{"id":28,"date":"2014-12-01T09:06:49","date_gmt":"2014-12-01T07:06:49","guid":{"rendered":"http:\/\/solar.straton.org.za\/?p=28"},"modified":"2014-12-01T09:06:49","modified_gmt":"2014-12-01T07:06:49","slug":"business-tax-energy-savings-incentives","status":"publish","type":"post","link":"https:\/\/straton.co.za\/solar\/business-tax-energy-savings-incentives\/","title":{"rendered":"Business Tax Energy Savings Incentives"},"content":{"rendered":"

The promulgation of the regulations on the allowance for energy efficiency savings in terms of section 12L of the Income Tax Act as amended came into operation on November 1 2013.<\/p>\n

Tax incentives are being introduced for businesses that can show measurable energy savings.<\/p>\n

The 12L regulation sets out the process for determining the quantum of energy efficiency savings, and the requirements for claiming the proposed tax deduction.<\/p>\n

Section 12L incentives include all energy efficiency projects that reduce energy use and is claimable until 2020. It is important to note that the tax incentive is available for savings in all energy forms and not only electricity.<\/p>\n

The expected tax relief would be a 45 cents deduction on taxable income per kilowatt hour of energy saved \u2013 subject to all the conditions in the 12L regulations being met.<\/p>\n

The regulation for 12L sets out the process for determining the quantum of energy efficiency savings, and requirements for claiming the proposed tax deduction.<\/p>\n

There is a list of Frequently Asked Questions that have been compiled.\u00a0Click \u00a0here<\/a>\u00a0<\/a>\u00a0to view the FAQs.<\/p>\n

\"Government<\/a>
Government Gazette Energy Savings Tax Incentive<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"

