From the start of 2015-16 tax year, small businesses in Australia will be able to immediately take advantage of a Tax incentive up to the value of $20,000. This can be used to offset the costs of a solar power system for your business.
The tax reforms apply to businesses with a turnover of less than $2 million a year. The support recognises that the 2.7 million small businesses, their tax burden is proportionately greater than for larger companies.
The current tax break will make an even stronger case for businesses to slash their electricity bills by going solar, while building on their brand’s environmental sustainability efforts. In addition to sustainable savings on operational expenses, very visible green initiatives such as solar energy can have a positive impact on consumer perceptions. Solar power for business is a secure investment that reduces your exposure to the rising costs of energy and contributes to sustainable renewable resources instead of oil. With electricity prices going one way, solar is a solid investment to add to your bottom line that will pay off in the future!