Enoch Godongwana announces rooftop solar tax breaks

[Jan]

Massive rooftop solar tax rebates for South Africa — Up to R15,000 back for households

Tax-paying South African individuals and businesses will be able to claim substantial rebates for rooftop solar and other renewable energy generation in the coming financial year.

The announcement formed part of finance minister Enoch Godongwana's 2023 Budget Speech in Parliament on Wednesday, 22 February.

 

[The_MAC]

“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 [rebate] of R15,000,” said Godongwana.

And pre 1 March?

 

[Budza]

"Massive"

R15k on a ~R250k system?

 

[Enzo Matrix]

"Massive"

R15k on a ~R250k system?

This is a good thing, stop complaining

 

[kolaval]

"Massive"

R15k on a ~R250k system?

Jou arme vrou.

 

[Benedict A55h0le not]

"Massive"!!!

 

[TheChamp]

And pre 1 March?

It's idiotic, unless those who installed before the date won't be feeding in.

 

[Spizz]

This is a good thing, stop complaining

Lol. Good thing? It’s a nice little bonus for those who can afford it in the first place.

 

[The_MAC]

Lol. Good thing? It’s a nice little bonus for those who can afford it in the first place.

You are right, a rebate would have made more sense.

People still have to fork out the upfront capital

 

[The_MAC]

It's idiotic, unless those who installed before the date won't be feeding in.

They clearly want to lure people into sorting out the ANC's mess by dangling a piece of carrot

 

[Nerfherder]

"Massive"

R15k on a ~R250k system?

Would you prefer a fee ?

considering most are using debt to pay for these systems every cent you can claim back is welcome.

 

[Benedict A55h0le not]

They clearly want to lure people into sorting out the ANC's mess by dangling a piece of carrot

View attachment 1480747

It`s a trap!

 

[droidx]

This only applies to the cost of the panels and not the full system.
So I wouldn't be able to claim for the full R15k even though I am spending R200k.
I guess it is linked to generation, but they could at least have included the inverter.

 

[Harmonic]

This only applies to solar panels. Not batteries, not inverters, not installation costs.

It's a joke of an incentive

 

[Spizz]

Would you prefer a fee ?

considering most are using debt to pay for these systems every cent you can claim back is welcome.

Of course. But it’s not really helping anyone who would otherwise not be able to afford such a system.

 

[droidx]

This only applies to solar panels. Not batteries, not inverters, not installation costs.

It's a joke of an incentive

Also the mounting kit for the panels. This would at least make it easier to reach the R60k cap.
The fact that they are taking one component in isolation is not ideal.

 

[2025]

Should have been done a long time ago

Other components of a system — batteries, inverters, fittings or diesel generators — do not qualify. Portable panels will also not qualify

They need to rebate the inverters too. I'm also in favour of already installed home solar to qualify too. But this is a good start. Wonder how long until someone finds a way to abuse it though.

 

[Athos]

So pre 1 March 2023 must just suck it up? I want my 15k!

 

[GMAN03]

And pre 1 March?

The intention is to incentivise the roll-out, you can't really incentivise something that has already happened.

 

[G.A.S]

And pre 1 March?

You got a better exchange rate