Solar Power Financing
solar financing
Energy security with smart solar power financing solutions
The rising expense and unreliability of power resources in South Africa have seen businesses and consumers explore alternative, more efficient renewable energy solutions. More and more are seeking onsite renewable energy solutions, such as rooftop solar photovoltaic energy (solar PV), but because these systems are costly and require a large initial investment for purchase and installation, they need Solar Energy Asset Finance experts to guide them accordingly.
solar financing
Energy security with smart solar power financing solutions
The rising expense and unreliability of power resources in South Africa have seen businesses and consumers explore alternative, more efficient renewable energy solutions. More and more are seeking onsite renewable energy solutions, such as rooftop solar photovoltaic energy (solar PV), but because these systems are costly and require a large initial investment for purchase and installation, they need Solar Energy Asset Finance experts to guide them accordingly.
Helping you acquire the necessary renewable energy assets for your home
Loadshedding has become part of the daily lives of South Africans, especially disrupting when it happens frequently and during peak times. With Merchant West Solar Power Financing, these frustrations and inconveniences can become a thing of the past.
We finance renewable energy solutions for your home, giving you and your family energy security when you need it most.
Unlike traditional finance houses, we can structure a financial solution to suit your needs using a flexible deposit with a rent-to-own option.
Our credit committee convenes daily, so contact us now for a quick decision that offers immediate comfort for your family while you add long-term value to your residential property.
With Merchant West Solar Power Financing you can enjoy:
- Sustainable energy security
- Environmentally friendly solutions
- Affordable repayments on energy equipment over 36, 48 or 60 months
- Ownership option at the end of the finance contract
- Insurance cover as well as a Compliance Certificate
End Load Shedding Woes with Merchant West Solar Power Financing
Loadshedding has become part of the daily lives of South Africans, especially disrupting when it happens frequently and during peak times. With Merchant West Energy Equipment Finance, these frustrations and inconveniences can become a thing of the past.
We tailor a financial solution with flexible deposit options to suit your business. Our rental or rent-to-own contracts provide you with off balance sheet finance, the ability to accelerate the asset write-down and allowable tax deductions.
Section 12B of the Income Tax Act provides for an accelerated capital allowance in respect of certain assets owned and used by a taxpayer generating electricity of not more than thirty megawatts from wind power, solar energy, and hydropower – as well as biomass comprising organic wastes, landfill gas or plant material.
Our credit committee convenes daily, so contact us for a quick decision that will offer you immediate comfort and long-term operational continuity against the risks of business interruption.
Through solar power financing, energy-smart businesses realise the following benefits from our energy solutions:
- Reduced energy costs – A solar supply significantly reduces the overall energy costs of your business. This is especially beneficial in South Africa with rising electricity prices.
- A backup power supply solution – Downtime due to load shedding or other disruptions is reduced to zero by having a backup renewable power supply solution
- A reduced carbon footprint – by making use of renewable energy, businesses can have a reduced greenhouse emission status which helps them to meet their carbon emission goals.
Frequently Asked Questions
With this tax incentive, taxpayers can deduct the value of their new solar power systems as an expense to derive taxable income. Simply put, your company’s income tax liability will be decreased by the same value as the value of the installed solar system. This deduction can also be carried over to the next financial year as a deferred tax asset.
This is a direct saving of 27% on the purchase price from day one on the solar system! The financial return on investment (ROI) of a new solar power system looks very attractive, the ROI would be 4 to 5 years if the system is bought with a loan.
*Ts and Cs apply.
Sustainable energy finance refers to the financial mechanisms, tools, and strategies used to support the development and deployment of renewable energy sources and energy-efficient technologies. It involves investing in clean and sustainable energy sources such as wind, solar, hydro, geothermal, biomass, and other forms of renewable energy.
The goal of sustainable energy finance is to accelerate the transition towards a low-carbon economy by increasing the availability of capital for renewable energy projects, reducing the cost of financing, and improving the financial viability of sustainable energy investments.
Sustainable energy finance is critical for addressing climate change and it helps to reduce greenhouse gas emissions, improve energy security, and promote economic development while preserving the environment.
In the face of rising power expenses and frequent load shedding in South Africa, businesses are turning to renewable energy solutions for reliability and efficiency. Our expert Solar Energy Asset Finance team can guide you through the process of acquiring renewable energy assets for your home. We offer flexible financing options, including a rent-to-own choice, ensuring energy security for your family with affordable repayments. Discover how our daily credit committee meetings can provide a quick decision, bringing immediate comfort to your family while adding long-term value to your residential property.
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