Incentive

Escape extortionate electricity cost increases from Eskom and municipalities with your own solar system.

External grid electricity costs are heading for R 4 / kwh solar comes in at under R1.00 / kWh fixed for years.

Many solar users amortising their solar system costs in under 5 years, and then enjoying completely free electricity.

Residential electricity bill of R 3000 is around 810 kWh per month / 27 kWh per day, based on tariff of R 3,70 / kWh

Invest in a 5 kW Deye hybrid inverter, with 10 kWh of battery back-up and 5 kW of solar panel array at a cost of R160 000.
Solar PV system generates on average 25kW per day (750kW per month).
Batteries provide 9kWh of usable back-up power to essential and night-time loads.
Solar system takes you 80% off the grid – that’s R 3 000 / pm that you won’t be paying on your municipal electricity account. That’s R 36 000 per year, in year 1, without factoring in tariff increases.
Your solar system fully pays for itself in 4 to 5 years. After this, every kWh your system generates is free electricity and an incredible investment in your grid independence and financial security.
On a solar finance option, or rent-to-own option, over 72 months, your monthly repayments will be around R 3 400 per month (subject to your credit rating and rates applied). By year 2, you’ll be paying less on your finance repayments than you would be on grid-electricity costs and putting money back in your pocket.
There is no annual escalation in either the solar finance or rent-to-own solution and you fully own your system at the end of the finance period, with no hefty buy-out clauses or penalties for early settlement.
With no solar intervention, you would have spent R 320 000 on grid-electricity costs over five years, double the cost of your R 160 000 solar system, with absolutely zero return on investment or ongoing financial benefit to you.

Your business can take advantage of the Section 12B tax incentive. Section 12B of the Income Tax Act No. 58 of 1962 allows for a tax deduction in respect of certain qualifying assets (owned and brought into use after 1 January 2016) to reduce the taxable income of the taxpayer. These qualifying assets must be used for purposes of trade in the generation of electricity from renewable sources. For the period 1 March 2023 to 28 February 2025, the Section 12B allowance has been increased from 100% to 125% and no maximum cap on the output of the solar installation.
If your business is VAT registered, you can claim/offset the input VAT back against your output Vat for the business.