As of March 2020, the Australian Government increased the instant asset write-off from $30,000 to $150,000, which means that businesses have the opportunity to purchase solar PV systems with a number of extra financial benefits.
Verdia’s Asset Finance team can structure funding facilities so that our clients do not have to make any finance payments until 3 months after the completion of a solar project.
How vast is the difference between quotes made after the asset write-off increase as opposed to before?
The table below shows an example of a 99 kilowatt solar project quoted in January 2020 compared to a more recent quote in March 2020:
For more information on how the increase to instant asset write-offs can help your business, please refer to this fact sheet issued by the Australian Government.