{"id":72622,"date":"2023-03-22T05:51:22","date_gmt":"2023-03-21T19:21:22","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=72622"},"modified":"2023-11-22T12:30:26","modified_gmt":"2023-11-22T03:00:26","slug":"business-solar-incentives-mb2869","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/business-solar-incentives-mb2869\/","title":{"rendered":"Time to Act: Solar Incentive for Businesses Ends Soon"},"content":{"rendered":"

\"Commercial<\/p>\n

It won’t be long before the window of opportunity on a generous incentive for installing commercial solar closes. Small businesses should be talking to their accountants right now.<\/p>\n

The benefits of commercial solar systems<\/a> large and small are only becoming more apparent, particularly with power prices skyrocketing and likely to go higher<\/a> for many small businesses in Australia very soon. Even prior to recent electricity price rises, it wasn’t uncommon for simple payback on commercial solar systems to be achieved within 5 years in situations where businesses operate primarily during daylight hours.<\/p>\n

In addition to energy bill savings, having a system installed can be a flag to customers and partners that a business is doing its bit towards emissions reduction. Winners all round.<\/p>\n

Commercial Solar Incentives<\/h2>\n

For small scale systems; i.e., those under 100kW capacity, Australia’s “solar rebate<\/a>” comes into play as it is available to businesses. While commonly called a rebate, this actually provides an up-front discount on a system purchase – and in the case of commercial solar, it can be huge.<\/p>\n

Just as an example, a 99kW system installed in Perth, Adelaide, Brisbane or Sydney would attract a subsidy of around $40,000. Even a “small” system of 30kW capacity gets around $12,000 in support. 30kW is not the lower limit. It can be any size below 99kW to be eligible for the subsidy; even 6.6kW<\/a> and 10kW solar systems<\/a>.<\/p>\n

But wait, there’s more – although not for much longer.<\/p>\n

Tax Incentive Ending Soon<\/h2>\n

Tax-wise, solar systems are depreciating assets with an effective life of 20 years. But in the 2020 Budget, the Federal Government announced eligible businesses could fully expense eligible items<\/a> (including solar power systems) in the year the asset was first used or *installed ready for use*.<\/p>\n

This initiative was set to end on 30 June 2022, but was subsequently extended for a full year until 30 June 2023.<\/p>\n

For a business to be eligible, it must have an aggregated turnover of less than $5 billion or be a corporate tax entity that meets the alternative income test. In other words, all Australian small-to-medium enterprises (SMEs) would be eligible.<\/p>\n

While there’s still a bit over 3 months to get a system installed, time flies – particularly in business – and a few ducks will need to be lined up. Very importantly, this includes first consulting an accountant\/tax agent before taking further steps1<\/a><\/sup>. Assuming a bean-counter’s blessing is received, the next step will be organising quotes from reputable solar installers<\/a> (and SQ can certainly help there) who will advise on the best system for your needs and circumstances.<\/p>\n

Remember, it won’t be enough to have just signed a sales contract on a solar power system by June 30. The system will need to be installed and ready for use by that date. Good installers may very hard to find if left too late, and that time is very rapidly approaching.<\/p>\n","protected":false},"excerpt":{"rendered":"

