2015 Federal Government Budget - $20,000 instant write off

 Since the announcement on Budget night - May 12, 2015 there has been significant interest within the solar and energy efficiency industries regarding how to apply the $20,000 immediate asset write off.

What you need to know

To qualify:

  • Businesses must have aggregate annual turnover less than $2 million

  • Applies for assets acquired and installed from budget night 12 May 2015 to 30 June 2017 (assuming legislation passes)

The assets:

  • Both new and second hand assets are permissible

  • Applies on a per asset basis, so several assets each costing up to $20,000 would qualify

  • For Solar PV, LED and other assets that are eligible for environmental credit rebates (e.g. STCs, VEECs and ESCs), the value of the goods that can be applied to the $20,000 threshold is the gross price of the system. That is, the full value of the goods and not the ‘discounted’ value.

  • Assets can’t be leased or rented – as such Energy Lease’s Chattels are permissible. Contact us today.


The measure is currently an announcement only. There is no legislation yet. Legislation will need to be introduced and passed through Parliament but will apply retrospectively should it pass.

 About Green Energy Finance: stop selling solar, start selling solutions

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Benefits for you:

  • Easy and free sign-up

  • Best rates and terms in the industry

  • Instant over-the-phone approvals and quick settlements

  • Low-doc option for commercial rentals under $50,000

  • No restrictions on eligible industries or locations

Benefits for your customers:

  • $0 deposit with fast approval

  • Payment terms up to 7 years

  • Easy, low-doc application

  • Repayments may be fully tax deductible

  • No merchant or account-keeping fees

All applications to Energy Lease are subject to normal approval criteria, and terms and conditions apply. The information is not an expression of opinion or recommendation and does not constitute financial, accounting, taxation, general or personal advice and should not be relied upon as such. The recipient should make its own assessment of any product or service referred to in this document and seek appropriate advice.