If you’re considering solar for your business or farm, there's some great news!
The Federal Government has announced recently an increase to the Instant Asset Write-Off threshold from $30,000 to $150,000, and it’s now also been increased to include businesses with a turnover up to $500m.
If you’re considering a move to solar energy, it’s great news!
Not only would you be able to write it off this financial year, you are still eligible for any government rebates already in place. This makes the short term financial benefits irresistible.
Based on the current rebates and new tax benefits, your solar system or solar water pumping system could even pay for itself in less than 3 years, saving you tens of thousands in high energy prices. The only criteria to be able to benefit from this tax write-off increase is that any purchases must be ready for use in the financial year (30th June 2020).
The new tax write-off increase suits all types and sizes of commercial solar systems, from small 10kW systems to large 100kW solar power systems, and solar water pumping systems. And with June 30 coming up fast, our energy experts are here to ensure you can maximise any government rebates. Get in touch with us today for a no obligation chat about your energy needs.