How the government helps you go solar
Through Small-scale Technology Certificates (STCs) and Solar Credits. Given that these rebates will be phased out over the coming years, now is the time for your business to take advantage of these generous subsidies and go solar.
For more information on Small-scale Technology Certificates and Solar Credits, click here.
Feed-in Tariffs (state incentives)
not only does the federal government help with the upfront cost of installing your solar power system, but some state governments help you pay off your system through a Feed-in Tariff for the clean energy you generate, which will lower your electricity bills and protect your business from future price rises. Essentially, you are selling electricity back to the grid at a higher rate than you pay for it.
For more information on Feed-in Tariffs, click here.
On top of the rebates and Feed-in Tariff, you’ll also get some handy tax advantages from going solar:
- Depreciation tax deductions of up to 30% each year, depending on your business turnover.
- If your business is registered for GST, GST is refunded for 10% of the system cost on your next BAS statement following your purchase.
We recommend that all business customers seek professional or financial advice that is relevant to the specifics of your business before making any investment decisions.