Use it or lose it: The curious case of the solar panel rebate

So, you’re having to choose between taking your kids on vacation or getting solar, replacing your Hillux with a Bicycle, or your Biltong with beans. I assume every cent helps.

And while the government will never give you free lunch, sometimes they give you a spoon of marmite. Not what you wanted but better than nothing.

So, if you have installed or are planning to install your solar from 1 March 2023 to 29 February 2024 you should not miss out on this marmite.

Individuals can claim a rebate of 25% of the cost of new and unused solar photovoltaic (PV) panels, up to a maximum of R15 000 per individual.

Solar Panel Rebate Requirements

The requirements as laid out by the Treasury are:

  • 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.
  • Only solar PV panels with a minimum capacity of 275W per panel (design output) qualify for the rebate. Other components of a system – batteries, inverters, fittings, or diesel generators – and installation costs do not qualify. Portable panels will also not qualify.
  • 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 the safety of the installation and compliance with electric regulations.
  • The solar PV panels must form part of a system connected to the private residence’s main distribution.
  • The rebate applies to qualifying solar PV panels that are brought into use for the first time in the period from 1 March 2023 to 29 February 2024.

How to claim your Solar Panel Rebate

You can claim this rebate as an individual if you have:

  • A VAT invoice that indicates the cost of the solar PV panels separately from other items, along with proof of payment.
  • Certificate of Compliance evidencing that the solar PV panels were brought into use for the first time in the period from 1 March 2023 to 29 February 2024.
  • PAYE taxpayers will be able to claim the rebate on assessment during 2023/24 filing season. Provisional taxpayers will be able to claim the rebate against provisional and final payments.

Every cent of the Solar Panel Rebate helps

So there you have it. Not too complicated but not that generous. Saying no to marmite money is probably not the best course of action to show your frustration.

Claim your solar panel rebate, and replace the beans and rice tonight with beer and braai. Paid for by the government.

For more information with regards to the solar rebate please consult the South African Treasury Page on Solar Panel Rebates.

Contact NuEco Solar today to find out more about getting your share of the solar panel rebate.

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