Goodbye home solar tax rebate

Hanno Labuschagne

Hanno Labuschagne

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Goodbye home solar tax rebate

The solar tax rebate was implemented on 1 March 2023 and has allowed tax-paying citizens to claim a rebate of 25% of the value of new solar panels, up to a maximum rebate of R15,000.

Energy experts slammed the incentive as inefficient, particularly because it excluded inverters and batteries.

[Bloomberg]
 
That means South African households only have until 29 February 2023 to have bought, installed, and started using new and unused solar PV panels to qualify for the incentive.
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Swa said:
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Typo. Article clarifies it

Among them was ICT distributor Esquire Technologies and Solly’s ICT, which said that National Treasury’s stance was unequivocal — only solar panels “brought into use for the first time” between 1 March 2023 and 29 February 2024 would qualify.
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No one cares about this stupid rebate anyway. Yes I installed too soon to benefit from it, but it would have been something stupid only a little over R2000 back anyway. As a % of my system cost, that's nothing to me.
 
I'm failing to understand why people hate on this rebate soo much?

at the end of the day; a rebate is just a rebate. It's not like your need to install a solar system was based off the rebate alone. You were already going to spend money on a solar system to have you own source of reliable power. who cares how much rebate you were going to get? at this point it's just short change in the pocket.

Also how much more admin is it really? has anyone complaining actually tried? please share your experience.
 
TipCy said:
I'm failing to understand why people hate on this rebate soo much?

at the end of the day; a rebate is just a rebate. It's not like your need to install a solar system was based off the rebate alone. You were already going to spend money on a solar system to have you own source of reliable power. who cares how much rebate you were going to get? at this point it's just short change in the pocket.

Also how much more admin is it really? has anyone complaining actually tried? please share your experience.
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100% agreed.
It wasn't THE Factor that made me buy my panels, but it sure helped the decision.
R4k back in my pocket later this year.
I guess we're just 2 x poor plebs who can appreciate 25% back, instead of writing it off.
 
Hanno Labuschagne said:
Goodbye home solar tax rebate


Energy experts slammed the incentive as inefficient, particularly because it excluded inverters and batteries.

[Bloomberg]
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Not to play devil's advocate, but I can see their reasoning for this. Inverters and batteries, although part of EV panel configs, do not help alleviate the grid on their own...and I'd assume a fair number of households don't have EV panels but ONLY inverters and batteries - which would cause extra draw from the grid when their loadshedding slot is over.

You want to subsidize the part of the setup that alleviates the grid, not the part that draws even more from it.
 
Voicy said:
Not to play devil's advocate, but I can see their reasoning for this. Inverters and batteries, although part of EV panel configs, do not help alleviate the grid on their own...and I'd assume a fair number of households don't have EV panels but ONLY inverters and batteries - which would cause extra draw from the grid when their loadshedding slot is over.

You want to subsidize the part of the setup that alleviates the grid, not the part that draws even more from it.
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Agreed, but it was a lazy piece of rebate.
No consideration for PV and Inverter systems only.
No Consideration for full Systems, that actually do alleviate the grid.
Nevertheless, I'd rather have the 25% back than nothing at all.
 
TipCy said:
I'm failing to understand why people hate on this rebate soo much?

at the end of the day; a rebate is just a rebate. It's not like your need to install a solar system was based off the rebate alone. You were already going to spend money on a solar system to have you own source of reliable power. who cares how much rebate you were going to get? at this point it's just short change in the pocket.

Also how much more admin is it really? has anyone complaining actually tried? please share your experience.
Click to expand...
That's the point, it's nothing and doesn't even apply to most. If they were really serious they would incentivise people. But we know they can't actually do that because they're bankrupt after 30 years of mismanagement and not because of global conditions as the minister of finance said. While other countries gave their citizens lump cash sums during Covid they can't even give a measly R350 to the poorest of the poor. It's more about animosity towards a piss poor government.
 
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