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Solar plus Stimulus delivers renewable energy at 2 cents per kWh!

Finance

The recent announcement by the federal government to as part of the national stimulus package creates a further windfall for businesses looking to purchase solar.

For a 100kW system, the renewable energy target already provides a ‘green benefit’ of some $55,000 towards your move to cheaper, renewable energy. With an immediate tax deduction introduced through the stimulus package, it is possible to reduce your year 1 cash flow by a further $35,000* for systems purchased by eligible businesses before 30 June 2020.

With a total savings of up to 70% through a mix of tax benefits and green benefits, businesses can be consuming energy from solar for as little as 2 cents per kWh over the systems 20+ year life.

Solgen Energy offers businesses a clear pathway to achieving these outcomes. Contact us to discuss options for your business for a straightforward turn-key solution.

SUMMARY

The full Australian Government response can be found here.

*Estimate only based on company with taxable income at 27.5% allowing deduction for estimated cost of 100kW system.

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