Loadshedding: Tax Incentives for Energy Efficiency and Alternative Power
Now is the time for South African businesses to re-strategise their energy sources and consumption patterns, for a number of reasons that have recently been highlighted. With the challenges of Stage 6 loadshedding still fresh in our memory, government’s multiple measures to address this national crisis, announced just a month ago by President Cyril Ramaphosa, confirm that there is no quick short-term solution for Eskom’s woes, leaving us responsible for proactively securing our own alternative energy solutions. Fortunately, advances in technology and financing models continue to create more effective and affordable solutions. There are also tax incentives that make it more attractive for businesses to invest in energy efficiency measures and alternative power generation projects.