News Date: 28 Jun 2012
With the end of financial year upon us, Australian LED lighting designers Brightgreen have unveiled a simple tax strategy that allows small businesses to reduce their taxable income and increase power efficiency by simply changing their lighting.
Any entity that qualifies as a small business may be eligible to utilise the small business tax concessions available. Brightgreen’s DR700 LED downlights can be purchased before 30 June 2012 to reduce your taxable income.
While small businesses lower their tax payments, they are also increasing their energy efficiency by replacing power-hungry halogens with energy-efficient DR700s – cutting lighting running costs by 80%.
Installing before July 1 also avoids spending even more money on running inefficient lighting after power price increases come into effect. By circumventing increased electricity prices, the DR700s will begin to quickly pay for themselves, with a return on investment met in less than a year.
In addition to this, you may be eligible to receive a number of energy efficiency rebates.
Brightgreen’s CEO David O’Driscoll explained how business owners could maximise their next tax return and save hundreds, or even thousands of dollars in the following years by investing in one lighting product.
“By purchasing the DR700 before the end of financial year and decreasing their taxable income, small businesses can cut immediate installation costs by over 30 percent,” said O’Driscoll.
With an RRP of $49, twenty DR700s can be purchased for $980 and installed in existing halogen fittings.
“The DR700 offers incredible ongoing cost savings, as well as tax savings, for small business owners. Using just 10 watts of power, it lasts for 70,000 hours and has a 3 year warranty,” said O’Driscoll.
To help businesses work out the exact electricity and money savings retrofitting with DR700s, Brightgreen have developed an online calculator that gives a projected estimation of running costs and time it takes to receive a return on investment.
“Our retrofit calculator gives businesses an easy-to-understand visual of just how much money they will save over time by installing the DR700, as compared to halogens,” said O’Driscoll.