It won’t be long before the window of opportunity on a generous incentive for installing commercial solar closes. Small businesses should be talking to their accountants right now.<\/p>\n","protected":false},"author":17,"featured_media":72623,"comment_status":"open","ping_status":"closed","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":[678],"tags":[],"class_list":["post-72622","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"\nTime to Act: Solar Incentive for Businesses Ends Soon<\/title>\n<meta name=\"description\" content=\"It won't be long before the window of opportunity on a generous incentive for installing commercial solar closes.\" \/>\n<meta name=\"robots\" content=\"index, follow, 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CBA's Green Vehicle and Equipment Finance is now available for assets including: Electric cars, trucks and\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Green finance from the Commonwealth Bank","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/04\/cba-green-finance.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/04\/cba-green-finance.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/04\/cba-green-finance.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/04\/cba-green-finance.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/04\/cba-green-finance.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":38135,"url":"https:\/\/www.solarquotes.com.au\/blog\/commercial-solar-write-off\/","url_meta":{"origin":72622,"position":1},"title":"Most Commercial Solar Can Now Get Instant Asset Write-Off Until June 30","author":"Ronald Brakels","date":"March 17, 2020","format":false,"excerpt":"Due to the economic hit from the coronavirus COVID-19 and bushfire disasters, the Federal Government has announced a $17.6 billion economic stimulus.\u00a0 It includes tax deduction incentives that make commercial solar power -- and other investments -- even more attractive.\u00a0 Provided it's for business, the incentives will improve tax deductions\u2026","rel":"","context":"In "Commercial Solar"","block_context":{"text":"Commercial Solar","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/commercial-solar\/"},"img":{"alt_text":"Commercial solar instant asset writeoff","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/03\/commercial-stimulus.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/03\/commercial-stimulus.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/03\/commercial-stimulus.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/03\/commercial-stimulus.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/03\/commercial-stimulus.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":60870,"url":"https:\/\/www.solarquotes.com.au\/blog\/solar-port-adelaide-enfield-mb2431\/","url_meta":{"origin":72622,"position":2},"title":"Solar And Battery Grants Available To Port Adelaide Enfield Businesses","author":"Michael Bloch","date":"April 13, 2022","format":false,"excerpt":"Port Adelaide Enfield Council has kicked off a pilot subsidy scheme to support small-to-medium enterprise investment in solar power and other green initiatives. The City of Port Adelaide Enfield is one of the largest metropolitan councils within South Australia. Covering inner north and north-western suburbs of Adelaide; the LGA is\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"City of Port Adelaide Enfield solar grants","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/04\/port-adelaide-enfield-solar.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/04\/port-adelaide-enfield-solar.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/04\/port-adelaide-enfield-solar.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/04\/port-adelaide-enfield-solar.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/04\/port-adelaide-enfield-solar.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":21376,"url":"https:\/\/www.solarquotes.com.au\/blog\/budget-commercial-solar-mb0580\/","url_meta":{"origin":72622,"position":3},"title":"Positive News From Budget For Small Commercial Solar Power","author":"Michael Bloch","date":"May 10, 2018","format":false,"excerpt":"There was little in Budget 2018-19 directly related to renewables, but small businesses have been provided an extended incentive to go solar. A $20,000 instant asset write\u2011off, first introduced in the 2015\u201116 Budget, was due to end on June 30 this year. However, it will be extended for a further\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Commercial solar energy","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/05\/small-commercial-solar.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/05\/small-commercial-solar.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/05\/small-commercial-solar.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/05\/small-commercial-solar.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":29538,"url":"https:\/\/www.solarquotes.com.au\/blog\/redeployable-commercial-solar-mb1014\/","url_meta":{"origin":72622,"position":4},"title":"Redeployable Commercial Solar Gets ARENA Cash","author":"Michael Bloch","date":"April 15, 2019","format":false,"excerpt":"The Australian Renewable Energy Agency is supporting a project involving the installation of redeployable solar power systems on commercial and government buildings. While commercial solar power is a no-brainer business decision in many cases these days, some businesses are locked out of solar savings as they rent the premises in\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Solpod redeployable commercial solar","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/04\/solpod-commercial-solar-2.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/04\/solpod-commercial-solar-2.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/04\/solpod-commercial-solar-2.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/04\/solpod-commercial-solar-2.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/04\/solpod-commercial-solar-2.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":31454,"url":"https:\/\/www.solarquotes.com.au\/blog\/city-adelaide-solar-ev-mb1111\/","url_meta":{"origin":72622,"position":5},"title":"New City of Adelaide (Council) Shared Solar And EV Charger Incentives","author":"Michael Bloch","date":"June 27, 2019","format":false,"excerpt":"The City of Adelaide has announced the addition of new rebates to its already significant list of support for solar power, energy storage, electric car charging and energy efficiency that will be available during the 2019\/20 financial year. Formally announced yesterday, the first new incentive is designed to assist with\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"City of Adelaide's Sustainable City Incentives Scheme","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/06\/city-adelaide-solar.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/06\/city-adelaide-solar.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/06\/city-adelaide-solar.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/06\/city-adelaide-solar.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/06\/city-adelaide-solar.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/72622","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\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=72622"}],"version-history":[{"count":8,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/72622\/revisions"}],"predecessor-version":[{"id":80114,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/72622\/revisions\/80114"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/72623"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=72622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=72622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=72622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}