Solar ROI for Mining & Quarrying in Richards Bay
Richards Bay offers a solar yield of 1,520 kWh per kWp annually, making it a solid location for mining & quarrying solar installations. Combined with Section 12B tax benefits, mining & quarrying businesses in Richards Bay can achieve significant returns on their solar investment.
Key Parameters
System Size
500 kW
Solar Yield
1,520 kWh/kWp
Tariff Rate
R2.80/kWh
Install Cost
R7.0M
Mining & Quarrying Solar in Richards Bay
A mining operation investing R7 million in solar claims a R8.75 million Section 12B deduction. At 27% tax, this delivers R2.36 million in first-year tax savings, bringing the effective cost down to R4.64 million.
Richards Bay is home to some of South Africa's most energy-intensive industries including aluminium smelting (Hillside), mining operations, and the country's largest coal export terminal. The Richards Bay IDZ hosts heavy manufacturing, mineral processing, and agri-processing companies.
500 kW Mining & Quarrying System in Richards Bay
Based on typical industry parameters. Your actual results will vary.
Section 12B Deduction
R7,000,000
Year 1 Tax Saving
R1,890,000
Payback (with tax)
2.3 yrs
Simple Payback
3.0 yrs
IRR
48.3%
25-Year Saving
R281,499,409
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