Massmart, in partnership with Retail Credit Solutions, is offering loans of up to R250,000 for South Africans looking to install solar.
How does it work?
You then require a needs analysis and quote. Once you have your installation quote and your proof of comprehensive insurance, you can apply for finance.During his budget speech last month, finance minister Enoch Godongwana announced that individuals who install solar panels in the next year will benefit from a rebate.
“Individuals who install rooftop solar panels from March 1 will be able to claim a rebate of 25% of the cost of the panels, up to a maximum of R15,000. This can be used to reduce their tax liability in the 2023/24 tax year. This incentive will be available for one year,.”
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