Instant Asset Write-Off
With the progression of the COVID-19 pandemic, VISTA is helping businesses to save money on their energy costs in these tough economic times.
Taking small steps in the area of energy savings now, could make a BIG difference in the future.
As you may have heard, the Government has just recently introduced a Corona virus support package for businesses.
How can this HELP my business?
Any business-related asset (ie: energy saving equipment, lighting, solar) purchased, is an immediate tax deduction (for purchases up to the value of $150K). There is NO limit to the number of assets you can purchase, as every asset purchased under the threshold is an immediate write-off. The threshold was previously $30K per asset.
This initially applied to all assets purchased between the 12th March 2020 – 30th June 2020. The asset must be installed and/or ready for business use by 30th June 2020 in order to qualify.
On the 9th June 2020, the Federal Treasurer announced that the current expansion of the instant asset write-off scheme, which was due to end on the 1st July 2020, will be extended until the 31st of December 2020.
For more details, please visit the ATO website.
Is there a ZERO-COST finance option?
Businesses can still claim the incentive when purchasing via an Energy Ease Chattel Payment Plan. This means customers can get solutions installed for $0 down while repayments are often less than the electricity bill savings.
On top of this customers can now instantly claim the full value of the system as depreciation. That’s equivalent to $45,000 in tax credit* on a $150,000 system.
Contact VISTA for a FREE energy assessment.
QUICK SAVINGS ESTIMATOR
Find out how much VISTA can save you on your next energy bill.
Your Estimated ZERO-COST, annual electricity savings*
The estimated environment benefits are the equivalent to:
WHAT TO DO NEXT?
Book your FREE on-site Energy Assessment