CategoriesCompany Insight About Services

LRG Solar’s Innovative Solar PV Systems Designed with PVSOL Premium

Harnessing the Sun’s Power with Precision and Expertise

At LRG Solar, we are dedicated to providing top-tier solar solutions that are tailored to the unique needs of our clients. Our use of PVSOL Premium, the industry’s leading photovoltaic design software, enables us to create solar PV systems that are not only efficient but also optimized for maximum energy production.

Design Excellence with PVSOL Premium

PVSOL Premium allows us to simulate and visualize all types of modern PV systems in stunning 3D1Whether it’s for small rooftop systems, commercial roofs, or expansive solar parks, our designs are backed by accurate shading analysis and yield forecasts for unparalleled reliability1.

Customized Solar Solutions

Every solar project is unique, and with PVSOL Premium, we can customize the design to fit any roof form or orientation. Our extensive database includes over 26,000 PV modules and 7,500 inverters, ensuring that we have the right components for every scenario1.

Economic and Environmental Impact

Our designs are not just about aesthetics; they’re about impact. With PVSOL Premium, we provide detailed economic analyses over 20 years, incorporating current feed-in tariffs and system costs. This means our clients can make informed decisions about their investments in sustainable energy1.

Technical Precision Meets Aesthetic Integration

LRG Solar’s designs are a blend of technical precision and aesthetic integration. Our systems are engineered to provide optimal performance while complementing the architectural integrity of the property. With PVSOL Premium, we ensure that every system is a seamless addition to your space.

Join the Solar Revolution with LRG Solar

Choose LRG Solar for your solar energy needs and experience the difference that comes with a system designed using PVSOL Premium. Our commitment to quality, sustainability, and customer satisfaction positions us as a leader in the solar industry. Contact us today to learn more about our revolutionary solar PV system designs.

CategoriesFinancial Company Insight

Section 12B – Tax Incentive for Solar

The Section 12B Tax Incentive in South Africa offers significant benefits for businesses and individuals investing in renewable energy, particularly solar power. Here are some of the key advantages:

Accelerated Depreciation:
• Businesses can claim an accelerated depreciation of 100% of the cost of new or unused solar PV systems in the first year of use. This has been increased to 125% for assets brought into use on or after March 1, 202312.

Tax Deduction:
• The full cost of the solar power system can be deducted as a depreciation expense from a company’s profits, effectively reducing the company’s income tax liability by the same value as the installed solar system3.

Eligibility for Various Assets:

• The incentive covers assets used to generate electricity from renewable sources, including photovoltaic solar energy, concentrated solar energy, wind power, hydropower, and biomass. This includes the supporting structures and certain components like batteries and inverters, provided they are part of the solar power generation system1.

Encouraging Investment:
• The incentive is designed to encourage investment in renewable energy by providing immediate tax relief, which can improve cash flow and make solar projects more financially viable4.

Environmental Impact:
• By incentivizing the adoption of solar power, the incentive supports the shift towards a greener economy and helps alleviate the current energy crisis in South Africa.

The incentive promotes the use of solar power to address the energy crisis in South Africa and drive the transition towards a more environmentally friendly economy.

No Security Required for Funding:
• Accessing Section 12B funding does not require security, which can be beneficial for property or business owners. It allows for minimal upfront costs and stable, predictable costs over the funding term5.
It’s important to note that to qualify for these benefits, the solar power system must be new and unused, and it must be brought into use for the first time between March 1, 2023, and March 1, 20251. For more detailed information or to see how these benefits can apply to your specific situation, it would be best to consult with a tax professional or financial advisor.