{"id":6271,"date":"2023-02-23T11:13:08","date_gmt":"2023-02-23T09:13:08","guid":{"rendered":"https:\/\/straton.co.za\/solar\/?p=6271"},"modified":"2023-02-23T14:26:19","modified_gmt":"2023-02-23T12:26:19","slug":"where-the-solar-incentive-for-private-residences-falls-down","status":"publish","type":"post","link":"https:\/\/straton.co.za\/solar\/where-the-solar-incentive-for-private-residences-falls-down\/","title":{"rendered":"Where the Solar Incentive for Private Residences Falls Down"},"content":{"rendered":"<ul>\n<li>A small tweak to the incentive will result in a &#8216;payback&#8217; to Government<\/li>\n<li>Let&#8217;s replace taxpayer cash to Eskom with Taxpayer Electricity to the Grid<\/li>\n<\/ul>\n<p>The recently introduced <a href=\"https:\/\/straton.co.za\/solar\/more-about-the-solar-incentives-from-the-2023-budget\/\">Solar Incentives in the 2023 Budget Speech<\/a> presented by Finance Minister Enoch Godongwana on Wednesday 22 February have been widely welcomed by business who will get a rebate on TAXABLE INCOME equal to 125% of their entire spend on renewable energy systems.<\/p>\n<p>The Finance Minister also announced a 25% (to a maximum of R15 000 per individual) tax liability rebate for any private residence on solar panels ONLY &#8211; not on the inverter or batteries or Balance of System costs.<\/p>\n<p>&#8220;We feel that the incentive for private households does NOT address or focus on the root cause of all our loadshedding problems, which is low generation capacity,&#8221; says <a href=\"https:\/\/straton.co.za\/solar\/\">Straton Solar<\/a>.<\/p>\n<p>&#8220;As a consequence we feel that the minister could have been more generous as follows: a 50% tax liability rebate to a maximum of R50 000 for Solar Panels connected to a Grid-Tie System,&#8221; says <a href=\"https:\/\/straton.co.za\/solar\/\">Straton<\/a>.<\/p>\n<p>&#8220;In this way the government will ensure that generation capacity is enhanced via many micro systems feeding back into the grid and government will be getting something back from the taxpayer enjoying the tax liability rebate,&#8221; concluded Straton.<\/p>\n<p>Godongwana said the rebate is only available for solar PV panels, and can be used to offset the individual\u2019s personal income tax liability for the 2023\/24 tax year up to a maximum of R15 000 per individual.<\/p>\n<p>For example, an individual who purchases 10 solar panels at a cost of R40 000 can reduce their personal income tax liability for the 2023\/24 tax year by R10 000.<\/p>\n<figure id=\"attachment_128861\" aria-describedby=\"caption-attachment-128861\" style=\"width: 600px\" class=\"wp-caption alignright\"><a href=\"https:\/\/straton.co.za\/solar\/\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-128861 size-full\" src=\"https:\/\/mypr.co.za\/wp-content\/uploads\/2023\/02\/Straton_Solar_Enoch_Godongwana_Budget_Speech_2023.jpg\" alt=\"\" width=\"600\" height=\"200\" \/><\/a><figcaption id=\"caption-attachment-128861\" class=\"wp-caption-text\">Finance Minister Enoch Godongwana. Photo: Straton Solar<\/figcaption><\/figure>\n<p><strong>Other caveats to the solar incentive include:<\/strong><\/p>\n<ul>\n<li>Only new and unused solar PV panels qualify to ensure that the capacity is in addition to what the country already has in place. The panels can be installed as part of a new system, or as an extension of an existing system.<\/li>\n<li>Only solar PV panels with a minimum capacity of 275W per panel (design output) qualify for the rebate.<\/li>\n<li>Other components of a system \u2013 batteries, inverters, fittings or diesel generators \u2013 and installation costs do not qualify. Portable panels will also not qualify.<\/li>\n<li>Solar PV panels must be installed at a residence that is mainly used by an individual for domestic purposes. The installation will have to be proved with a certificate of compliance in terms of the Electrical Installation Regulations, 2009 to ensure safety of the installation and compliance to electric regulations.<\/li>\n<li>The solar PV panels must form part of a system that is connected to the mains distribution of the private residence<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>A small tweak to the incentive will result in a &#8216;payback&#8217; to Government Let&#8217;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 business who will get