‘There is high demand for it’ – Solar panel theft is on the rise

As the country continues to face blackouts, the demand for solar panels has increased, so is the theft of panels.

As rolling blackout continues and solar panel demand increase, thieves have found an opportunity to do what they do best- steal.

According to CapeTalk, theft of solar panels is on the rise.

This is made easy as many of them are in plain sight and are easy to remove.

THERE IS NO WAY TO TRACK STOLEN PANELS

They also don’t have serial numbers or identification numbers that would enable someone to see that they are stolen.

Thieves either strip the solar panels of their valuable parts, such as copper or sell the panels as they are.

“It is becoming more and more of a relevant problem with the insurance industry. The panels are high value… there is high demand for it.

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PANELS ARE EASY TO REMOVE

“You do not need to be an expert [to remove them]. Even if they do damage the panels, like anything they will get away with the bulk of it,” the report quoted Rodney Taylor, Managing Director – Guardian Eye assaying.

Earlier this year, South African Finance Minister Enoch Godongwana announced a two tax measures to encourage businesses and individuals
to invest in renewable energy and increase electricity generation.

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REBATE FOR SOLAR PANEL INSTALLATION

During his national budget speech, Godongwana said green technologies are becoming cheaper, and the deployment of low-carbon
solutions is accelerating therefore recognising the need for government to play a role to play in encouraging adaptation and mitigation.

“I am pleased to announce two tax measures to encourage businesses and individuals to invest in renewable energy and increase electricity generation.

“Individuals who install rooftop solar panels from 1 March 2023 will be able to claim a rebate of 25 per cent of the cost of the panels, up to a maximum of R15 000. This can be used to reduce their tax liability in the 2023/24 tax year. This incentive will be available for one year,” said Godongwana.

ALSO READ: REMINDER: Gauteng STILL recruiting youth to install solar panels

ALSO READ: Gauteng looking for unemployed youth to work in the energy space