Benefits Of Solar At Your Business

Solar Red does not only install solar systems for households but also for businesses from small businesses such as car smash repairs, shops and more to larger scale businesses such as hotels, pubs and more.

We provide our customer with the best recommendation and the best product for their business to benefit them and increase their profit by having solar power reduce one expense which they cannot get away from – ELECTRICITY!

We have installed solar for commercial properties all over NSW including both metro and regional areas. We want our customer to save on their electricity bill. We want businesses to see how their bills can do down with solar power. For those who use the power at night time, we have the solution for you. Energy storage are available for you to use the power at night time while you are operating. At Solar Red, we have a solution for all our customer and plan to satisfy all their needs.

Instant Asset Write-Off

THE WRITE-OFF THRESHOLD OF $20,000 HAS BEEN EXTENDED TO JUNE 2018

Using the simplified depreciation rules, assets costing less than the instant asset write-off threshold are written off in the year they are bought and used, or installed ready-for-use. This applies irrespective of whether the asset is purchased new or second-hand.

The current threshold is $20,000. While only the taxable purpose proportion is deductible, the entire cost of the asset must be less than the threshold.

If you bought an asset before 1 July 2017 and it costs less than $20,000, you can immediately deduct the business portion in your 2017 tax return.

You are eligible to use simplified depreciation rules and claim the immediate deduction for the business portion of each asset (new or second hand) costing less than $20,000 if:

you have a turnover less than $10 million (this has increased from $2 million), and
the asset was first used or installed ready for use in the 2016-17 income year.

Reduce Operating Costs

Businesses operate mainly during the daytime when the sun is shining which enables the business to get the most out of their solar systems. With $0 upfront, a business’ cashflow is not affected and the operating costs of the business is reduced as the electricity bill decrease significantly.

With only a short payback period, this liability turns into an asset.

Investing in solar value will generate a long term savings and a quick payback

Grants And Incentives

Electricity prices have increased sharply in the last decade by up to 63%. This only indicates that the prices with only continue to increase significantly over the next few years.

Because of the SRES, solar power is now a lot more affordable than what it was several years ago. You can now have solar fully installed on your roof and not have to put down a deposit for it on a payment plan. That’s right, you pay nothing upfront. Financing your solar system should not be complicated.

Solar Red offers flexible payment options with very low fortnightly repayments so that you can choose what’s right for you.

Solar Installation At Your Business

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