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Small Business Energy Incentive 2023 – How can it benefit electrical contractors?

By May 10, 2023May 12th, 2023No Comments

What is on offer from Treasury?

Small business operators will be front and centre in next month’s budget with a new tax incentive to help propel their energy transformation.

The Small Business Energy Incentive will help up to 3.8 million small and medium‑sized businesses save energy and save on their energy bills.

It will help small businesses make investments like electrifying their heating and cooling systems, upgrading to more efficient fridges and induction cooktops, and installing batteries and heat pumps.

Tradies, manufacturers, restaurants, hairdressers, real estate agents and other small businesses are the backbone of communities across Australia. This incentive helps ensure these businesses share in the benefits and opportunities of the energy transition that’s now underway.

It will support investments that deliver ongoing power bill savings for businesses, while at the same time helping Australia lower emissions.

Up to $100,000 of total expenditure will be eligible for the incentive, with the maximum bonus tax deduction being $20,000 per business.

Eligible assets or upgrades will need to be first used or installed ready for use between 1 July 2023 and 30 June 2024.


How can LED lighting reduce energy costs?

LED lighting is a highly energy-efficient and eco-friendly lighting solution, that can help reduce your carbon footprint and lower your energy bills. LEDs consume significantly less energy than traditional incandescent bulbs and last up to 25 times longer, making them a smart investment for both your wallet and the planet.

Here are some key benefits of LED lighting:

  1. Energy Efficiency: LED lighting is incredibly energy efficient, using up to 90% less energy than traditional lighting. This means that LED fittings not only save you money on your energy bills, but also reduce your carbon footprint.
  2. Long Lifespan: LED fittings last up to 25 times longer than traditional bulbs, which means you won’t have to replace them as frequently, reducing the amount of waste produced.
  3. Improved Quality of Light: LED lighting produces a high-quality light that is both bright and uniform, making it ideal for use in homes, offices, and public spaces.
  4. Durability: LED fittings are made of durable materials that can withstand shock, vibration, and extreme temperatures, making them an ideal lighting solution for outdoor and industrial applications.
  5. Customisable Lighting: LED lighting can be customised to suit your specific lighting needs, with a variety of colours and colour temperatures available to create the perfect ambiance for any environment.
  6. Cost-Effective: Although LED bulbs and fittings may have a slightly higher upfront cost than traditional bulbs or light fittings, the long-term savings on energy bills and replacement costs make them a more cost-effective lighting solution in the long run.

By switching to LED lighting, you can reduce your carbon footprint, save money on your energy bills, and enjoy the many benefits of this eco-friendly and energy-efficient lighting solution.


How Can M-Elec Assist

M-Elec offers a huge range of LED Lighting and LED Strip products that can achieve significant energy savings and increase your customers chance of receiving up to the $20,000 tax benefit.

M-Elec’s project design team can provide free full lighting designs to ensure you access the absolute maximum energy savings. Contact the M-Elec projects team, to help secure your next lighting project.


M-Elec providing contractors tools to access the Small Business Energy Incentive

Over the last decade, M-Elec has firmly established itself as one of the most respected and innovative lighting manufacturers in Australia.

Innovation has always been at the forefront of this family-run firm, as it continues to push the boundaries and continually challenge the status quo of traditional lighting products and techniques. Providing its ever-growing base of loyal customers – both domestic and commercial – with precisely what they need, this award-winning company has forged its success due to a winning combination of innovative designs, high-quality products and the ability to back it up with unrivalled customer service.

This background and how M-Elec has positioned itself in the market makes it a market leader in offering the tools to help your customers take benefit of the recent Government incentives.


Please Note:

Remember this is a tax incentive not a rebate or direct payment and is controlled by the government application.

This program only relates to small-medium businesses.

This program is applicable for projects completed between 01 July 2023 through to 30 June 2024.


Learn more:


Kind Regards


Wayne Crookes – Product Support