Tax Time Is Here — Is Your Business Making the Most of Renewable Energy?
Smart moves before 30 June that can cut your tax bill and lower your energy costs for years to come
It’s that time of year again. End of financial year is just around the corner, and savvy business owners across Australia are looking at ways to reduce their tax bill before 30 June. One of the smartest moves you can make right now? Investing in renewable energy for your business — and making the tax system work in your favour at the same time.
Whether you run a café, a trade business, a retail shop, or a commercial operation, the combination of tax incentives and genuine long-term energy savings makes renewable energy one of the most financially savvy EOFY investments available to small and medium businesses today.
The $20,000 Instant Asset Write-Off
The 2026–27 Federal Budget announced that the $20,000 instant asset write-off will be made permanent from 1 July 2026 (subject to legislation). 2 But here’s the thing — the current temporary measure already applies this financial year. That means eligible businesses can write off the full cost of assets priced under $20,000 right now.
Critically, the write-off applies on a per-asset basis. Buy multiple qualifying items and each one qualifies individually — there’s no cap on the number of assets you can write off in a single year. To be eligible, your business must have an aggregated annual turnover under $10 million. 1
Why Renewable Energy Is a Smart EOFY Purchase
Unlike office supplies or everyday small equipment, renewable energy assets deliver what you might call a double dividend: a tax deduction now — this financial year — plus ongoing energy cost savings every year after that.
Here’s why each product makes sense:
- Solar panels — cut your electricity bill from day one, with returns that compound over the life of the system.
- Battery storage — gives your business genuine energy independence, protecting you from grid price spikes and outages.
- EV chargers — add real value to your premises and can generate income by offering customer charging, a growing revenue stream.
- Inverters — the essential backbone of any solar system, priced comfortably within the write-off threshold.
Real-World Examples
To make this concrete, here’s how three different business types could use the write-off this EOFY:
What to Do Before 30 June
Acting before 30 June is straightforward. Here are the five steps to get your renewable energy
purchase over the line this financial year:
1 Talk to your accountant about eligibility for the instant asset write-off.
2 Get a free, fast quote from PowerBay — we’ll match the right product to your budget.
3 Order before 30 June and ensure the asset is installed and ready for use.
4 Keep your invoice and all ATO records safely filed.
5 Lodge and claim — your accountant handles the rest.
Beyond the Write-Off — Long-Term Energy Savings
Renewable energy isn’t just a tax play — it’s a genuine long-term investment in your business. Businesses that have installed solar combined with battery storage are reporting 40–60% reductions in their energy costs. Government rebates and feed-in tariffs add further financial value on top of that. An asset that qualifies for an instant write-off today will continue paying you back in lower power bills for a decade or more. In an environment where energy prices remain volatile, locking in your own generation capacity is one of the most resilient moves a business owner can make. The tax incentive simply makes the decision even easier.
How PowerBay Can Help
PowerBay supplies solar panels, inverters, battery storage, and EV chargers to businesses across Australia. We operate on wholesale and trade pricing, which means our products are priced to keep your total cost comfortably within the $20,000 write-off threshold per asset.
Our team can turn around a free, no-obligation EOFY quote fast — so if you’re reading this with a few weeks to go before 30 June, there’s still time to act. Visit powerbay.com.au or contact your PowerBay representative to get started.
