Why your business should seriously consider investing in solar
There’s a rooftop revolution currently underway in Australia, as both homeowners and businesses make the move to solar power in record numbers.
And who can blame them? Generating a supply of free, clean energy from our abundant sunshine makes perfect sense – especially when you consider the sky-high cost of electricity. And while those crippling energy bills are here to stay, the cost of solar has dramatically dropped. So, as most businesses use the majority of their power in the day, installing solar can quickly pay for itself.
But if slashing your business’ electricity bill isn’t enough to convince you, here are three more reasons why investing in solar makes great business sense.
Future proof your bottom line
Even if you use more energy than you generate, installing solar can dramatically reduce your reliance on the grid. That means you’re buying less from the electricity companies, so you’re better protected against future price rises.
Government rebates and tax breaks
The federal and state governments have various financial rebates that can reduce the upfront costs of a small scale commercial system by as much as 50% depending on your eligibility. This speeds up your return on your investment.
Due to COVID-19, the instant asset write-off threshold was lifted to $150,000 until 31 December 2020. This means businesses can currently claim an immediate tax deduction on the entire cost of commercial solar power, rather than over a number of years.
Gives your brand eco-credentials
Solar energy is clean and renewable, so helps protect the environment and our planet’s resources. More than 75% of Australians are concerned about global warming. Installing solar sends a powerful message to these consumers that your business is doing its bit to lower its carbon footprint.
Thinking about installing a solar system for your business? Contact Midwest Solar & Electrical to find out more.