Instant Asset Write-Off For Commercial Solar

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Businesses Can Write-Off Solar Instantly

Businesses who are looking to reduce or wipe-out their energy bill and make the switch to solar power are being given a fantastic incentive by the government. From the 12th of March 2020, businesses purchasing an asset of up to $150,000 can immediately write off 100% of the asset. This is an increase of $120K on the previous threshold, which is great news for businesses! Going solar is a smart use of the $150,000 Instant Asset Write-off, but you’ll need to get in quick as the government has only made this available until 30th of June 2020.

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The Financial Benefits

With the ability to write-off the solar system instantly you could reach a return on your investment in as little as 3 years and continue savings of up to $23,000 per year for the rest of the system lifetime. Leaving you with a potential 10 year savings of more than $170,000.

Example Scenario

Company A purchases a new 100kW solar system and power factor unit from Energy Partners. They instantly write-off the entire system using the governments $150,000 instant asset write-off. Company A receives a GST Refund ($10,000), Tax Depreciation($27,500) with return on investment of 3 years. They also have the ongoing secured energy savings of up to $23,000 per year for the system lifetime. As a result the system will produce 1st year net savings of $37,000 and 10 year net savings of $170,000. Company A can also relax knowing that they have a 12 year warranty on their inverter as well as 25 year warranty on panel performance.

Instant Asset Write-Off 30kW Solar

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Intelligent Solar Monitoring

Enjoy full visibility of your commercial solar power technical and financial performance with the latest in solar monitoring platforms. With comprehensive monitoring you’ll have high resolution data and receive automatic alerts on system issues.

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