{"id":4728,"date":"2015-05-20T12:27:21","date_gmt":"2015-05-20T01:57:21","guid":{"rendered":"http:\/\/www.solarquotes.com.au\/blog\/?p=4728"},"modified":"2017-10-25T09:36:28","modified_gmt":"2017-10-24T23:06:28","slug":"did-solar-energy-get-a-leg-up-in-the-budget","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/did-solar-energy-get-a-leg-up-in-the-budget\/","title":{"rendered":"Did solar energy get a leg up in the budget?"},"content":{"rendered":"<div id=\"attachment_4733\" style=\"width: 661px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2015\/05\/tax-break.jpg\"><img decoding=\"async\" aria-describedby=\"caption-attachment-4733\" class=\"wp-image-4733\" src=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2015\/05\/tax-break.jpg\" alt=\"solar panels\" width=\"651\" height=\"434\" \/><\/a><p id=\"caption-attachment-4733\" class=\"wp-caption-text\">Small business can get a tax break on installing solar. Thanks Mr Hockey!<\/p><\/div>\n<p>The Treasurer\u2019s annual allocating of the shekels has come and gone and renewable energy fans are asking about solar energy in the Budget. How did we fare? Were we the subject of further cutbacks, maulings and downgradings as part of this federal government\u2019s campaign against all things renewable?<\/p>\n<p>Well yes and no is the best answer.<!--more--><\/p>\n<p>Yes because the government found a way to slash the funding of ARENA, one of the best working governing agencies on behalf of renewable energy but no because the feds may have found a way to boost the solar energy sector, without apparently meaning to do so.<\/p>\n<p>The leg up for solar energy in the Budget, which may, or may not have been intentional, comes in the form of the small business package announced by the Treasurer.<\/p>\n<p>\u201cSmall business can claim an immediate tax deduction for each and every item they purchase up to $20,000 \u2026 anything under $20,000 is immediately 100 percent tax deductible from tonight,\u201d said Mr Hockey, who looked and sounded like Santa Claus with an overdraft, with last year\u2019s Budget emergency seemingly a distant memory.<\/p>\n<p>The new package is a major boost from the previous tax free threshold of $1,000, meaning small businesses have theoretically more incentive to buy assets. This could be investing in a new computing system, updated communications or, yes, installing a solar power system to bring down the company\u2019s energy bills.<\/p>\n<p>As mentioned, it may have been an accident. After all we\u2019ve got used to a slash and burn mentality from Abbott, Hockey and Co, with a highly successful strategy of \u201cif you can\u2019t destroy renewables, delay certainty for so long that investors lose interest.\u201d<\/p>\n<p>Too cynical?<\/p>\n<p>Perhaps small business and should just take the money and run. Renewables in particular have been through a long and unhappy series of cutbacks. Maybe this will kickstart the flow of funding from investors? Then we can say that, for once, solar energy in the Budget came up looking pretty good.<\/p>\n<p><a href=\"\/taxbreak.html\">Click here for more details of the tax break for small business solar.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Treasurer\u2019s annual allocating of the shekels has come and gone and renewable energy fans are asking about solar energy in the Budget. How did we fare? Were we the subject of further cutbacks, maulings and downgradings as part of this federal government\u2019s campaign against all things renewable? Well yes and no is the best [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[56],"tags":[346,397],"class_list":["post-4728","post","type-post","status-publish","format-standard","hentry","category-economics","tag-commercial-solar","tag-politics","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Did solar energy get a leg up in the budget? - SolarQuotes Blog<\/title>\n<meta name=\"description\" content=\"The Treasurer\u2019s annual allocating of the shekels has come and gone and renewable energy fans are asking about solar energy in the Budget\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.solarquotes.com.au\/blog\/did-solar-energy-get-a-leg-up-in-the-budget\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Did solar energy get a leg up in the budget?\" \/>\n<meta property=\"og:description\" content=\"The Treasurer\u2019s annual allocating of the shekels has come and gone and renewable energy fans are asking about solar energy in the Budget\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.solarquotes.com.au\/blog\/did-solar-energy-get-a-leg-up-in-the-budget\/\" \/>\n<meta property=\"og:site_name\" content=\"SolarQuotes Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SolarQuotes\/\" \/>\n<meta property=\"article:published_time\" content=\"2015-05-20T01:57:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-10-24T23:06:28+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2015\/05\/tax-break.jpg\" \/>\n<meta name=\"author\" content=\"Staff Writer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@solar_quotes\" \/>\n<meta name=\"twitter:site\" content=\"@solar_quotes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/did-solar-energy-get-a-leg-up-in-the-budget\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/did-solar-energy-get-a-leg-up-in-the-budget\/\"},\"author\":{\"name\":\"Staff Writer\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/#\/schema\/person\/cdfada92425341cb1b48bf0bcfa1feb7\"},\"headline\":\"Did solar energy get a leg up in the budget?