Government urged to extend solar power incentives
Tax experts say the qualification period for rebates is too short and should be expanded beyond rooftop panels
20 September 2023 - 15:52
Business, tax professionals and accountants on Wednesday urged the government to extend and expand the solar panel tax incentive for individuals and businesses, saying it would encourage more investment in alternative energy.
In his February budget finance minister Enoch Godongwana announced a tax rebate for individuals for the installation of rooftop solar panels to the value of 25% of the cost of any new and unused solar panels up to a maximum of R15,000 from March 1 2023 to March 1 2024...
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