Renewable energy sector mature enough to sustain w/o sec 12J of SA’s IT act!
Sec. 12J of #SouthAfrica’s Income Tax Act undoubtedly encourages local investments in the country and increases fund availability in the market. The Treasury, however, has expressed concerns during the country’s 2021 national budget over its extension. But we believe that investments in technology such as #SolarPower not just help in generating #CleanEnergy and creating new jobs, but also make ultimate financial sense.
How?
At present, the average #electricity tariff for corporate and industrial consumers in South Africa starts from R1.20 and goes up to R2.50/unit, whereas #PVsolar is able to generate electricity at a much-reduced cost, in some cases up to 60% less. Thus, solar projects are gradually proving to be financially beneficial and are sure to fetch good Internal Rates of Return (IRRs) even w/o Sec. 12J.
Cosmic can be your partner to help you reap these substantial cost benefits! Contact us today at info@cosmiccleanenergy.com or visit us at www.cosmiccleanenergy.com.
