A Complete Guide to Registration, Financing, and Tax Benefits for Your Solar System

Registering your solar panels is an important step in Cape Town, as it ensures compliance with local regulations. Soly is here to help. Here’s what you need to know:

City of Cape Town Regulations: Before installation, check the specific regulations imposed by the City of Cape Town regarding solar panel installation. Compliance is crucial to avoid legal complications.

NERSA Registration: The National Energy Regulator of South Africa (NERSA) requires registration of all small-scale embedded generation systems, including solar panels. Ensure your system adheres to their guidelines.

Financing your solar panel installation can be a smart financial move. Consider these options:

Personal Savings: Using your savings can provide immediate returns on your investment, as solar panels typically pay for themselves over time through reduced energy bills.

Solar Loans: Many financial institutions offer solar-specific loans with favourable terms, making it easier to afford the upfront costs of installation.

Solar Leasing: Some companies offer leasing options where you pay a monthly fee for the use of solar panels, avoiding the initial capital outlay.

In South Africa, there are potential tax benefits to installing solar panels:

Section 12B Tax Deductions: Businesses can benefit from Section 12B of the Income Tax Act, allowing deductions for energy efficiency savings achieved through renewable energy installations.

Accelerated Depreciation: Businesses can also take advantage of accelerated depreciation for solar assets, further reducing tax liability.