Eskom Rebate For Solar Panels

The capital depreciation allowances for solar pv systems greater than 1 mw remained unchanged in the january 2016 amendment to the legislation which continues to allow full depreciation over three.

Eskom rebate for solar panels.

At the moment the value of the solar rebate is around 39 per stc. Why is a solar geyser still a good investment when without a rebate. The south african utility has issued a 20 strong tender for 50 kw solar inverters and mounting structures to be used in four power plants. By providing rebates through its network of accredited suppliers and installers eskom is making quality solar water heaters.

Thanks to accelerated depreciation businesses can write off the value of their solar energy system through the modified accelerated cost recovery system macrs which reduces businesses tax burden and accelerates returns on solar investments qualified solar energy equipment is eligible for a cost recovery period of five years. Solar power users not properly charged. If your electricity bill is r1000pm you can save around 30 40 of that with solar. Eskom is offering home owners rebates of 15 to 20 on the cost of installing solar water heating systems through its solar rebate programme enabling homeowners to save from about r1 860 up to r4 900 on the cost of a solar water heating system.

The most common commercial cells are made from purified silicon si. If this is not done a customer that decides to put a solar installation on their rooftop can reduce their bill not only with the energy. Photovoltaic pv or solar modules are made up of solar cells that are connected in series. A small solar system cost around r13 500 00.

This translates into a rebate of roughly 585 per kw installed. R300 x 12 months r3600 00 per year. The higher the stc price the more rebate you get. Eskom is happy to advise that south africans can still apply for rebates on the purchase of sabs and eskom approved solar water heating systems following installations by eskom accredited installers.

But situations can arise where the value is pushed down. Other incentives for solar accelerated depreciation. The silicon cell is essentially a p n junction that utilises the energy from the sunlight to generate electron flow from the p type si via an external resistance to the n type si. R13 500 divided by r3600 3 75 years.

According to eskom demand side management gm andrew etzinger typically installed systems can range between r14 000 and r33 000 depending on the make and size of the geyser type of roof as well as overall complexity of installation. Seventy percent of this rebate is payable upfront and the rest in 10 tranches over three years based on energy consumed on site by the company.