Top 5 Benefits of Commercial Solar

Commercial Solar

Top 5 Benefits of Commercial Solar

May 14, 2020 2:49:15 PM
Top 5 Benefits of Commercial Solar - featured image
Looking for alternative ways to manage your energy costs and consumption? Commercial solar can provide many benefits for businesses from lowering your operational costs and tapping into a customer base that looks for environmentally responsible companies. Many government rebates and incentives are also available, which help make solar more affordable and easier to purchase. Read on to learn about the top 5 benefits of commercial solar.
 

Advantages of Commercial Solar

Commercial-Solar-System

Instant tax deductions on solar systems

The expansion of the instant write-off scheme allows more businesses to be eligible for the program. The extension enables companies to claim a tax reduction on the cost of solar installations if it's under the threshold through to June 30th, 2020 cut-off. The asset write-off threshold has been increased from $30,000 to $150,000. It includes businesses with a turnover of less than $500 million (up from $50 million).

Incentives through STCs and FiTs

In addition to the instant asset write-off, more help is on hand for businesses looking to install solar panels through Small-Scale Technology Certificates (STCs), which can be used to recoup some of the cost when installing solar systems. Another way you can save money is through Feed-in tariffs (FiTs), which is a payment you receive from your electricity retailer for feeding excess solar electricity back into the grid. These subsidies can cover a considerable portion of the cost of installing a solar power system which means you can get a faster return on your investment. Keep in mind that these incentives are being phased out. Make sure to take advantage of it now before it's too late! Click here to learn more about the government rebates and incentives available.

Reduce your operating costs

Electricity can make up a large portion of your monthly bills. The seasonal changes in utility rates and the rising energy costs can make it difficult to manage expenses. Installing a solar power system enables you to generate your own electricity rather than buying it from your electricity retailer. A system without batteries can have a payback period of 3 to 5 years. Including batteries to your system can further extend your payback period.

Improve and strengthen your corporate image

People are increasingly acknowledging and rewarding businesses who operate responsibly. Companies have the opportunity to use their green credentials to stay ahead of the competition, improve their image and potentially increase their revenue. You can use this as a powerful marketing tool to tap into customers that make their decisions based on a company's environmental responsibility.

Reduce your carbon footprint

Reducing your carbon footprint will go a long way to supporting our environment. Generating electricity from solar panels reduces your need to generate electricity from fossil fuels such as coal and gas, which helps you to create a cleaner energy mix.


Commercial solar can be a cost-effective solution to help you reduce your operating costs, reduce your organisation's environmental footprint as well as strengthen your corporate image. With the instant asset write-offs including the incentives for businesses through STCs and FiTs, there's no better time to shift to renewable energy.

Smart Energy Answers is Australia's leading solar solutions provider based in Sydney. We're proud to have attained the highest accreditation level in Australia. As a CEC Approved Solar Retailer, we're committed to helping communities gain energy independence through the latest technologies and high-quality services. To get started on your solar journey, contact us today on 1300 732 679 or via email at info@smartenergyanswers.com.au.

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