EOFY Electrical Upgrades Businesses Forget — Until It Costs Them
Last-minute tax planning? You’re not alone.
Every June, Gold Coast business owners go into overdrive trying to get the books in order. But here’s something you might’ve missed:
💡 Upgrading your electrical systems before June 30 might actually put money back in your pocket.
It’s not just about safety (though that matters too). It’s also about saving tax, reducing energy costs, and getting ahead for the new financial year.
Let’s break it down.
What the ATO Will Let You Claim This Year
Thanks to Australia’s small business energy incentive, eligible businesses can deduct an extra 20% for energy-efficient equipment upgrades.
That includes:
LED lighting installations
Split system air conditioners
Energy monitoring devices
Possibly switchboard upgrades if tied to energy use improvements
(Note: Always check with your accountant before purchasing. We're tradies, not tax agents — just pointing you in the right direction.)
What You Can Actually Do Before June 30
If you’re a café, gym, small office or shop — here’s a few smart upgrades that make sense now:
Replace flickering fluorescents with LEDs (uses up to 80% less power)
Install or service a reverse-cycle air con — and claim the tax benefit
Upgrade switchboards to allow for future expansion or EV chargers
Even better? These aren’t just tax write-offs — they’ll lower your energy bill every month after.
A Note on Compliance
If you’re in a commercial tenancy, your lease might require electrical compliance inspections, RCD testing or test & tag for equipment. EOFY is a great time to get that squared away — or risk getting hit with safety non-compliance during audits or insurance claims.
Here’s a helpful Lee Miller Group checklist from based off WorkSafe if you’re not sure what’s needed.
No Time for Big Works? Start the Quote Process Anyway
Even if you don’t get everything installed by June 30, getting quotes in now shows intent and may still be useful for your accountant. Plus, you’ll beat the July rush.
EOFY doesn’t have to be a mad panic. A few smart moves now can set you up for a safer, more energy-efficient (and deductible) new year.
Get ahead of the chaos. Get your electrical sorted. Simple as that.
