Solar power incentives and rebates for Australian business
As a environmentally conscious business owner, there's all sorts of strategies you can implement to reduce the greenhouse gas impact of your business and one of the ways you can do so is to install a solar power system!
Aside from the lure of creating clean, renewable energy to run your own business and slashing your power bills, the Australian government offers additional incentives and rebates to encourage uptake of solar power by businesses - and is likely to implement more soon! Contact our team for expert, no-obligation advice about how these incentives may apply to your business!
Tax incentives!
Claim a tax deduction of up to 50% on a solar power system installed on your business premises
- Tax Breaks for Green Buildings
From 1 July 2011, the Australian Commonwealth Government will introduce a new incentive program to encourage businesses to become more energy efficient. Businesses with energy ratings of 2 stars or lower who increase their ratings to 4 or more will be eligible to claim a one off tax bonus deduction of 50% of the eligible assets or capital works. This incentive program has been Budgeted as part of the Renewable Energy Future Fund.
Renewable Energy Certificates - RECs
Renewable Energy Certificates, also known as RECs, accompany approved solar power equipment. RECs are tradable and JT Solar can arrange to provide a point of sale discount on our already low prices if you choose to assign the RECs to us; saving you the hassle of selling the certificates yourself and potentially saving you thousands of dollars on a system!
Feed in tariffs
A feed in tariff is where your business will be paid a premium rate over and above the current market rate for the electricity your grid connected solar power system produces. While a national, uniform program is still under consideration; each state currently has their own program or will be implementing one soon. Rates and program conditions vary from state to state. You can learn more about feed in tariffs applicable in your state here.
Thinking of switching your business on to solar power? Contact our team for friendly, free, no-obligation advice!