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

Pegasus said:
You still don't think that people using solar instead of eskom doesn't help the strain on the grid?
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Not as much as using a battery at peak times, no. And I don't think this "incentive" is going to help make a dent at all.

Pegasus said:
And one more time. It is not the only incentive or plan out there.
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"One more time"? I haven't seen you mention another incentive? :unsure:
 
DreamKing said:
no matter how, R15k (rebate) is too little to create the motivation to install the solar system.
(PS: especially for rebate only.)
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Agreed. But that is a budget question, not an implementation question. The question here is given the available budget, what would yield the highest relief on the grid.
 
Speedster said:
Agreed. But that is a budget question, not an implementation question. The question here is given the available budget, what would yield the highest relief on the grid.
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The fiscus will probably lose more in tax revenue with people emigrating than what they would have by incentivizing people to stay. Also, again, the tax rebate money will by and large get circulated through the economy again. Nevermind the R1 billion given to SAA etc etc and you can start to see how this really is just an exercise in futility
 
Harmonic said:
The fiscus will probably lose more in tax revenue with people emigrating than what they would have by incentivizing people to stay. Also, again, the tax rebate money will by and large get circulated through the economy again. Nevermind the R1 billion given to SAA etc etc and you can start to see how this really is just an exercise in futility
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Tax rebate money isn't circulated through the economy more than government expenditure, so zero effect there.

You honestly think a R15k solar incentive of any description would tilt the scales for someone considering emigration?
 
DreamKing said:
do you know why we have no electricity?

not because people don't want to invest to generate electricity, it is because the laws don't allow any company to do that.
if scrapped the eskom, we have no power problem.

got it?
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Surprisingly, just yesterday, there was a 125% deduction offered to businesses who invest in solar. Imagine that.
 
Speedster said:
Tax rebate money isn't circulated through the economy more than government expenditure, so zero effect there.

You honestly think a R15k solar incentive of any description would tilt the scales for someone considering emigration?
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No and that's one of the reasons why this little bit of window dressing is retarded to put it kindly. Not enough done in the face a collapsing country.
 
Speedster said:
Surprisingly, just yesterday, there was a 125% deduction offered to businesses who invest in solar. Imagine that.
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Treasury said businesses are able to deduct 50% of the costs in the first year, 30% in the second and 20% in the third for qualifying investments in wind, concentrated solar, hydropower below 30 megawatts (MW), biomass and photovoltaic (PV) projects above 1 MW.
www.sanews.gov.za

Government introduces renewable energy, solar tax incentive

Government has introduced a R9 billion tax relief programme to support South Africa’s clean energy transition, increase electricity supply and limit the impact of consistently high fuel prices.
www.sanews.gov.za www.sanews.gov.za

obviously, you still didn't get it.
 
Harmonic said:
No and that's one of the reasons why this little bit of window dressing is retarded to put it kindly. Not enough done in the face a collapsing country.
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As mentioned earlier - that is an entirely different argument. If you argument is that they should've made more funds available for this, I'm with you on that (the question then is taken from where though...). If the argument is that applying the rebate to panels isn't potentially the most effective way to increase generation, I'm not sure I'd agree with you.
 
Speedster said:
As mentioned earlier - that is an entirely different argument. If you argument is that they should've made more funds available for this, I'm with you on that (the question then is taken from where though...). If the argument is that applying the rebate to panels isn't potentially the most effective way to increase generation, I'm not sure I'd agree with you.
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Glad we agree on one thing. I don't think the way they've set it up will encourage speedy adoption of PV on a larger scale.
 
DreamKing said:
Treasury said businesses are able to deduct 50% of the costs in the first year, 30% in the second and 20% in the third for qualifying investments in wind, concentrated solar, hydropower below 30 megawatts (MW), biomass and photovoltaic (PV) projects above 1 MW.
www.sanews.gov.za

Government introduces renewable energy, solar tax incentive

Government has introduced a R9 billion tax relief programme to support South Africa’s clean energy transition, increase electricity supply and limit the impact of consistently high fuel prices.
www.sanews.gov.za www.sanews.gov.za

obviously, you still didn't get it.
Click to expand...
What am I not getting?

“Under the expanded incentive, businesses will be able to claim a 125% deduction in the first year for all renewable energy projects with no thresholds on generation capacity,” said Treasury.
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I have done a calculation to work out the future solar/feed-in/remote reader levy based on the increase that PE got for 2023:


​
Year
Number		Rands per month levy
1​
356.40​
2​
1,283.04​
3​
4,618.94​
4​
16,628.20​
5​
59,861.51​
 
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