Australian Government Encourages Small Businesses to Go Electric with $314 Million Tax Break

Solar panels are seen on the rooftop at AGL's new Docklands office in Melbourne, Australia, on Aug. 20, 2015. Scott Barbour/Getty Images

The Australian government has introduced a $314 million (US$208 million) package to encourage small and medium-sized enterprises to electrify their businesses.

The government said the Small Business Energy Incentive scheme, which will be featured in the May 9 federal budget, would help Australian businesses “save energy and save on their energy bills.”