Small Business Energy Incentive

For small businesses looking to reduce operating costs and improve efficiency, the Small Business Energy Incentive is a valuable opportunity. This initiative, introduced by the Australian Government, offers tax incentives to encourage energy-efficient upgrades, helping businesses lower expenses and increase profitability.

What is the Small Business Energy Incentive?

The Small Business Energy Incentive is designed to help businesses invest in energy-saving technology, cutting utility bills and maximising tax benefits. It provides an additional 20% bonus tax deduction on eligible assets that improve energy efficiency, up to a maximum investment threshold.

This means that if your business upgrades to energy-efficient lighting, HVAC systems, or modern electric appliances, you could claim extra tax savings while also significantly reducing your monthly energy costs.

Who is eligible?

To qualify for the incentive, businesses must:

  • Have an annual turnover of less than $50 million

  • Purchase eligible energy-efficient assets (e.g., heat pumps, electric appliances, batteries, etc.)

  • Install and use these assets in Australia

  • Have made the investment before 30 June 2024

Why should your business take advantage of this?

  1. Lower Operating Costs: Investing in energy-efficient technology can lead to significant reductions in electricity and gas bills.

  2. Tax Savings: The 20% bonus tax deduction allows you to maximise savings on eligible investments, keeping more money in your business.

  3. Increased Profitability: Cutting energy expenses means you have more funds to reinvest in growing your business.

  4. Future-Proof Your Business: With energy prices rising, upgrading now can protect you from increasing costs in the future.

How Powerfy can help

At Powerfy, we specialise in helping businesses reduce their energy costs with smart, cost-effective solutions. Our team can:

  • Assess your current energy usage and recommend money-saving upgrades

  • Help you maximise tax benefits through strategic investments

  • Guide you through the incentive process to ensure compliance

  • Provide tailored energy solutions that drive long-term financial savings

Get started today!

Investing in energy-efficient solutions helps you cut costs, increase savings, and boost your bottom line. Contact Powerfy today to explore how you can take advantage of the Small Business Energy Incentive and start saving!