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Solar Suppliers Help SMEs Stay Afloat During Rolling Blackouts
The frequent power outages and high tariff increases in South Africa have created an opportunity for solar suppliers to provide necessary support for small businesses. A number of businesses and sectors are currently working together to develop sustainable solutions, providing hope amidst South Africa’s energy crisis.
Lulalend Partnership Offers Funding Options for SMEs to Invest in Solar Energy
In response to the challenges caused by rolling blackouts and the impending 18.65% electricity tariff increase next month, Lulalend has partnered with several renewable energy suppliers from across South Africa to deliver sustainable power solutions to small and medium-sized enterprises (SMEs). “The lights on” campaign presents an easily accessible funding option that helps keep small business doors open and lights on, boosting financial capability and growth.
Tax Incentives for Investing in Renewable Energy
South African businesses and individuals that invest in renewable energy are receiving tax incentives from the government. Starting this month, businesses can reduce their taxable income by 125% of the cost incurred while investing in renewable sources of energy, making it a perfect opportunity to explore energy alternatives.
Solar Power – The Best Choice for SMEs
Power outages have cost businesses around R100 billion per year since 2019, making it necessary to find reliable, affordable solutions to the energy crisis. Stuart from Lulalend suggests that using solar panels is the best option for SMEs since it is fully reliable and dispatchable, ensuring a consistent supply of power 24/7. The right setup will also enable you to sell excess energy back to the national grid, which will allow the system to pay for itself.
Long-term Benefits of Solar Panels
Although the initial cost of solar panels may seem high, the long-term benefits and significant savings make it worthwhile. Reducing your reliance on the grid through solar power will not only decrease your monthly electricity bill but also allow you to benefit from tax incentives. Unlike other fossil-fuel-based options like diesel generators, solar power is sustainable, making it environmentally friendly and a practical solution.
Lulalend’s Commitment to Sustainable Energy Solutions For SMEs
Lulalend recognizes the urgent need for small businesses to have sustainable energy solutions as a critical aspect of their growth. With secured funding options and partnerships with solar-preferred suppliers, Lulalend intends to help SMEs stay afloat by keeping their lights on. Lulalend’s commitment to brighter and more sustainable future continues to grow with its efforts in empowering SMEs in South Africa.
Credit: https://www.citizen.co.za/business/opportunity-solar-suppliers-power-small-businesses/
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