fbpx Skip to main content

The Australian Government’s economic response to the Coronavirus includes a number of initiatives to support business.

Two of these will be of particular interest to any business who is considering installing solar power.

Solarwise Wagga - Commercial Solar Power - LG-NeON2

Increasing the instant asset write-off

The Australian Government is increasing the instant asset write-off threshold from $30,000 to $150,000 and expanding access to include businesses with aggregated annual turnover of less than $500 million (up from $50 million) until 30 June 2020.

Backing business investment

The Australian Government is introducing a time limited 15 month investment incentive (through to 30 June 2021) to support business investment and economic growth over the short term, by accelerating depreciation deductions.
Businesses with a turnover of less than $500 million will be able to deduct 50 per cent of the cost of an eligible asset on installation, with existing depreciation rules applying to the balance of the asset’s cost.


You can download the fact sheet titled ‘Delivering support for business investment’ and read more about these initiatives and others at this link


Request a Quote

  • This field is for validation purposes and should be left unchanged.

“At SolarWise Wagga our philosophy is simple, we aim to provide relevant and reliable information, quality service, and the highest grade of products at a competitive price.”

Request a free Quote today!
Call Now Button