Small business owners were very excited to hear that the budget made provision for a tax rebate if they go solar, but not everybody understands what it means for small business.sounds fantastic, it only applies to solar panels and businesses still have to fork out money for inverters and batteries, the real expensive part of going solar.
Smart metering at several key points in the electrical network will also enable them to gather and analyse real-time electricity consumption to identify where energy is consumed, when and by what to identify low-hanging, energy-guzzling fruit and make more plans to reduce energy consumption.”Is someone starting to make a plan to stop rolling blackouts?
“While National Treasury and Sars already played a role by granting renewable energy incentives, with the most well-known the ITA’s section 12B accelerated capital allowance on renewable energy assets, many South Africans increasingly called for an expansion of the existing incentives and initiatives to fast track the uptake in rooftop solar and wind energy.”
It also aligns with the recent increase in the licensing threshold for embedded generation to 100MW. A large-scale intervention, but not enough relief for SMEs “Not only will this help to alleviate pressure on the national grid, but also ensure business continuity and realise gains in the form of a 125% deduction in tax in the first year for all renewable energy projects.”