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Government $30,000 Instant Asset Write-Off

Jay Dean
19 August 2021
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Businesses who are looking to halve their energy bill and make the switch to solar power are being given a fantastic incentive by the government. From the 2nd of April 2019, businesses purchasing an asset of up to $30,000 can immediately write off 100% of the asset. This is an increase of $5K on the previous threshold, which is great news for businesses! Therefore, going solar is a smart use of the $30,000 Instant Asset Write-off.

Energy prices continue to rise, making it increasingly difficult for businesses to manage their bottom line. It’s also an ongoing challenge to use energy efficiently and to find the resources to invest in energy reduction initiatives. This results in higher operating costs and the prospect of these expenses continuing to rise. Being dependent on the grid means businesses are bound to its price fluctuations, and let’s face it, electricity prices aren’t getting any cheaper.

With solar, you take control. A solar power system gives you energy independence. It enables you to harness the sun’s energy during the day when your business is in peak operation and turn it into efficient, clean, reliable power for your business. Energy Partners has a range of solar energy solutions for businesses which allow you to take advantage of the $30,000 Instant Asset Write-off incentive. This offer expires in June 2020, so making the switch now ensures you receive a massive rebate while securing ongoing energy savings thanks to solar.

You can also take charge of your business’s energy consumption like never before. Our monitoring technology puts detailed data of your energy use in the palm of your hand via your mobile device or PC. Receive automatic alerts on any faults in your system thanks to our specialised monitoring team, so you always have peace of mind. This technology also allows you to set, track, and meet your energy use goals, putting your business at the forefront of energy best practice and innovation, and leaving more money in your pocket.

 

Is the Instant Asset Write-off for you?

The $30,000 Asset Write-off makes attaining these benefits easy and affordable. Simply enter the cost of your solar system as an expense in the Business and professional items schedule on your tax return, up to the value of $30,000 + GST. In an example where the full $30K + GST is claimed, this will write-off the full cost of the system in the year it is installed, giving you a 27.5% saving.

Perhaps you’re looking for an upgrade? Or do you want to expand your solar energy system? The $30,000 Instant Asset Write-off can help you with these too. Just get in touch with us and we’ll assess the best way to enhance your energy delivery and provide friendly service every step of the way.

When it comes to setting up a solar system that is specifically tailored to your needs, Energy Partners are the experts. Our team of trained professionals have extensive experience assessing the most efficient solar energy set-up that will deliver steady, energy-efficient power to your business. We’d also be more than happy to answer any questions you have about the asset write-off scheme.

Make the move today to cut your electricity bills, reduce your carbon footprint, and harness solar energy to power your business. Call us on 1300 768 977 or contact us here.

Disclaimer: The information contained in this article and the links provided are for general information only and should not be taken as constituting financial or tax advice.

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