Commercial Solar Panels

solar panel installation and maintenanceHow Much Does it Cost to Install a Commercial Solar System?

5KW Commercial Solar PV System

Average cost:

$3,990 to $8,000

Yearly Cost Savings:

$1,500 – $3000 (Over a 5 year loan period that’s $7,500 to $15,000 in solar savings

10KW Commercial Solar PV System

Average cost:

$11,000 to $17,000

Yearly Cost Savings:

$3,000 – $3,500 annually (Over a 5 year loan period that’s $15,000 to $17,500 in solar savings)

20 KW Commercial Solar PV System

Suited to businesses with low to medium energy usage, who receive annual bills of around $10,000.

Average cost:

$21,000 – $35,000

Yearly Cost Savings:

$5,000 – $10,000 annually (Over a 5 year loan period that’s $30,000 to $50,000 in solar savings)

30 KW Commercial Solar PV System

Suited to businesses with low to medium energy usage, who receive annual bills of $10-15,000.

Average cost:

$25,000 – $40,000

Yearly Cost Savings:

$7,000 – $12,000 annually (Over a 5 year loan period that’s $35,000 to $60,000 in solar savings)

Clean Energy Finance

No need for upfront cash as we provide a 0% deposit low doc finance as an approved solar retailer. Instalment repayments are offset through energy bill savings and instantly claiming the asset write-off before December 31st, 2020

Get a formal quote for commercial solar now and speak to your accountant to make sure your business is ready to get the instant tax write-off before December 31st, 2020. Apply for finance with us if needed and the purchase can be recognised by BAS immediately.

What Solar Power Equipment can be claimed?

Businesses with an ABN can claim up to $150,000 (ex GST) on new equipment

covering solar, battery storage and power factor correction equipment. Plus if before December 31st, 2020, businesses can immediately claim the full value of the transaction as depreciation. For example, acquiring $150,000 of equipment will create $45,000 in tax credit (at a 30% company tax rate).

Instant Asset Write-off Incentive

Take advantage of the government’s instant tax write-off scheme of $150K until end of 2020. Aimed at small to medium businesses its a significant incentive allowing businesses to immediately write off depreciable assets costing less than $150K.

Commercial solar is a great investment to wipe out or significantly lower energy bills. Purchase commercial solar before June 30th and take advantage of the write-off asset scheme. Max Power Electrical is a clean energy council approved solar retailer, which means we signed on to the code of conduct – the only one authorised by the Australian Competition and Consumer Commission (ACCC).

And we provide clean energy finance with low doc loans with 0% upfront for small to medium businesses. No tricky third party finance – finance and installation all provided by Max Power. In fact, the savings from your electricity bill should offset the repayments giving your positive cash flow. 

FAQS

Who Is Eligible?

Any business that turns over less than $500 million dollars. 

What Can be Claimed? 

Claim the total value of an asset up to the value of $150,000 from the next BAS.

What is the Benefit?

Using this incentive to purchase a commercial solar system is effectively writing off the total cost of a 100 KW solar system, which is a much bigger system than most small to medium businesses even need. Most of our clients install anywhere between a 5kw and 30kw commercial solar system. 

Being able to instantly write-off the solar system means the return on the investment could be reached in as little as 3 years and continued savings of up to $10,000 per year (on a 20kw system) and potential 10 years saving of $100,000.