The much-hyped solar panel rooftop tax incentive for individuals, announced in February’s budget speech, kicked in at the beginning of this March, which means taxpayers can claim the rebate on assessment for the 2023/24 tax year.

The jury is, however, out on exactly how popular this will be, with upfront costs of installing the costly panels a major hurdle, while nonprovisional taxpayers will have to wait a good 18 months before they see their rebate.

Coupled with this are the equipment shortages in the market, with taxpayers having long lead times before being able to secure the equipment and then finding an installer to fit the system.

The industry is getting innovative, allowing for leasing options and repayment via instalment for those who qualify for financing, but the delays and costs are creating stumbling blocks.

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