Attention small business owners! Are you ready to take your business to the next level with an energy transformation? The upcoming Budget is putting small businesses front and center with an exciting new tax incentive designed to propel your energy efficiency forward.

The government has recently introduced the Small Business Energy Incentive, aimed at empowering up to 3.8 million small-and medium-sized businesses to save energy and reduce their energy bills. With this incentive, businesses with annual turnover of less than $50 million can enjoy an additional 20% deduction on spending towards electrification and enhancing energy efficiency.

Imagine upgrading your heating and cooling systems, switching to more efficient appliances like fridges and cooktops, or investing in batteries and heat pumps—all while enjoying significant tax deductions. This is not just about saving on bills; it’s about positioning your business for sustainable growth in line with Australia’s energy transition.

Whether you’re a tradie, manufacturer, restaurant owner, hairdresser, or real estate agent, this incentive is tailor-made to benefit you. By embracing energy-efficient technologies, you’ll not only reduce costs but also contribute to lowering emissions for a greener future.

With up to $100,000 of total expenditure eligible for the incentive and a maximum bonus tax deduction of $20,000 per business, the opportunities are substantial. But act fast—eligible assets or upgrades must be first used or installed ready for use between 1 July 2023 and 30 June 2024.

Don’t miss out on this opportunity to invest in your business’s future success. Contact us today to learn more about how you can leverage the Small Business Energy Incentive and position your business for growth and resilience in the evolving economy. Let’s build a stronger, more sustainable future together!