Small Business Energy Incentive
June 7, 2023
The Australian Government has announced it will provide businesses an additional 20% deduction on spending between 1 July 2023 and 30 June 2024 that supports electrification and more efficient use of energy.
Eligible assets or upgrades will need to be first used or installed ready for use between 1 July 2023 and 30 June 2024. This measure is not yet law.
The measure will help small businesses make investments like:
- electrifying their heating and cooling systems
- upgrading to more efficient fridges and induction cooktops
- installing batteries and heat pumps.
Up to $100,000 of total expenditure will be eligible for the incentive, with the maximum bonus tax deduction being $20,000 per business.
For more information, see the Hon Dr Jim Chalmers MP joint media release Small Business Energy Incentive, 30 April 2023.
This measure is not yet law.
Your balance sheet is a key financial statement to understand. So we’ve highlighted five ways your balance sheet can keep you informed about your financial health.
The Reserve Bank of Australia has increased interest rates from 3.6% up to 3.85%. What does this rise mean for you, your business and your financial opportunities?
What Employers Need to Know Before 1 July 2026
We’ve heard a lot about trade tariffs in the news. But what is a trade tariff and how could these customs taxes impact your small business?
Do you know where to start when updating your systems to modern, digital tools? We share five steps for getting the best from your new digital tools.
63% of Australian businesses say they are losing money to late payments. Here’s what you can do to get your late payment issues under control.
54% of employees prefer a combination of in-office and remote work. Are you making moves to switch to flexible working? We explain why it's is the way forward.
Are you drowning in business admin? Automation is the answer. We’ll help identify automation opportunities and choose the best apps to drive an efficient business.
When did you last review your business strategy? We share four areas you should revisit and update to create the best possible strategic and growth outcomes.
Is your digital marketing strategy still fit for purpose? Here are 4 key elements your business should be using to advertise your brand + engage with new customers.
