Bright sparks: Cogeneration projects now eligible under Section 12L tax incentive
12 June 2015
Government recently announced that the Section 12L incentive, which offers a tax deduction for taxpayers who implement energy saving measures, has been increased from 45 cents per kWH to 95 cents per kWH. This is a welcome boost for this incentive and responds to company concerns regarding the low rate on the existing incentive.
The Minister of Finance further announced that this incentive now applies not only to energy efficiency measures and power generation for own use, but also to cogeneration projects.
For more information click here: http://www.sanedi.org.za/12l-ee-tax-incentive/