It has been a tough couple of weeks with the outbreak and fast spread of COVID-19. There's a little helpful news: the $17.6 billion economic stimulus plan. This will provide many businesses with a significant cash improvement over the next year. Key relevant incentives: - Instant write off raised from $30,000 to $150,000 for companies under $500 million turnover. - 50% bonus depreciation in year 1 After evaluation of the stimulus package, this is how we see it; - Assume a 100kW solar system cost $120,000 after STCs ($132,000 with GST) - Instant tax write off of $120,000 - 50% bonus tax write off in the year of commissioning: $60,000 - GST rebate: $12,000 - Electricity savings: $43,800 Assuming a tax rate of 27%, this is a total cash improvement of $104,400 in year 1 on an investment of $120,000 ex-GST And, for most businesses, in this low-interest environment, they will not need any cash to make this happen. Assuming a chattel mortgage for $120,000 ex-GST, after payments in year 1, will leave about $75,000 in the pocket for the business. No financials required, no cash required - just $75,000 in the bank in year 1! Empower Solar Perth is operating as usual, please contact us on 08 9288 1758 to discuss the suitable system for your business! @goodwesolarengine #goodweinverter #goodwe #longisolar https://www.instagram.com/p/B-LWL_ZHpA7/?igshid=jvgjn54bkx56