a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6261,"comment_status":"open","ping_status":"open","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":[],"class_list":{"0":"post-6271","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-solar","8":"entry"},"jetpack_publicize_connections":[],"featured_image_src":"https:\/\/straton.co.za\/solar\/wp-content\/uploads\/2023\/02\/Straton_Solar_Enoch_Godongwana_Budget_Speech_2023.jpg","featured_image_src_square":"https:\/\/straton.co.za\/solar\/wp-content\/uploads\/2023\/02\/Straton_Solar_Enoch_Godongwana_Budget_Speech_2023.jpg","author_info":{"display_name":"Alan","author_link":"https:\/\/straton.co.za\/solar\/author\/alan\/"},"jetpack_featured_media_url":"https:\/\/straton.co.za\/solar\/wp-content\/uploads\/2023\/02\/Straton_Solar_Enoch_Godongwana_Budget_Speech_2023.jpg","jetpack_shortlink":"https:\/\/wp.me\/p5HvVd-1D9","jetpack-related-posts":[{"id":6266,"url":"https:\/\/straton.co.za\/solar\/more-about-the-solar-incentives-from-the-2023-budget\/","url_meta":{"origin":6271,"position":0},"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. The programme was on Wednesday unveiled by Finance Minister Enoch Godongwana while delivering the 2023 Budget Speech at the Cape Town City\u2026","rel":"","context":"In &quot;Solar&quot;","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":6260,"url":"https:\/\/straton.co.za\/solar\/rooftop-solar-incentives-sa-budget-speech-2023\/","url_meta":{"origin":6271,"position":1},"title":"Rooftop Solar Incentives &#8211; 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 &quot;Solar&quot;","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":3452,"url":"https:\/\/straton.co.za\/solar\/installing-the-solar-panels-gibbs-dairy-goes-solar-photo\/","url_meta":{"origin":6271,"position":2},"title":"Installing the solar panels &#8211; Gibbs Dairy goes solar photo","author":"Alan","date":"21 June 2017","format":false,"excerpt":"Installing the solar panels - Gibbs Dairy goes solar - Solar PV Solar installers at work on the roof of the cow barn in February (photo by Susan Waughtal). Gibbs milks 100 Holsteins on his dairy farm in southeast Minnesota near Altura. He has been farming for 10 years, but\u2026","rel":"","context":"In &quot;Images&quot;","block_context":{"text":"Images","link":"https:\/\/straton.co.za\/solar\/category\/solar\/images\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/straton.co.za\/solar\/wp-content\/uploads\/2017\/06\/7136279955_8f462396c5.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"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":6271,"position":3},"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 &quot;Solar&quot;","block_context":{"text":"Solar","link":"https:\/\/straton.co.za\/solar\/category\/solar\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4395,"url":"https:\/\/straton.co.za\/solar\/panel-ready-for-the-cow-barn-gibbs-dairy-goes-solar-image\/","url_meta":{"origin":6271,"position":4},"title":"Panel ready for the cow barn &#8211; Gibbs Dairy goes solar Image","author":"Alan","date":"25 February 2018","format":false,"excerpt":"Panel ready for the cow barn - Gibbs Dairy goes solar - Solar PV Tim Gulden of Winona Renewable Energy and farmer Nathan Gibbs with one of the panels to be installed on the cow barn (photo by Susan Waughtal). Gibbs milks 100 Holsteins on his dairy farm in southeast\u2026","rel":"","context":"In &quot;Images&quot;","block_context":{"text":"Images","link":"https:\/\/straton.co.za\/solar\/category\/solar\/images\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/straton.co.za\/solar\/wp-content\/uploads\/2018\/02\/6990194296_89c76ccb16.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":4177,"url":"https:\/\/straton.co.za\/solar\/100-holsteins-and-166-pv-panels-gibbs-dairy-goes-solar-solar-image\/","url_meta":{"origin":6271,"position":5},"title":"100 Holsteins and 166 PV panels &#8211; Gibbs Dairy goes solar &#8211; Solar Image","author":"Alan","date":"25 December 2017","format":false,"excerpt":"100 Holsteins and 166 PV panels - Gibbs Dairy goes solar - Solar PV Completed Gibbs Dairy PV install, March 2012, showing all 166 modules and lots of happy cows (photo by Tim Gulden). Gibbs milks 100 Holsteins on his dairy farm in southeast Minnesota near Altura. He has been\u2026","rel":"","context":"In &quot;Images&quot;","block_context":{"text":"Images","link":"https:\/\/straton.co.za\/solar\/category\/solar\/images\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/straton.co.za\/solar\/wp-content\/uploads\/2017\/12\/7136280207_740a6c88c5.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/straton.co.za\/solar\/wp-json\/wp\/v2\/posts\/6271","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=6271"}],"version-history":[{"count":2,"href":"https:\/\/straton.co.za\/solar\/wp-json\/wp\/v2\/posts\/6271\/revisions"}],"predecessor-version":[{"id":6273,"href":"https:\/\/straton.co.za\/solar\/wp-json\/wp\/v2\/posts\/6271\/revisions\/6273"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/straton.co.za\/solar\/wp-json\/wp\/v2\/media\/6261"}],"wp:attachment":[{"href":"https:\/\/straton.co.za\/solar\/wp-json\/wp\/v2\/media?parent=6271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/straton.co.za\/solar\/wp-json\/wp\/v2\/categories?post=6271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/straton.co.za\/solar\/wp-json\/wp\/v2\/tags?post=6271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}