Do you know that a Solar system has a TAX benefit for your company? All businesses have a Tax incentive that was structed in 2016 under section 12B of the income Tax. All solar products are subject to accelerated depreciation cost.
What does this mean?
- You can recuperate 43% of a solar system in the first year.
- You can claim 28% of the system cost under Income Tax.
- You can claim 15% on your VAT.
Making the return on investment a no brainer!