We're not tax experts - but we know solar
When you’re doing business in one of the world’s sunniest places, it makes sense to put all that sun to work for you.
Many businesses are taking control of their energy needs by investing in solar. The Federal Government has announced the instant asset write-off will increase from $30,000 to a maximum of $150,000* which means that eligible businesses could claim up to a $150,000* deduction for a business asset, which may include commercial solar panels.
How your business can save with solar?
We’ll help you find the right size solution to match your business needs – and your registered tax agent can help you figure out how much you can claim. In many cases, you might be able to claim the entire cost of your system. If you run a home-based business, you might be able to claim the business proportion of your solar panels, in the same way you might make other write-offs.
The cost of your SolarReturn system, and how much you can write-off, will depend on a number of factors. You can talk to us about solar – and we recommend you speak with your registered tax agent to find out what’s right for your business.
Solar at work: Deep dive into solar savings
Every week, State Swim teaches 15,000 students across WA to swim. With ever increasing energy consumption across their six sites in Perth, WA, State Swim were determined to find a way to reduce their energy costs across their multiple commercial sites and investigate the savings that could be made for their business by installing solar. After receiving full transparency on the suitability of their centres by going solar - plus the long standing relationship that already existed, Synergy SolarReturn was chosen to deliver State Swim’s solar solution at four of their centres across Perth.
- 160kW - Total size of systems now installed at four State Swim sites
- 20% savings - Estimated annual electricity bill offset per site
- 3.3 years - Estimated payback period for each site
– Ben Robertson, State Swim Chief Operating Officer.
Are you running a not-for-profit?
You might be eligible to apply for our Synergy Community Solar Fund to help your business benefit from solar.^
We help up to six eligible not-for-profit community or charity groups every year by providing them with a SolarReturn solution suited to their business, fully supplied and installed by our team. Our recipients can save on solar and invest even more back into the amazing work they do in our WA community.
The selection process runs just once every year – although the solar benefits keep going for our recipients!
Get an obligation-free quote
When you choose a Synergy SolarReturn system, you’ll get a high quality, low-maintenance commercial solar system that is designed especially for your business.
You also get the peace of mind that comes with all of our energy experience across Western Australia. We power more than 1 million residential, business and industry customers in WA – and we pride ourselves on getting to know the different needs of our wide range of customers, including your business.
To find out more, including whether your business is eligible, visit the ATO website and speak with a registered tax agent.
*Synergy has no role in relation to commercial solar finance. On request, Synergy can refer you to Macquarie Leasing to explore a range of finance options that may be available to you. Finance is provided by Macquarie Leasing Pty Ltd ABN 38 002 674 982 (Australian Credit Licence No.394925) to approved applicants (not available to residential clients), subject to Macquarie Leasing's assessment criteria. Fees, charges and conditions apply. You should consider your own circumstances before seeking finance. Synergy may receive a commission from Macquarie for this referral.
Macquarie Leasing Pty Limited ABN 38 002 674 982 Australian Credit Licence No. 394925 (“Macquarie Leasing”) reserves its right to approve applications on such conditions as it may see fit in its sole discretion, and may alter the information and requirements in this webpage at any time without notice. All applications to Macquarie Leasing are also subject to duly executed satisfactory transaction documents, approval conditions and normal settlement criteria. No part of this webpage is to be construed as an offer by anyone capable of acceptance or as a solicitation to obtain a financial product. The information is not an expression of opinion or recommendation and does not constitute financial, accounting, taxation, general or personal advice and should not be relied upon as such. The recipient should make its own assessment of any product or services referred to in this document and seek appropriate advice. Macquarie Leasing is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Cth), and the obligations of Macquarie Leasing do not represent deposits or other liabilities of Macquarie Bank Limited. Macquarie Bank Limited does not guarantee or otherwise provide assurance in respect of any of the obligations of Macquarie Leasing.
^Roy Morgan NTS survey, 2018.