Top 5 reasons to go solar

Renewable Energy Source

Among all the benefits of solar panels, the most important thing is that solar energy is a truly renewable energy source. It can be harnessed every day. We cannot run out of solar energy, unlike other sources of energy. Solar energy will be accessible as long as we have the sun, therefore sunlight will be available to us for at least 5 billion years which is when scientists have predicted that the sun is going to die.

Reduces Electricity Bills

Since you will be meeting some or all of your energy needs with the electricity your solar system has generated, your energy bills will drop. How much you save on your bill will be dependent on the size of the solar system and your electricity usage.

Become Self Sufficient

The solar energy that you generate can be stored in batteries, so you are not dependent on Eskom’s grid. When load shedding is implemented, the system switches over to your batteries automatically and Voila! Your home or business remains unaffected.

Low Maintenance Costs

Solar energy systems if designed properly generally don’t require a lot of maintenance. You only need to keep them relatively clean, so cleaning them a couple of times per year will do the job. Our solar panel manufacturers offer 10 year manufacturers warranty and 25 years efficiency warranty. Also as there are no moving parts there is no wear and tear. Our wide range of inverters come with 5-20 year warranty. Our Li ion batteries come with a 7-10 year warranty.

After covering the initial cost of the solar system, you can expect very little spending on maintenance and repair work.

SARS Tax Rebate

Section 12B of the Income Tax Act makes provision for a capital allowance for movable assets used in the production of renewable energy. The incentive makes allowances 100% asset accelerated depreciation in first financial year that the asset is brought online. This equates to a 28% deduction on the business’ income tax.

“What does this mean for your company? Currently, company tax in South-Africa is 28%. With this incentive, you can deduct the value of your new solar power system as a depreciation expense from your companies’ profits. This means that your companies income tax liability will be decreased by the same value as the value of the installed solar system. This reduction can also be carried over to the next financial year as a deferred tax asset. In effect it is the same as getting a 28% discount on the price of your solar system!