With energy prices rising, Australian businesses are looking to renewable generation to reduce costs and emissions. However, technologies like solar PV, battery storage, and wind power require significant upfront capital expenditure. The good news is Australian federal and state government assistance can offset a portion of these costs through grants, rebates, tax deductions, and other incentives. This guide provides businesses with a valuable overview of the renewable energy subsidies available.
Leverage these current subsidies and programs:
Asset Write-Offs - 100% immediate tax deduction available on eligible solar and wind assets under 15 years useful life until 30 June 2023 . Accelerated depreciation then applies.
Feasibility Study Grants - Government co-funding available for detailed feasibility studies for clean technology projects .
Energy Audits - Discounted energy audits for small/medium businesses help identify efficiency upgrades to optimise renewable system sizing .
Solar Rebates - NSW, VIC, QLD and SA offer state level rebates from $500 to $3000 for small solar PV systems under 30kW.
Interest Free Loans - NSW and QLD provide interest free loans up to $50k for solar, battery and energy efficiency upgrades.
Renewable Certificates - NSW, VIC and QLD solar export rebate schemes pay businesses for generated solar sent to the grid.
Equipment Rebates - Support for technologies like waste heat recovery, insulation, EV chargers and more. Varies by state.
Grants - NSW, QLD, SA and WA offer grant programs periodically for business renewable projects meeting criteria.
ARENA Grants - The Australian Renewable Energy Agency provides periodic competitive innovation grants for renewable pilots and trials .
CEFC Financing - Businesses can access Clean Energy Finance Corporation loans starting at $20m for major renewable projects.
Bank Finance - Green loans, sustainability-linked loans and climate bonds at lower rates help finance renewables.
With proper planning, Australian organisations can stack government grants, rebates, tax deductions and other incentives to improve the business case for renewable energy investments. Save time and money by engaging specialists to identify all subsidies you qualify for. The assistance available makes going green more affordable than ever - so take advantage.