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Rental Finance for Solar PV Systems at LRG Solar

Flexible Financing for a Brighter Future

At LRG Solar, we understand that investing in solar energy is a significant decision. That’s why we offer Rental Finance options for our Solar PV Systems, providing you with the flexibility to harness the power of the sun without the upfront capital expenditure.

Tailored Rental Solutions

Our Rental Finance options are designed to suit your financial needs. Choose from 36, 48, or 60 months rental terms with the option to own the system at the end of the term or upgrade to the latest technology1With no deposit required and rentals that are fully tax deductible, our solutions make solar energy accessible and affordable1.

Benefits of Choosing Rental Finance with LRG Solar

Seamless Transition to Solar

Transitioning to solar energy with LRG Solar is seamless. Our team of experts will handle the installation and maintenance of your Solar PV System, ensuring that you can enjoy the benefits of clean, renewable energy without any hassle.

Join the Sustainable Energy Movement

Embrace the sustainable energy movement with LRG Solar’s Rental Finance options. Contact us today to learn more about how we can tailor a solar solution to fit your financial and energy needs.

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.