Professional Accountants | Secundes

The new SARS solar energy tax credit

The tax credit for individuals installing solar panels is here, for a limited time only.

The proposed new law regarding the tax credit available to individuals who install solar panels has been announced.

The system will be introduced in the form of a tax credit, as opposed to a tax deduction. This is good news, as it affords individuals with a uniform opportunity in claiming the same tax credit. Under a deduction form, a sliding scale is applied, which is dependent on each individual’s income and tax bracket.

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