Unveiling the Small Business Energy Incentive


In the ever-evolving landscape of business incentives, there’s a new player in town ready to supercharge your energy efficiency efforts—the Small Business Energy Incentive. As we bid farewell to the Technology Investment Boost, the Energy Incentive steps up with a compelling 20% bonus tax deduction on qualifying expenditures. In this blog, we’ll explore the ins and outs of this exciting opportunity and how it could transform the way your business beats the heat and boosts its bottom line.

The Basics:

The proposed Energy Incentive mirrors the structure of its predecessor boosts, offering a 20% bonus tax deduction on expenses aimed at improving your business’s energy efficiency. With a cap of $100,000 in eligible expenditures, businesses have the potential to unlock a maximum bonus tax deduction of $20,000 for the 2023-2024 tax year.

What Qualifies:

To harness the power of the Energy Incentive, businesses need to focus on activities that showcase enhanced energy efficiency. This includes electrifying heating and cooling systems, upgrading appliances like fridges and cooktops, and installing cutting-edge technologies such as batteries, heat pumps, and off-peak electricity monitors. However, it’s crucial to note some exclusions, such as motor vehicles, building improvements, and financing expenses.

Seizing the Opportunity:

While the Energy Incentive is not yet law, now is the perfect time to consider how your business can position itself to take full advantage once it becomes official. The proposed changes present an opportune moment to assess your energy efficiency needs and plan for the necessary preparations. Stay ahead of the curve and ensure your business is well-prepared to maximise this exciting bonus.

The Clock is Ticking:

Both the Skills and Training Boost and the Energy Incentive are set to conclude on June 30, 2024. With a limited window of opportunity, businesses are encouraged to act swiftly and efficiently to capitalise on these incentives. Whether you’re eyeing skill development for your workforce or aiming to revolutionize your energy consumption patterns, the time to act is now.

How We Can Help:

Navigating the intricate world of tax incentives can be daunting. If you’re eager to learn more about the Skills and Training Boost or the impending Energy Incentive, our experts are here to guide you. We provide the information and assistance needed to ensure your business reaps the maximum benefits from these incentives.


As businesses gear up for the challenges and opportunities that lie ahead, the Small Business Energy Incentive emerges as a beacon of potential savings and sustainability. Seize the chance to upgrade your operations, enhance energy efficiency, and boost your bottom line. The clock is ticking, but with strategic planning and expert guidance, your business can navigate these incentives and emerge stronger than ever.