Tax breaks for rooftop solar in South Africa come with a big catch

Spizz said:
This makes no sense. Surely storing the sun to help with the evening peak would be a huge help to everyone, not just the ones with the solar.
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yeah the inverter and battery thing was a bit of a WTF moment for me,

The inverter I don't understand at all and the only thing I can think of with regards to the batteries is that they may be worried that people install them without the solar panels which just means they sort out the power for the homes during loadshedding but without the solar panels will be drawing more power (for house and recharging batteries) when power is restored.

Still think its a kak rebate though
 
Spizz said:
I’m not getting your point. If you use more than what the panels provide you use the grid. But even then I had 4 rain and cloudy days last week and still managed to use less from the grid than I would have without solar and batteries. There is still some generation and hence less demand on the grid.

And in days like today, normal summer days, my batteries were charged by lunchtime and will take me though most of the night. Reducing the impact on the grid. These is no losing scenario.
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That is just you. Every flat dweller with a power station is making LS worse. And it is not feasible to distinguish between you and the flat dweller.
 
Benedict A55h0le said:
It is obvious why only panels....

Batteries make blackouts worse. Inverters are needed for batteries only too, but only panels are good to help with blackouts.
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It doesn't have to. With smart meters you could feed back from your batteries during peak hours and charge them again late at night when there is capacity available. This already happens in other countries. Each small battery system adds up to do the same job that Eskom is building a massive battery installation for. Same as hydropower as well, use electricity when it is available and then generate when it is needed.
 
porchrat said:
Article says it's a tax rebate, not a reduction in taxable income.

For businesses it's a reduction in taxable income.
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"“This can be used to reduce their tax liability in the 2023/24 tax year. This incentive will be available for one year,” the minister said.

To qualify, the solar panels must be purchased and installed at a private residence, and a certificate of compliance for the installation must be issued from 1 March 2023 to 29 February 2024"
 
Benedict A55h0le said:
That is just you. Every flat dweller with a power station is making LS worse. And it is not feasible to distinguish between you and the flat dweller.
Click to expand...

I don’t know if they are making it worse. You use the power you save during loadshedding to charge your battery when the grid is back. Use 5kWh from the battery, use 5kWh from the grid to charge it back.

But surely it is possible to establish what I or anyone else has installed. Battery and inverter, no rebate. Add solar panels, rebate.
 
A3@MBB said:
Its not R15k back, your taxable income gets reduced by R15k.
R15k on a bar annual package will get you R6k back in pocket
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Its a rebate not reduction in your taxable income,

You only get the rebate when you file your IRP6 or IRP12 return. Basically your taxable income gets worked out and will tell you the tax you owe THEN rebate gets deducted from that
 
porchrat said:
Article says it's a tax rebate, not a reduction in taxable income.

For businesses it's a reduction in taxable income.
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The article isn't very clear:
From 1 March 2023:

  • Businesses will be able to reduce their taxable income by 125% of the cost of an investment in renewables.
  • Individuals who install rooftop solar panels will be able to claim a rebate of 25% of the cost of the panels, up to a maximum of R15,000.
In terms of the rooftop solar rebate, he said that it could be used to reduce their tax liability in the 2023/24 tax year and is available for one year.
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From the other budget article:
businesstech.co.za

South Africa’s 2023 budget in a nutshell

Finance minister Enoch Godongwana presents the 2023 national budget.
businesstech.co.za businesstech.co.za
 
Spizz said:
This makes no sense. Surely storing the sun to help with the evening peak would be a huge help to everyone, not just the ones with the solar.
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This just doubles down the fact that the ANC gives f***all about the populace or introducing meaningful solutions to HELP South Africans as a whole

They are in it to get rich - "I didn't struggle to be poor"

Let me repeat:
ANC Cadre 1st
ANC Party 2nd
South Africa LAST
 
furpile said:
It doesn't have to. With smart meters you could feed back from your batteries during peak hours and charge them again late at night when there is capacity available. This already happens in other countries. Each small battery system adds up to do the same job that Eskom is building a massive battery installation for. Same as hydropower as well, use electricity when it is available and then generate when it is needed.
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Other countries don`t have 12 hour per day blackouts. There never is enough capacity available. Batteries do not generate new electricity, and it`s only up to R15k, so it makes sense to rebate that small amount to the thing that generates new electricity. Batteries are needed for surplus, but SA will never have surplus.
 
Spizz said:
I don’t know if they are making it worse. You use the power you save during loadshedding to charge your battery when the grid is back. Use 5kWh from the battery, use 5kWh from the grid to charge it back.

But surely it is possible to establish what I or anyone else has installed. Battery and inverter, no rebate. Add solar panels, rebate.
Click to expand...
Yes, the easy way to admin this is to rebate the panels only.
 
Benedict A55h0le said:
Other countries don`t have 12 hour per day blackouts. There never is enough capacity available. Batteries do not generate new electricity, and it`s only up to R15k, so it makes sense to rebate that small amount to thing that generates new electricity. Batteries are needed for surplus, but SA will never have surplus.
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You’re not really getting this. Generating new and eventually excess electricity in the day with a whole lot of new solar panels just means losing additional capacity that could otherwise be used at peak times.
 
So the TLDR:

For private households, individuals who install rooftop solar panels from 1 March 2023 will be able to claim a rebate of 25% of the cost of the panels, up to a maximum of R15,000.

An individual who purchases 10 solar panels at a cost of R40,000 could reduce their personal income tax liability for the 2023/24 tax year by R10,000.
 
Spizz said:
You’re not really getting this. Generating new and eventually excess electricity in the day with a whole lot of new solar panels just means losing additional capacity that could otherwise be used at peak times.
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Eskom: "You should be feeding that into the grid instead of into your battery like a good socialist."
 
Benedict A55h0le said:
That is just you. Every flat dweller with a power station is making LS worse. And it is not feasible to distinguish between you and the flat dweller.
Click to expand...

Of course they can be distinguished between them … you send invoice and CoC etc … which would state that’s solar panels have being installed
 
Benedict A55h0le said:
Eskom: "You should be feeding that back in instead of into your battery like a good socialist."
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Good grief, you are truly obsessed with this socialist rubbish hey?

But to simplify things for you, I’m not feeding anything back. I’m using the solar to run my house in the day and the batteries at night. That mean I score, which is good, and as a side affect, the grid scores as well. But trust me fella, my scoring is the important part here.
 
Spizz said:
You’re not really getting this. Generating new and eventually excess electricity in the day with a whole lot of new solar panels just means losing additional capacity that could otherwise be used at peak times.
Click to expand...

Correct

It the rebate was for the entire system I would have gotten extra battery with my. Installation next month
 
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