There has never been a better time to purchase a commercial solar system for your business. Not only will a commercial solar system reduce your operating expenses by thousands, the current $150,000 Instant Asset Write-Off means you can immediately write off depreciable assets that cost the business less than $150,000.

The only criteria being:

  • Business must have an aggregated turnover of less than $500 million
  • Asset must cost less than the instant asset write-off threshold
  • Asset must be purchased and used in the year the write-off is claimed

Instant Asset Write Off Explained

Prior to increasing the asset write off limit to $150,000 it was set at $30,000. Assets that exceeded this asset write off limit were only able to be written off partially every year, in accordance with the relevant depreciation rate for the class of asset. With the limit now increased it means businesses can now claim the full expense of the asset in the same financial year that it was purchased.

Instant Asset Write Off And Solar

For solar this means a commercial sized solar system is now fully tax deductible in the financial year it was purchased. This will help reduce the amount of tax paid at the end of the year and reduce your operating expenses every year the system is on the roof. Not only will it save you money but a well designed large commercial solar system will general pay for itself within 5 years.

If you have been considering installing a solar system for your business, now is the time to do it. Stralis Energy is a local solar installer specialising in the design and installation of commercial and residential solar systems. We offer a full turn key solution. Our Clean Energy Council certified designers and installers ensure the whole process is completed efficiently and to an extremely high standard.

If you would like to learn more call us on 1800 787 254 or get in touch via email or contact form.