09-Jul-2009 Sun Shines on Small Businesses! Solar Electricity is now a lucrative financial investment for small business thanks to a trio of new State and Federal Government incentives.

Small businesses only have to the end of this year to take advantage of the Federal Government’s generous 50% bonus tax deduction on solar electricity panels.

Add that to the new solar electricity rebate which will soon be open to businesses and the solar buy back scheme announced by the State Government and small businesses could be recouping their money in as little as 5 years, then making a profit of tens of thousands of dollars over the life of the system.

“These three key incentives have coincided to make solar electricity an excellent investment for small businesses.” Said Adam Tesoriero, Director of SolarSwitch.

The new solar rebate, which will soon be available to businesses, is approximately $7000 on a 1.5KW system. The 50% bonus tax deduction represents a further saving of $2500 in the first year. This means a small business can install a 1.5kW system for less than $5000.

The State Government is also offering a solar buy back scheme of four times the retail rate for excess solar electricity fed into the grid from January 1st. All of this means that a small business could recoup its money in as little as 5 years. Once the system has paid itself off the business stands to make in excess of $30,000 over the life of the system, which has a 25 year manufacturer’s output warranty on the solar panels.

“Until recently there were absolutely no incentives for businesses to go green, now there are several for companies that act fast.” Said Mr Tesoriero

Installing a solar electricity system will also protect the business against rising electricity prices, reduce the company’s carbon footprint and provide excellent opportunities for the business to market itself as environmentally friendly.

“Corporate responsibility is becoming more and more important to consumers when deciding which companies to spend their money with.” Said Mr Tesoriero

SolarSwitch have put together a business model that can be tailored to show each individual company exactly how it can benefit from these incentives. We can then design a system to suit the company’s needs and manage the project from concept to installation.

SolarSwitch only use the highest quality equipment from reputable manufacturers and fully licensed, insured and Business Council of Sustainable Energy accredited electricians for all installations.

For more information or a Free Business Assessment contact Solar Switch on
(02) 8985 9945 or visit www.solarswitchaustralia.com.au

Media Enquiries - Alle Brunning (m) 0414 504 488

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