Finance minister announces new rules for special loans to build rooftop solar

National Treasury will in the coming weeks introduce Bounce Back measures to assist with the rollout of rooftop solar for households to encourage electricity generation and expand the renewable energy tax incentive for businesses.

“As a complementary measure, National Treasury has also made changes to the Bounce Back Loan Guarantee Scheme to incentivise rooftop solar investments, with the aim to reduce energy-related constraints experienced by small and medium enterprises,” the minister said. Overall, he said, over half of the reforms are either completed or on track to be completed within the next 12 months.

“We have responded to the electricity crisis by taking over R254 billion of Eskom’s debt, to ease pressure on the company’s balance sheet, and enable it to invest in transmission and distribution infrastructure, while conducting the maintenance essential to improving the availability of electricity.”

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