#EveryoneNeedsAPlan: Small Business Energy Incentives for 2024 FY

Your business may be eligible to claim a tax deduction of up to $20,000 in the 2024 FY for expenditure related to electrification or efficient energy use.

• The deduction is limited to 20% of the expenditure, for expenditure up to a maximum of $100,000
• A business purchasing or upgrading solar systems (e.g., panels or batteries) is a good example

If you're unsure if your business is eligible to claim the Energy Incentive, contact your Account or Tax Agent, or  Contact Us if you need a referral to a tax professional.