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 important working capital. Their mission is to empower SMEs throughout South Africa to succeed.
“Working inside the SME sector, we wanted to create an providing that might help this sector. We’ve launched a marketing campaign in which there’s an simply accessible funding possibility that can 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 and marketing officer at SME funding supplier Lulalend. As well as securing these funds via Lulalend means you get entry to a number of regionally based mostly photo voltaic putting in companies at a reduced price .
Minister Enoch Godongwana’s latest funds speech included thrilling information for companies and people seeking to put money into renewable vitality. Beginning this month, companies will be capable of cut back their taxable earnings 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 wrestle with instability and common load shedding, many small companies are discovering it tough to keep up operations and keep aggressive. The lack of energy not solely disrupts enterprise actions but additionally results in important monetary losses.
In accordance with latest stories, energy outages have value companies round R100 billion per 12 months 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 the only option.
With advances in vitality storage (together with Li-ion batteries), solar energy has turn out to be absolutely dependable and dispatchable, guaranteeing a constant provide of electrical energy 24/7. With the correct 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 appear daunting, the long-term financial savings will be important. Not solely will you be capable of cut back your reliance on the grid (and subsequently your month-to-month electrical energy invoice), however you’ll additionally be capable of reap the benefits of the tax incentives talked about within the latest funds speech.”
Not like different fossil-fuel-based options corresponding to diesel turbines, solar energy is sustainable. By investing in renewable vitality, you’re not simply defending your corporation from the impression of load shedding – you’re additionally doing all of your half to cut 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 consider 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 maintain the lights on. Let’s work collectively to construct a brighter, extra sustainable future for all,” says Stuart.