As the end of financial year approaches, many business owners start thinking about smart ways to reduce their tax bill. But if you’re running a business in Queensland—especially around Mackay or the Sunshine Coast—there’s one opportunity that stands out more than most: installing solar.
Solar has always made sense from an energy savings point of view. But this EOFY, thanks to extended tax incentives and upcoming federal rebates, it also makes incredible financial sense. Let’s break down exactly why now is a fantastic time to act.
First, let’s talk tax: what’s the deal?
In a move that small businesses have welcomed with open arms, the federal government has extended the $20,000 instant asset write-off through to 30 June 2025. This means if your business has a turnover of less than $10 million, you can immediately deduct the full cost of eligible assets—solar systems included—so long as each one comes in under $20,000.
And the best part? It’s per asset. So if you install a solar inverter, panels, and even some battery components, each individually priced under that threshold, they can all be written off separately. That’s a big opportunity to reduce your taxable income while also slashing your power bills for years to come.
Solar today, battery boost tomorrow
While solar is a win right now, things are about to get even better. Starting from 1 July 2025, the federal government is rolling out a $2.3 billion Cheaper Home Batteries Program, offering upfront discounts of around 30% for battery installations across households, small businesses, and even community organisations.
This is especially exciting if you’ve already got solar or are planning a new install soon. Eligible battery systems will need to be between 5 and 100 kilowatt-hours (kWh) and listed on the Clean Energy Council’s approved list. If you meet those criteria—and Snap Solar can help ensure you do—you could tap into thousands of dollars in support.
It’s worth noting that only one system per premises will be supported, and only if that system hasn’t previously received a rebate under the program. But even add-ons or replacements could be eligible if they meet the size and accreditation requirements.
So how do these benefits actually stack up?
Let’s say you’re a small business based in Mackay. You decide to install a solar PV system paired with a 6 kWh battery system that comes in under $20,000. First, you get to instantly write off the entire system on your tax return under the instant asset rule. That’s a direct hit to your taxable income—in the best way possible.
Then, once the Cheaper Batteries Program kicks in from July 2025, you may be eligible to claim a further 30% off if you’re adding to your battery storage or upgrading. Combine that with the long-term savings from reduced electricity bills, and you’ve just stacked three big wins from a single decision.
Why EOFY timing matters
While it’s tempting to put off big purchases, there’s a clear reason to act now. The $20,000 instant asset write-off applies to items that are first used or installed ready for use within the financial year—so if you want to claim this EOFY, your system needs to be up and running by June 30, 2025.
That might sound like a lot of time, but between rising solar demand, installer capacity constraints, and system supply lead times, it’s better to get ahead of the curve. Especially in Queensland, where sunshine is abundant and energy bills keep climbing, solar is becoming less of a “maybe someday” and more of a “why not now?”
Not just tax savings—long-term business smarts
Beyond the immediate tax perks, installing solar is one of the smartest investments you can make in your business. You’re gaining independence from rising energy prices, lowering your carbon footprint, and showing customers and clients that you’re thinking about sustainability.
With battery systems becoming more affordable—and future-ready tech like Virtual Power Plants (VPPs) on the horizon—you’ll also be set up for whatever comes next in Australia’s energy landscape.
Let’s make your solar switch easy
At Snap Solar, we help Queensland businesses make the switch without the stress. Our local team covers everything from energy assessments and system design to navigating Clean Energy Council accreditation and program eligibility. We’ve got you covered from Mackay to the Sunshine Coast and beyond.
If you’ve been thinking about going solar, now’s the time to move. You’ll save on your tax bill, cut operating costs, and set your business up for long-term resilience.
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