energy costs are on the constant rise whilst installing commercial-sized solar system costs are on the decrease. This has made switching to solar increasingly popular for businesses looking to reduce electricity bills.

A typical business will use the majority of their power during the hours that solar panels generate the most power and therefore can make even more of an impact, reducing electricity bills than the typical residential solar home. Not only will your operating costs and electricity bills be substantially lowered but you’ll;

  • Be protected against electricity price hikes
  • Reduce your carbon emissions
  • Be adopting sustainable energy practices
  • Make your building more appealing to prospective tenants or buyers
  • Have high investment returns and fast payback periods with solar systems having a typical life-span of 20-25 years, along with a 20-year warranty

Instead of paying through the roof for electricity bills, use your roof to take control of energy consumption by switching your business to solar!

Get Started And See How Much You Could Save!

Whilst we wait for the Government to publicly announce the confirmation of the $20,000 Instant Asset Write-Off find out how much your business can save with our solar saving calculator!

Get Started Now!


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Download Your FREE Ultimate Guide to Solar Power in Australia - 2021 Edition

Beginners Guide to Solar Power

If you’re considering solar for your property or just looking to maximise the savings for your solar system, download a FREE copy of our "Ultimate Guide to Solar Power in Australia - 2021 Edition".

Become an expert and better understand the ins and outs of solar power and solar PV systems for your property.

Includes detailed explanations and diagrams of the various types of solar systems and their parts, solar battery storage systems, Government incentives, expected ROI periods, finance, energy-saving tips and more!

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Understanding Batteries

Off-Grid Systems

For some households a battery system can be of great benefit and minimise a home’s reliance on the grid. However, it’s important to understand for a battery to be useful your solar system needs to be generating excess energy for the battery to store, which you can then use at night or when the sun is not out.

When selecting a battery, you’ll want to invest in a system that is most suited to your home and can drive the best return on investment (ROI). Despite a larger upfront cost, a higher quality battery may significantly increase your ROI.

    Battery systems start from $6,000 and costs can vary greatly based on the following factors:

  1. Cycle Life-Time

    The number of times a battery can fully charge and discharge.

  2. Battery Power (kW)

    How fast it can be charged or discharged.

  3. Storage Capacity (kWh)

    The maximum amount of energy a battery system can store.

  4. Battery Management System (BMS)

    An electronic ‘smart’ system that gathers data and manages the battery ensuring it does not overload or operate outside of its safe functioning zone..

  5. Inverter

    Battery systems require their own inverter if your solar system does not have a hybrid inverter.

  6. 'All-In-One Unit’

    A system which includes the battery, BMS and an inverter all in one unit.

  7. Warranty

    Length of time or cycles the battery system is under guarantee.

  8. Blackout Protection/Backup

    It’s important to note this is not a common feature of a battery system and could cost thousands of dollars to include. Blackout protection not only requires additional components but also a specialised installation and rewiring. For grid-connected homes, the cost for blackout protection can outweigh the benefit.

Additionally, if your purpose for adding battery is to go Off-Grid and become completely independent from the grid you will need to ensure your solar system can generate enough energy to power your home and your battery system is large enough to store this energy. For homes in metro areas going Off-grid is not cost effective and is only recommended for those in remote areas with limited access to the grid. Off-grid solar systems with battery start at approximately $30,000.

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