|
Solar Energy & Businesses
As a business owner there are many benefits of installing a solar power system. Not only will you be contributing to saving the environment you will be creating renewable energy which will significantly reduce your power bills. To reduce the environmental impact your business is having on the environment and to start cutting the cost of your power bill call Eco Solar Energy Australia today on 1800 326 765 to organise for a consultant to come out and discuss the advantages of solar and to provide a FREE no obligation quotation to suit your business.
Tax Incentives
Businesses that install a solar power system on their premises are entitled to claim a tax deduction of up to 50% under the small businesses and General Business Tax Break Legislation.
Small business entities - (Less than $2 million turnover a year)
Small businesses will now be able to claim a bonus tax deduction of 50 per cent (after rebates and RECs) – up from 30 per cent previously of the cost of eligible assets acquired between 13th December 2008 and 31st December 2009, and installed by 31st December 2010.Small businesses will be able to depreciate 100% of the cost of the system over the life of the system.
Other business entities - ($2 million or more turnover a year)
All other businesses can continue to access the Tax Break at 30 per cent for the solar power system purchased between 13th December 2008 and 30th June 2009 and installed on or before 30th June 2010. The capital deduction for medium and large businesses will decrease from 30% to 10% from 1st July 2009 till the 31st December 2009 and installed on or before 31st December 2010.
Media Releases - Read More
Australian Taxation Office- Read More
|