The promulgation of the regulations on the allowance for energy efficiency savings in terms of section 12L of the Income Tax Act as amended came into operation on November 1 2013. Tax incentives are being introduced for businesses that can show measurable energy savings. The 12L regulation sets out the process for determining the quantum […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[2],"tags":[109,112],"class_list":{"0":"post-28","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-solar","7":"tag-subsidy","8":"tag-tax-incentive","9":"entry"},"jetpack_publicize_connections":[],"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"Alan","author_link":"https:\/\/straton.co.za\/solar\/author\/alan\/"},"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p5HvVd-s","jetpack-related-posts":[{"id":1532,"url":"https:\/\/straton.co.za\/solar\/sas-official-save-energy-campaign\/","url_meta":{"origin":28,"position":0},"title":"SA’s official Save Energy Campaign","author":"Alan","date":"18 May 2016","format":false,"excerpt":"Energy Minister Tina Joemat-Pettersson has announced the official rollout of the national Save Energy campaign, which highlights the importance of energy efficient buildings. \u201cThe campaign aims to create awareness about the significant role that energy efficient buildings can play in reducing the demand of energy, saving a scarce resource, creating\u2026","rel":"","context":"In "Solar"","block_context":{"text":"Solar","link":"https:\/\/straton.co.za\/solar\/category\/solar\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":446,"url":"https:\/\/straton.co.za\/solar\/nmb-grid-tie-and-budget2015-incentives-make-a-compelling-case-for-green-energy\/","url_meta":{"origin":28,"position":1},"title":"NMB Grid Tie and #Budget2015 incentives make a compelling case for green energy","author":"Alan","date":"27 February 2015","format":false,"excerpt":"On top of tumbling prices for renewable energy components and amidst a relatively slow uptake by business and individuals government has announced a number of enhancements to incentives enabling business to make greater use of renewable energy: An increased energy saving tax incentive. Planned enhancements to an already generous accelerated\u2026","rel":"","context":"In "Solar"","block_context":{"text":"Solar","link":"https:\/\/straton.co.za\/solar\/category\/solar\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6266,"url":"https:\/\/straton.co.za\/solar\/more-about-the-solar-incentives-from-the-2023-budget\/","url_meta":{"origin":28,"position":2},"title":"More About the Solar Incentives from the 2023 Budget","author":"Alan","date":"23 February 2023","format":false,"excerpt":"Government has introduced a R9 billion tax relief programme to support South Africa\u2019s clean energy transition, increase electricity supply and limit the impact of consistently high fuel prices. 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The barriers to entry to the Solar Energy market are well known: High upfront cost Uncertainty around maintenance Concern around maximising production Scepticism about real savings\u2026","rel":"","context":"In "Solar"","block_context":{"text":"Solar","link":"https:\/\/straton.co.za\/solar\/category\/solar\/"},"img":{"alt_text":"Energy Capital","src":"https:\/\/i0.wp.com\/straton.co.za\/solar\/wp-content\/uploads\/2016\/09\/Energy_Capital.png?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":6260,"url":"https:\/\/straton.co.za\/solar\/rooftop-solar-incentives-sa-budget-speech-2023\/","url_meta":{"origin":28,"position":4},"title":"Rooftop Solar Incentives – SA Budget Speech 2023","author":"Alan","date":"22 February 2023","format":false,"excerpt":"On Wednesday, February 22, 2023, Finance Minister Enoch Godongwana presented the 2023 Budget Speech in Cape Town City Hall. (Click here to read about Eskom's Relief) He had this to report about\u00a0Energy and Government's proposed Fiscal Support Package for\u00a0Rooftop Solar Installations: The energy and electricity sector, here at home and\u2026","rel":"","context":"In "Solar"","block_context":{"text":"Solar","link":"https:\/\/straton.co.za\/solar\/category\/solar\/"},"img":{"alt_text":"Straton Solar Enoch Godongwana Budget Speech 2023","src":"https:\/\/i0.wp.com\/straton.co.za\/solar\/wp-content\/uploads\/2023\/02\/Straton_Solar_Enoch_Godongwana_Budget_Speech_2023.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/straton.co.za\/solar\/wp-content\/uploads\/2023\/02\/Straton_Solar_Enoch_Godongwana_Budget_Speech_2023.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/straton.co.za\/solar\/wp-content\/uploads\/2023\/02\/Straton_Solar_Enoch_Godongwana_Budget_Speech_2023.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":6271,"url":"https:\/\/straton.co.za\/solar\/where-the-solar-incentive-for-private-residences-falls-down\/","url_meta":{"origin":28,"position":5},"title":"Where the Solar Incentive for Private Residences Falls Down","author":"Alan","date":"23 February 2023","format":false,"excerpt":"A small tweak to the incentive will result in a 'payback' to Government Let's replace taxpayer cash to Eskom with Taxpayer Electricity to the Grid The recently introduced Solar Incentives in the 2023 Budget Speech presented by Finance Minister Enoch Godongwana on Wednesday 22 February have been widely welcomed by\u2026","rel":"","context":"In "Solar"","block_context":{"text":"Solar","link":"https:\/\/straton.co.za\/solar\/category\/solar\/"},"img":{"alt_text":"Straton Solar Enoch Godongwana Budget Speech 2023","src":"https:\/\/i0.wp.com\/straton.co.za\/solar\/wp-content\/uploads\/2023\/02\/Straton_Solar_Enoch_Godongwana_Budget_Speech_2023.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/straton.co.za\/solar\/wp-content\/uploads\/2023\/02\/Straton_Solar_Enoch_Godongwana_Budget_Speech_2023.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/straton.co.za\/solar\/wp-content\/uploads\/2023\/02\/Straton_Solar_Enoch_Godongwana_Budget_Speech_2023.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/straton.co.za\/solar\/wp-json\/wp\/v2\/posts\/28","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/straton.co.za\/solar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/straton.co.za\/solar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/straton.co.za\/solar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/straton.co.za\/solar\/wp-json\/wp\/v2\/comments?post=28"}],"version-history":[{"count":0,"href":"https:\/\/straton.co.za\/solar\/wp-json\/wp\/v2\/posts\/28\/revisions"}],"wp:attachment":[{"href":"https:\/\/straton.co.za\/solar\/wp-json\/wp\/v2\/media?parent=28"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/straton.co.za\/solar\/wp-json\/wp\/v2\/categories?post=28"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/straton.co.za\/solar\/wp-json\/wp\/v2\/tags?post=28"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}