Lulalend, South Africa’s first on-line supplier of short-term enterprise funding has partnered with with a number of renewable vitality suppliers from across the nation to empower SMEs with sustainable, dependable energy options.
The corporate merchandise that are pushed by proprietary AI know-how, are particularly designed to make it simpler for small companies to entry very important working capital. Their mission is to empower SMEs throughout South Africa to succeed.
“Working throughout the SME sector, we would have liked to create an providing that might help this sector. We now have launched a marketing campaign in which there’s an simply accessible funding possibility that may assist energy up SME companies with photo voltaic vitality, guaranteeing that the doorways keep open, and the lights keep on,” says Tom Stuart, chief advertising officer at SME funding supplier Lulalend. As well as securing these funds by way of Lulalend means you get entry to a number of regionally primarily based photo voltaic putting in companies at a reduced price .
Minister Enoch Godongwana’s current finances speech included thrilling information for companies and people seeking to spend money on renewable vitality. Beginning this month, companies will be capable to scale back their taxable revenue by 125% of the price of investing in renewables. Meaning there’s by no means been a greater time to begin exploring your choices for sustainable vitality options.
Because the South African vitality grid continues to battle with instability and common load shedding, many small companies are discovering it troublesome to take care of operations and keep aggressive. The lack of energy not solely disrupts enterprise actions but in addition results in important monetary losses.
Based on current stories, energy outages have value companies round R100 billion per yr in misplaced productiveness since 2019. That’s a staggering quantity, and it underscores the urgency of discovering dependable, reasonably priced options to the vitality disaster.
Whereas there are a number of choices on the market for SMEs seeking to keep related and guarantee enterprise continuity when load shedding strikes, for a number of causes solar energy is your best option.
With advances in vitality storage (together with Li-ion batteries), solar energy has turn into totally dependable and dispatchable, guaranteeing a constant provide of electrical energy 24/7. With the precise setup, it’s also possible to promote extra vitality again to the nationwide grid, successfully letting your system slowly pay for itself.
Stuart explains “Whereas the preliminary funding in photo voltaic panels could seem daunting, the long-term financial savings might be important. Not solely will you be capable to scale back your reliance on the grid (and due to this fact your month-to-month electrical energy invoice), however you’ll additionally be capable to benefit from the tax incentives talked about within the current finances speech.”
In contrast to different fossil-fuel-based options comparable to diesel mills, solar energy is sustainable. By investing in renewable vitality, you’re not simply defending your online business from the influence of load shedding – you’re additionally doing all of your half to scale back your carbon footprint and contribute to a extra sustainable future.
“We at Lulalend are dedicated to serving to small companies thrive in South Africa, and we imagine that sustainable vitality options are a vital a part of that equation. With our versatile funding options and partnerships with photo voltaic vitality suppliers, we’re right here that can assist you energy up and hold the lights on. Let’s work collectively to construct a brighter, extra sustainable future for all,” says Stuart.