Posted on Jun 22, 2020
(1) Instant Asset Write-off Extension + (2) Accelerated Depreciation – What Do They Mean to Your Business? As the economy is restarting again and looking more positive, the Australian Government recently (9th June 2020) announced the extension of 6 months (until the End of 2020) for the Instant Asset Write-off to further support Australian economic recovery. Under this Rule, a 100% Tax Deduction is allowed for capital expenditure on assets up to $150,000. On top of that, the Accelerated Depreciation Deduction can be applied to assets with a cost (or adjustable value if applicable) of $150,000...
Posted on May 12, 2020
You Can Save Energy to Save Lives – COVID19 If you can find out how to save 40% of your energy cost and save 116 lives, then would you consider it? Our hearts go out to people who are doing it tough in Australia, but extremely grateful that many of us can receive more than $3000/ month from Government support? In Indonesia where I grew up, the government can only afford $60/ month for every struggling family – it’s heart breaking! Can you imagine surviving on $60/ month during COVID19? At FREE ENGINEER we’re privileged to partner with World Vision to save hungry children and families in less f...
Posted on Apr 03, 2020
Who Said Manufacturing in Australia is Dying? One of our recent clients is a highly-specialised family manufacturing business. While we empathise with some Australian manufacturing businesses who are struggling, we're proud that this business has been faithfully servicing major high-profile clients. All of us can be proud that some Australian businesses have world-class standing, especially during the tough COVID-19 times. Here's a profile of their solar project: Client: A highly-specialised manufacturing/ engineering business in Victoria Site: North Victoria Goal: maximum cost reduct...
Posted on Mar 30, 2020
Little Known Available Funds for Your Business through the Local Councils We’re passing on this little known magnificent news to boost your cashflow for up to 6 months during this economic slowdown and beyond: Free Engineer, in synergy with SAF (Sustainable Australia Fund), can facilitate Solar Fund and EUA products to help get money into your businesses today, and with a 6 month no repayment period. EUA (Environmental Upgrade Agreement) is a flexible $0 outlay, positive-cashflow method of utilising solar that can benefit owner-occupiers, tenants and landlords. This EUA is facilitated by man...
Posted on Mar 26, 2020
Shares and property had been great Investments for Australians. How does solar stack up against these? Any savvy business owners or business leaders would always be thinking where the best place to invest their money is. To get the best answer, it’s imperative to identify the best method to quantify different investments. Many people try to quantify the financial benefits of a solar PV system by using the term ‘payback period’ or shortened to ‘payback’. Part of the reason is because many solar companies have been loosely using this term very frequently. Payback in this context is just how long...
Posted on Mar 26, 2020
Can you Smell Luus Cooking? - Solar and Kitchen One of our recent clients is an innovative family manufacturing business in the commercial kitchen market. Here's a testimonial on the project: Client: Luus Industries Site: manufacturing, Sunshine VIC Goal: maximum cost reduction while being cashflow-positive immediately Solution: 80kW solar PV system Our contact: Dean Levey, General Manager Testimonial by the General Manager: Navigating the sea of solar companies and then the minefield of options available can be daunting. Working with some industry-leading suppliers and installers, Fre...
Posted on Mar 13, 2020
Instant Asset Write-off Increased to $150K, Corresponding to up to $45K in Tax Credits for Australian Businesses Amongst the coronavirus issues which can be tough for us personally or business-wise, we would like to pass on some encouraging news. Recently (Thursday,12th March 2020) the Australian Government announced an economic response totalling $17.6 billion across the forward estimates. This package is expected to protect the economy by maintaining confidence, supporting investment and keeping people in jobs. Additional business support will flow through to strengthen the wider economy. T...
Posted on Mar 12, 2020
How Much has Solar PV Cost Fallen Recently? Perhaps you have thought about the idea of saving power cost or being more sustainable. Yet, you are not early adopters because the dollar figures have to stack up for your business first before you can progress to the next base. You then decided to wait until solar panel’s cost come down low enough to achieve better payback. We get it – Investing on renewable energy cannot be at the expense of profitability or business viability. While our other articles illustrate other aspects of solar, this article focuses on the bottom line that you are interest...
Posted on Oct 19, 2019
Government’s fully-funded energy advice program, anyone? The government has launched a $11.7 million small business energy program (BEAP) in September 2019 in a bid to battle rising energy costs. Speaking at the launch of the program, the Australian Small Business and Family Enterprise Ombudsman, Kate Carnell applauded this initiative. “These small businesses make up more than 97 per cent of businesses in Australia and when it comes to energy consumption, they really feel the pain,” Carnell said. “They are less confident in finding the right information because what is out there is so complex...
Posted on Aug 14, 2019
How to Make the Most Out of the Government Solar Incentives? Did you know that commercial solar incentives will decrease by the end of 2019? The deeming period for solar PV systems (less than 100 kW) decreases by one year, every year until 2030. This means the commonly known ‘STC rebates’ will reduce by end of 2019. See here for a reference by the Clean Energy Regulator: http://www.cleanenergyregulator.gov.au/RET/Scheme-participants-and-industry/Agents-and-installers/deeming-period-decline Importantly also, the total benefits of commonly known ‘LGC rebates’ that apply to systems larger than 1...
