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Are you a business owner, property owner or tenant?

Take advantage of the government incentive and save money on your next power bill!

Why You should be investing in energy efficiency equipment

01.

Make the most of the new unlimited tax deduction asset write-off scheme

02.

Allow your solar to become an income stream by decreasing your electricity spend with the same usage consumption, resulting in a cash positive quarter

03.

Increase your passive rental income through solar, reducing your electricity bill and adding value to your property

04.

your renewable energy would be a completely tax deductible investment

Sponsored Incentives Currently Available For A Limited Time

Depending on your income, the Government incentives will be cut between December 31st and July 2022

Government Incentive

Recently it has been announced by the Government, under the Instant Asset Write-Off Scheme that businesses will be eligible for unlimited, immediate tax deductions. Previously, limits for businesses only extended up to $150 000. With this change, the government is allowing organisations to claim losses from previous financial years dating back to 2018 and later. This is applicable for companies with revenue under $5 billion, with the option for some to make unlimited claims up until the 30th of June 2022.

How you will benefit as a property owner...

• Make most of total roof space value
• Point of difference from competitors and tenants
• Added value
• Increased rent
• Tax deductions
• Government solar rebate benefits
• Low rate finance terms

As a landlord or property owner, making the most of your roof space by installing solar on your rental property will similarly increase your total space value, adding appeal to current and future tenants. With this added value comes the likelihood of tenants being prepared to pay more money in rent as their cost in electricity will be reduced. Therefore, installation costs can be covered by the rent paid by the tenant.

For tax purposes, you can claim yearly deprecation losses as per the ATO. Additionally, you receive the benefits of the solar rebates, which will fluctuate depending on the required system size. This allows the government to assist with your overall costs, reducing the price of the solar system. Finally, tax deductions can be claimed on your purchase as a capital expenditure due to improving property assets.

How You will benefit as a business owner...

• Government tax benefits:
• Instant claims for equipment and the installation
• Future proof your business
• Cut electricity bills with power factor correction, solar, lighting and other efficiency equipment
• Generate savings
• Easy finance plans

Professional Brisbane Electrical Project

Under this government scheme and tax benefits, there is the opportunity to future proof your business with solar. By installing a solar system and claiming tax deductions for equipment and the installation, it will be possible to cut electricity bills and generate savings each quarter. The large concessions on your tax provide a risk-free strategy when investing in renewable energy. Once your solar system has been installed, deductions can be claimed instantly.

How you will benefit as a tenant...

As a Tenant
• Affordable rooftop solar
• Split incentives
• Government rebates
• Lower electricity costs

Are you a long-term tenant looking to cut costs? Even though you may not own the property where you are situated, it is still worthwhile installing solar using the available assistance to get access to renewable energy. You can also negotiate with your landlord as part of the ‘split incentives’ initiative, where costs are shared between the tenant and the landlord. After going ahead with your solar install, electricity costs will be cut throughout the remainder of your lease.

IE Solar has partnered with verdia to ensure the best finance options. Here is what they have to say.

"Obtaining finance for Solar PV systems has never been easier with numerous avenues available for the landlord or tenant to purchase the Solar PV system. And with the recent announcements by the Federal Government in the budget encouraging CAPEX, there has never been a better time to start creating your own power.
By undertaking a Solar PV project, the tenant and/or business owner improves their cash flow as they pay less each month for their electricity and they will be eligible for getting access to the major tax incentives currently available. The landlord will get the benefit of reduced outgoings and a more valuable property next time the property is revalued.
The business owner and/or the tenant can access finance solutions from funding provided by the Big 4 banks without the need for financial information to be provided.
For a 99kW system, you can get access to rates of 3.98% for 6-year terms. And terms of 10 years are also available if the borrower would like to spread their payments out over a longer-term.
Please contact us if you would like us to include a payment plan in our proposal for Solar PV at your property."

Not only will this allow you to have solar installed without expensive upfront costs, but you will also be able to claim the value of the system while reducing your electricity bill.

Where to Next?

Free quotes | free personalised consultation |
free bill analysis

If you were already considering making the switch to renewable energy, now is the best time to take advantage of the government benefits and reduce your electricity costs while improving your organisation and preparing for the future.

Get in touch with our friendly team today by calling us on 1300 518 148 or you can visit our staff in person at U3/20 Dover Drive Burleigh Heads.

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8am to 4pm Monday to Friday.

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You will hear back from us within 48 hours.

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