Solar and Taxes

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I have written here about the benefits of installing solar on commercial roofs.  The energy cost savings and carbon abatement.  The strong business case and shorter payback periods for commercial solar.

But did you know that if your commercial solar system is installed before the end of this financial year you may be able to claim it as an instant tax deduction?  Instead of depreciating the asset over the lifetime of the system, you could write it off this year.

This will change from 1 July and only applies to systems under $20,000, so check with your accountant for advice on whether your small business could qualify.

Book a free solar audit at your business today.  Emporium Energy will design a solar system to suit your needs and budget, so you can stop wasting money and start producing clean, low-cost renewable energy.

 

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