On 12 March 2020, the Federal Government announced a $17.6 billion economic stimulus package to help Australians deal with the challenges posed by the coronavirus. In doing so, the government increased the ‘Instant Asset Write Off’ value from $30,000 up to $150,000 to encourage businesses to invest in their future and stimulate growth.
The generous tax incentives on offer apply to the investment in and the installation of Solar Power Systems and Energy Efficiency upgrades made to the business. There is no better time than now to invest in renewable and sustainable energy technologies to future proof the business against the rising cost of energy.
Let’s discuss how this applies to your business and we’ll prepare our comprehensive Business Energy Prospectus for your consideration.