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Small Business Energy Incentive
A tax incentive for small and medium businesses to invest in energy-efficient assets and upgrades, providing an additional 20% tax deduction.
Indicative amount
Additional 20% tax deduction up to $20,000
Indicative amount only — confirm on the official page
What you get
An additional 20% tax deduction on the cost of eligible depreciating assets that support electrification and energy efficiency. Maximum additional deduction is $20,000 per eligible business.
Who it's for
Relevant life events: small business
How to apply
1. Ensure your business has an aggregated turnover under $50 million. 2. Purchase eligible assets between 1 July 2023 and 30 June 2024. 3. Claim through your standard tax return lodgement with your tax agent or through MyTax.
Documents you may need
- Business ABN
- Tax records showing turnover
- Receipts for eligible asset purchases
Informational only — confirm exact requirements on the official page.
You will be taken to www.ato.gov.au
Last reviewed by AusSchemes: 20 April 2026