Solar ROI for Agriculture in George
George offers a solar yield of 1,580 kWh per kWp annually, making it a solid location for agriculture solar installations. Combined with Section 12B tax benefits, agriculture businesses in George can achieve significant returns on their solar investment.
Key Parameters
System Size
120 kW
Solar Yield
1,580 kWh/kWp
Tariff Rate
R2.95/kWh
Install Cost
R1.7M
Agriculture Solar in George
A farm investing R1.68 million in solar qualifies for a R2.1 million Section 12B deduction. This is particularly valuable for farming operations with variable annual income, as the deduction can be carried forward.
George is the economic hub of the Garden Route, serving as a commercial centre for Mossel Bay's petrochemical industry, Oudtshoorn's agricultural sector, and the corridor's booming tourism and retirement industries. The George Industrial area and Garden Route Mall precinct are prime solar candidates.
120 kW Agriculture System in George
Based on typical industry parameters. Your actual results will vary.
Section 12B Deduction
R1,680,000
Year 1 Tax Saving
R453,600
Payback (with tax)
2.1 yrs
Simple Payback
2.8 yrs
IRR
51.6%
25-Year Saving
R74,177,484
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