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solar power in South Africa Archives - EP Home Solutions

High-tech thinking

By | Energy Partners in the Press | No Comments

African Decisions has published an article on how recent advances in energy-efficient technologies mean more accessible and cost-effective alternatives for consumers of power. Energy Partners Home Solutions has been mentioned as one of these high-tech solutions:

Energy Partners Home Solutions provides a range of solar and energy saving solutions for the consumer market, including its ICON system, which incorporates energy efficiency, renewable generation and backup solutions to reduce a home’s reliance on grid power by more than 50%.

‘Our solution enables home owners to take control of their energy by supplying a set of reliable products that form a fully integrated home energy solution that combines lighting, water heating and renewable energy – all effortlessly managed and monitored from a simple app on your smartphone,’ he said.

Please click here to read the full article.

Own an SME? Tax perks of going solar

By | Energy Partners Knowledge Base | No Comments

In South Africa, we realise the importance of nurturing SMEs (small and medium-sized enterprises): They play a vital role in developing our growing economy, creating much-needed jobs and driving innovation. At the same time, as the proverbial small fish in the big pond, they face many challenges such as securing the funding they need, complying with all of the country’s legislative requirements and keeping head above water in competitive industries. It’s clear that SMEs need all the help they can get, especially when it comes to relieving some of the financial strains and stresses of running a business.

Indeed, many SME owners toss and turn over money matters at night. Especially tax is a pebble in the shoe for many businesses, big and small. Not only is it tricky to navigate the world of tax (especially if you’re new to business), but it’s never easy to part with one’s hard-earned money.

 

Tax incentive for installing solar PV

 

That’s why it’s great news for SMEs that SARS offers business owners certain tax concessions for utilising renewable energy – specifically a special tax incentive for installing solar PV (photovoltaic) energy solutions.

Cala van der Westhuizen from Energy Partners, a renewable energy solutions supplier, explains that solar energy systems such as theirs hold tax perks for businesses from the get-go. “Financially it makes good sense for businesses to install a solar PV system as they can deduct the VAT portion which is already 14% of the total cost if they are VAT-registered,” he says.

 

Deduct cost of installation

 

The second big tax advantage, is that business owners can deduct the full cost of the installation of a solar energy solution from their business income tax in the first year, according to the terms of Section 12B of the Income Tax Act. This 100% accelerated capital allowance applies to business solar PV solutions that produce less than 1 megawatt of power.

 

Pay less carbon tax

 

Government’s purpose with this allowance is to encourage the use of renewable energy in the business sector by for instance supporting smaller solar PV energy projects that have a low environmental impact and use little water. Which brings us to another tax benefit of installing solar PV: This year, government is introducing a carbon tax for businesses that emit excessive amounts of greenhouse gasses through especially transportation vehicles and electricity generation. As a low-carbon source of energy, solar power can help businesses to become greener and therefore avoid carbon tax.

 

Savings on electricity bill

 

The financial benefits of installing an efficient business solar solution go beyond tax concessions. With a state-of-the-art, efficient system from Energy Partners, SMEs can significantly cut their monthly electricity bills. An Energy Partners SME solar solution can pay for itself with what the business saves on electricity. “The repayment term of a solar PV system for a commercial installation is close to around 4 years, depending on certain factors like self-consumption and the tariff structure. With solar panels that have a 25-year production warranty, it’s very much like buying 25 years’ prepaid electricity at 5 years’ cost,” Van der Westhuizen says.

He adds: “Energy Partners Home Solutions also offer various financing options for SMEs that don’t have the capex available to purchase the system outright. As a registered financial services provider, many of our clients purchase a system that is financed by us and which they can easily pay off out of the operational budgets of their businesses. In certain cases, we can even offer a Performance Lease Agreement, which allows for the installation of the system at a fraction of the cost.”

It’s clear that, if you’re an SME owner, you can’t afford not to consider a renewable energy solution that looks after the environment and your all-important cash flow. If you’re interested in putting the financial benefits of a solar PV solution to work in your business, contact Energy Partners for a free, no-obligation energy assessment. 


