Rooftop Solar

Attention: Business owners, Instant asset write-off for eligible businesses

 

1. Multiple assets as long as the cost of each individual asset is less than the relevant threshold

2. New and second-hand assets.

For details, please refer the ATO official website at the following link:

https://www.ato.gov.au/Business/Depreciation-and-capital-expenses-and-allowances/Simpler-depreciation-for-small-business/Instant-asset-write-off/

 

Rooftop solar has never been more affordable for homeowners, business owners, and investors.

The shift toward clean, reliable, affordable electricity in Australia is most visible in the rapid proliferation of solar panels mounted on the roofs.

Solar is, to a great extent, and equal opportunity renewable energy, with sufficient sunshine across the nation to make solar an attractive option in every state. A Classic 5KW solar (photovoltaic, or PV) system can generate more than 7000KWH a year.

Individuals and businesses have been attracted not just to the environmental benefits of solar power, but also to the ability to generate their own power and to the fixed and competitive price of electricity that these systems provide.

The economics of rooftop solar

Rooftop solar is increasingly cost-effective for homeowners, business owners, and their communities. Reductions in technology prices, innovative financing, and growing networks of solar installers and financial partners all helped drive down the prices for small solar systems in Australia by 60% percent from 2010 to 2020.

Dropping prices is due to small-scale technology certificates (STCs) and PV product costs.

Ownership options abound

Solar’s increasing success is also due to innovative ownership structures.

Many homeowners and businesses are taking advantage of third-party ownership options. Under solar leases or power purchase agreements, electricity customers typically pay little or nothing upfront for rooftop systems, then get electricity from the systems over a long period at attractive fixed rates. The systems (and maintenance responsibilities) remain the property of the project developers, which may be private companies or electric utilities themselves.

Companies have also embraced rooftop solar not only to improve their environmental profiles but also to lower their operating costs.

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