\",\"datePublished\":\"2015-05-20T01:57:21+00:00\",\"dateModified\":\"2017-10-24T23:06:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/did-solar-energy-get-a-leg-up-in-the-budget\/\"},\"wordCount\":376,\"commentCount\":3,\"publisher\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/did-solar-energy-get-a-leg-up-in-the-budget\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2015\/05\/tax-break.jpg\",\"keywords\":[\"commercial solar\",\"politics\"],\"articleSection\":[\"Economics Of Solar\"],\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.solarquotes.com.au\/blog\/did-solar-energy-get-a-leg-up-in-the-budget\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/did-solar-energy-get-a-leg-up-in-the-budget\/\",\"url\":\"https:\/\/www.solarquotes.com.au\/blog\/did-solar-energy-get-a-leg-up-in-the-budget\/\",\"name\":\"Did solar energy get a leg up in the budget? 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Here's some of what the cash will be spent on: Renewable Energy Zones And VRET Auction $682\u00a0million will go towards developing Renewable Energy Zones (REZs) in the state. REZs are\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Victoria Budget 2020\/21 - Renewable Energy","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/11\/victoria-budget-renewables.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/11\/victoria-budget-renewables.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/11\/victoria-budget-renewables.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/11\/victoria-budget-renewables.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/11\/victoria-budget-renewables.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":1625,"url":"https:\/\/www.solarquotes.com.au\/blog\/debate-rages-over-budget-2012-and-solar-power\/","url_meta":{"origin":4728,"position":3},"title":"Debate rages over Budget 2012 and solar power","author":"Staff Writer","date":"May 14, 2012","format":false,"excerpt":"Was Wayne Swan's 2012 budget good or bad for the Aussie solar industry? Find out here!","rel":"","context":"In &quot;Economics Of Solar&quot;","block_context":{"text":"Economics Of Solar","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/economics\/"},"img":{"alt_text":"Wayne swan putting the 2012 budget together","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2012\/05\/wayne-swan.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":30714,"url":"https:\/\/www.solarquotes.com.au\/blog\/renewable-newstead-solar-mb1073\/","url_meta":{"origin":4728,"position":4},"title":"Victorian Budget Funds For Renewable Newstead Solar Farm Project","author":"Michael Bloch","date":"May 29, 2019","format":false,"excerpt":"Monday's budget held good news for solar buyers throughout Victoria, but the town of Newstead had an additional reason to celebrate with the honouring of an election commitment. Newstead is situated in Central Victoria on the Loddon River in the Shire of Mount Alexander. It's approximately 15 minutes from Castlemaine\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Renewable Newstead - solar energy","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/05\/solar-energy-newstead.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/05\/solar-energy-newstead.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/05\/solar-energy-newstead.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/05\/solar-energy-newstead.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/05\/solar-energy-newstead.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":22343,"url":"https:\/\/www.solarquotes.com.au\/blog\/renewable-energy-nsw-budget-mb0633\/","url_meta":{"origin":4728,"position":5},"title":"Nothing New For Renewables In NSW State Budget","author":"Michael Bloch","date":"June 20, 2018","format":false,"excerpt":"The cupboard was bare for solar power and renewable energy overall in NSW Budget 2018-19, but that isn't likely to hold back the uptake of solar panels in the state. Delivered yesterday, the Budget had little in it in relation to energy generally. In his Budget speech, Treasurer Dominic Perrottet\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"New South Wales Budget 2018-19 - Energy","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/06\/nsw-energy-budget.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/06\/nsw-energy-budget.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/06\/nsw-energy-budget.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/06\/nsw-energy-budget.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/4728","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=4728"}],"version-history":[{"count":5,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/4728\/revisions"}],"predecessor-version":[{"id":4735,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/4728\/revisions\/4735"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=4728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=4728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=4728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}