Solar ROI for Automotive in Port Elizabeth
Port Elizabeth offers a solar yield of 1,650 kWh per kWp annually, making it a strong location for automotive solar installations. Combined with Section 12B tax benefits, automotive businesses in Port Elizabeth can achieve significant returns on their solar investment.
Key Parameters
System Size
120 kW
Solar Yield
1,650 kWh/kWp
Tariff Rate
R2.90/kWh
Install Cost
R1.7M
Automotive Solar in Port Elizabeth
A dealership group investing R1.68 million in solar claims a R2.1 million Section 12B deduction. At 27% tax, the R567,000 first-year tax saving accelerates payback to under 3 years.
Port Elizabeth's automotive manufacturing sector and Coega Industrial Development Zone drive significant commercial solar demand. The metro has embraced renewable energy as part of its economic development strategy.
120 kW Automotive System in Port Elizabeth
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
2.7 yrs
IRR
52.6%
25-Year Saving
R76,203,621
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