Solar incentive for businesses in QLD

In Queensland, businesses can benefit from subsidised solar systems that, depending on the location and size of your business can provide great benefits. The system in Queensland is categorised under Small Scale (under 100kW) and Large Scale (over 100kW) systems.

Small-Scale Technology Certificates (STC’s)

Small scale (under 100kW) installations of solar systems come under the Small scale Technology Certificates scheme or STC’s. This provides an up front discount to the cost of going solar. This covers up to 50% of the value of the installation or a discount on the real value of the system.

A number of criteria must be met, this includes

Your installer must meet requirements stated here

STC calculation solar

How are STC’s calculated?

  • Total size of the system
  • The rating of the Solar zone you plan to install the system in (See above)
  • Number of years remaining until the rebate scheme ends

We have covered STC’s in other articles for residential solar systems. But, if you want to calculate an STC’s estimate, use the tool below.

Large-scale Generation Certificates

Larger installations or Large Scale (over 100kW) are classified differently, as Large-scale Generation Certificates (LGC’s. ) A very large system with a large capacity being run until 2030 can be eligible.

Both of these systems are running until 2030, with the amount of certificates released will be reduced.

Repairing solar panels

Feed-in Tarrifs

Just like with residential solar systems, commercial systems can be rewarded for exporting surplus power back to the grid. Your electricity retailer will pay your with a small deduction on your bill for each (kWh) of electricity you provide back. This will be in the range of 10 cents per kW hour. Ask your energy company to find our what your rate could be.

Tax instant asset write-off

There are a number of tax benefits at a federal level to consider. These include

  • Instant asset write-off raised from $30,000 (with a turnover of less than 50 million) to $150,000 with a turnover of less than 500 million before 31 December 2020.
  • Businesses to claim 50% of depreciation costs (no maximum threshold) if approved project is delivered by 30 June 2021

More on this can be found on the ato website here. While this is exciting, we recommend talking to your accountant or financial expert about your eligibility here.

Finance options

  • For solar and environmental upgrades, grants may be available to small businesses within Queensland, providing grants of $3000 for combined solar and battery systems.
  • Unfortunately, there are no Environmental Upgrade Finance (EUF) agreements for Queensland residents or business owners at this time. However, there are low interest loans available through the Clean Energy Finance Corporation (CEFC), who are dedicated to providing support to businesses that wish to invest in solar power.
  • Depending on the projects and eligibility the loan can cover the entire cost of the equipment needed, with repayments spread over a longer term. They have partnered with leading financial institutions within Australia to over the most competitive rates, the top 3 lenders being: Bank of Queensland – Energy Efficient Equipment Finance ANZ – Energy Efficient Asset Finance RateSetter – Green Loans

If you want to find out more about Commercial Solar, make sure to click below to find out more. Or if you want to enquire with us, fill out the form below.

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