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

Harmonic said:
I don't see how checking the invoice for the inverter will add more admin burden?

Also, solar panels don't generate electricity in a usable form. You HAVE to have an inverter for them to function
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So you are buying the solar panels because that is all you can do with them.

So rebate those for up to 15 000 and not the whole system for 15000
 
Pegasus said:
So you are buying the solar panels because that is all you can do with them.

So rebate those for up to 15 000 and not the whole system for 15000
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The main bad part of it is you have to spend R60k on panels to get a R15k rebate. It's much easier to reach the R60k spend if you include the inverter
 
Pegasus said:
So you are buying the solar panels because that is all you can do with them.

So rebate those for up to 15 000 and not the whole system for 15000
Click to expand...
The entire point of this tax is to incentivise your own power generation, without the inverter the panels are useless. So the rebate just on the panels is utterly retarded. Screw the admin, these assholes get enough of our tax.
 
Pegasus said:
How is having an inverter and batteries going to solve the problem of not enough electricity being generated?
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It doesn't. So make the rebate include those, but only under the condition that solar panels have been purchased. (the documents for which you already have to admin through anyway)
 
semaphore said:
The entire point of this tax is to incentivise your own power generation, without the inverter the panels are useless. So the rebate just on the panels is utterly retarded. Screw the admin, these assholes get enough of our tax.
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So you buy the inverter, batteries and a solar panel for your flat.
Sell the solar panel to someone.
Get the 15 000 back from tax.

And you are not helping to generate electricity.
 
Ok nope, it only applies for one year, so even more of an underwhelming attempt.
How exactly does the ANC always get it right to completely fsck up something that should be EASY to engender some goodwill from the citizens.


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. This means that the benefit will only run for one year.
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www.dailymaverick.co.za

BUDGET 2023: Government plans to offer tax rebates for solar panel installations at homes

How it will work is that individuals and households will be able to receive a tax rebate to the value of 25% of the cost of any new or unused solar panels that they have bought. This incentive does not include inverter or battery purchases.
www.dailymaverick.co.za www.dailymaverick.co.za
 
porchrat said:
It doesn't. So make the rebate include those, but only under the condition that solar panels have been purchased. (the documents for which you already have to admin through anyway)
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And then you sell the panels. Collect R15 000.
 
Pegasus said:
So you buy the inverter, batteries and a solar panel for your flat.
Sell the solar panel to someone.
Get the 15 000 back from tax.

And you are not helping to generate electricity.
Click to expand...
What you're not acknowledging is the rebate is only 25% of the panels, capped at R15k. To see R15k you have to spend R60k on panels alone
 
Pegasus said:
How is having an inverter and batteries going to solve the problem of not enough electricity being generated?
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If they implemented TOU tariffs, an inverter and batteries COULD help alleviate certain periods where the grid is overworked... its called Load-shifting.
 
Harmonic said:
What you're not acknowledging is the rebate is only 25% of the panels, capped at R15k. To see R15k you have to spend R60k on panels alone
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I know what the rebate is.

Think about what problem they are trying to solve.
 
porchrat said:
It doesn't. So make the rebate include those, but only under the condition that solar panels have been purchased. (the documents for which you already have to admin through anyway)
Click to expand...

Do we know if it includes installation of the panels as well as miscellaneous items such as brackets and cabling for the panels? I think we will see installers possibly inflating the price of the solar portion and undercutting pricing on the batteries and invertors when do a full package installation to help off set costs for households.
 
Option 1:
Panels (7500k rebate)
Inverter (7500k rebate)

vs

Option2:
Panels (15000k rebate)

=============

Total rebate stays 15000k.

Probably less admin/costs for option 2. To me option 2 looks slightly better in simplicity/admin. Understand now?
 
Benedict A55h0le said:
Option 1:
Panels (7500k rebate)
Inverter (7500k rebate)

vs

Option2:
Panels (15000k rebate)

=============

Total rebate stays 15000k.

Probably less admin/costs for option 2. To me option 2 looks slightly better in simplicity/admin. Understand now?
Click to expand...
Very few people are going to install R60k worth of panels

Edit: R60k in panels is about 9kWp
 
Benedict A55h0le said:
Option 1:
Panels (7500k rebate)
Inverter (7500k rebate)

vs

Option2:
Panels (15000k rebate)

=============

Total rebate stays 15000k.

Probably less admin/costs for option 2. To me option 2 looks slightly better in simplicity/admin. Understand now?
Click to expand...

No, because its not less admin in the slightest.

The admin is probably larger with Option 2, than with Option 1.
 
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