 

Read more about this in the press:

4 Reasons To Go Solar

By | Energy Partners Knowledge Base | No Comments

When it comes to affordable renewable energy (or energy in general), solar certainly stands out as one of the best solutions. It’s clean, efficient and above all – infinite. Here in South Africa, it makes sense to switch to solar quite simply because we have plenty of sun to go around. Most areas in the country average over 2 500 hours of sunshine per year, which is among the highest in the world. Here are four reasons to go solar:

1. Save money from day one

Going solar is as good for your pocket as it is for the planet. With a proper home solar solution, you could save up to 70% on your monthly electricity bill. This means you can save between R50 to R70 a day in peak summer. That’s about R2 000 a month, or R24 000 a year. (This is dependent on the size of your electricity bill and how much roof space you have available).

What solar saves you on your electricity bill, will add up and ultimately cover the cost of the installation. In fact, a carefully planned and designed home solar energy solution could pay for itself within five years.

2. Eskom is not future proof

During loadshedding we all experienced Eskom’s lack of planning, which became even more evident in 2016 when it emerged that their Ingula pumped storage scheme came in well over budget. Recently, the National Energy Regulator of South Africa granted Eskom a 9.4% tariff increase for the 2016/17 financial year. This is way above inflation, which sat between 4% and 7% in 2016. It’s just another example of Eskom’s failure to think ahead.

Their lack of planning, together with their spiraling debt (which will ultimately reflect on consumers’ pockets) do little to restore faith in the unpopular utility. So it seems that, when it comes to reliable sources of energy, it would be wise to hedge your bets and not bank it all on Eskom. By going solar you can ensure you have an efficient energy solution when the grid lets you down.

3. It’s good for the environment

Many people consider going off the grid – meaning, break their ties with Eskom – because they’re concerned about the detrimental effects of coal-fired power stations on the environment. We all have a responsibility to preserve our ecosystems and precious natural resources. The future of our planet depends on it! Solar power has zero impact on the environment and is therefore a great option for the environmentally conscious.

Unfortunately, going off the grid is not really the most practical and financially viable solution. For example, although solar is becoming more and more affordable, the amount of solar PV panels and storage batteries you would need to completely power your home, will carry a hefty price tag. The smart financial choice is to minimise your carbon footprint instead of trying to erase it. You can stay on the grid and tap into it when you need to.

4. It’s very accessible

Solar is easier to install and much more affordable than you might think. It’s up to you how far you want to go, since a good home energy solution should be highly modular. You can start small and build up to a full home energy solution.

For example, you could start by replacing your traditional downlights with energy-efficient LEDs. Then, you could consider installing a heat pump or a solar geyser. These are great energy-saving alternatives to regular geysers, which account for the bulk of the electricity bill in many households. These are just two small, affordable adjustments that could make a big difference to your electricity spend.

When you’re ready to make a larger investment in powering yourself, you could acquire a more robust solution. This solution will generate and store enough energy to fully power your home for longer periods of time. Want to start saving from day one and pay as little as possible upfront? Lease a solar energy system from Energy Partners Home Solutions. We’ll maintain the system for you, while you enjoy all of the advantages of generating your own power.


Want to discuss your different options? Contact us for a free consultation by one of our energy experts and to find out more about our solar financing solutions.

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SABC Digital News – Saving electricity during the festive season

By | Energy Partners in the Press | No Comments

On December 21, 2016, Alan Matthews (head of Energy Partners Home Solutions) discussed how holiday makers can save money on their electricity bills by switching off all appliances when leaving the house. Listen in on the interview to learn energy saving ideas which can be implemented throughout the entire year. We hope to make consumers more aware of their day-to-day energy consumption and give you more insight on energy saving.

Do not just change your mind-set over festive seasons but also for the future, as South Africans should brace themselves for a possible inflation increase in electricity tariffs over the next three years.