Eskom Rebate Solar Panels

Solar flair little known tax incentives boost business case for renewable energy.

Eskom rebate solar panels.

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. By providing rebates through its network of accredited suppliers and installers eskom is making quality solar water heaters. The solar panels would produce on average 25kwh per day over the year if the power produced was fully utilised and any excess energy then stored in the battery for night time consumption. 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.

Photovoltaic pv or solar modules are made up of solar cells that are connected in series. Why is a solar geyser still a good investment when without a rebate. R300 x 12 months r3600 00 per year. If your electricity bill is r1000pm you can save around 30 40 of that with solar.

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. The price of solar power has plummeted in recent years. 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. A small solar system cost around r13 500 00.

Tobias bischof niemz energy engineer at the csir said that five years ago a photovoltaic system cost r5 per kwh compared to eskom s r0. 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. R13 500 divided by r3600 3 75 years. Energy regulator and eskom have often been criticised for obstructing the introduction of distributed small.

Eskom recognised this and as part of their idm programme piloted a rebate tariff of r1 20 kwhr consumed on site over a three year period. Other incentives for solar accelerated depreciation. 30 of r1000 r300pm. The most common commercial cells are made from purified silicon si.