Access to electricity remains a major challenge for over half a billion people in sub-Saharan Africa, and power outages are common even for those who are hooked up to the grid.
CP Solar’s managing director, Rashmi Shah, said his company has installed 25 megawatts of solar systems in the past six years. “It is a very clean source of energy,” he said and clients are able to recover their initial costs through savings within the first four years.
“The nearly year-round sunshine in Africa makes us unique,” Kenyan President William Ruto told a ministerial session at the climate summit on Monday. But where the government has been unhelpful, the private sector has taken the lead in promoting it by offering households and small businesses the option of paying for their solar installations over time.
But now, “I’m done with worrying about lighting,” Qadri said. She has installed a small solar system that powers five bulbs and a fan, and paying the installments every month is easy for her. Another example of this shift is the Ford vehicle assembly plant in Silverton, Pretoria, which currently sources over 35% of its electricity from solar power.
Businesses installing renewable energy can reduce their taxable income by 125% of the cost of the investment. Households that install rooftop solar will be able to claim a rebate of 25% of the cost of the panels, up to a maximum of R15,000 .
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