Are you ready to accelerate your return on investment in solar energy? The Government of Jamaica has introduced an exciting tax incentive for homeowners, and at SolarBuzz, we’re here to guide you through every step. More than just a regular installer, we pride ourselves on being your trusted expert partner in all things solar.

What’s New?

As of January 1, 2023, individuals who install a solar photovoltaic (PV) system in their primary residence can qualify for a 30% income tax credit, up to a maximum system cost of J$4 million. In other words, you can claim up to J$1.2 million as a tax credit on the purchase and installation costs.

Key Criteria for Eligibility

  • The solar PV system must be installed on or after January 1, 2023 at your primary residence.
  • Sales invoice and property title must be in your name.
  • A Government Electrical Regulator (GER) Inspector Compliance Certificate is required.
  • Income Tax Returns must be filed electronically:
    • Self-employed: Submit Form S04
    • Employed (PAYE): Submit Form IT05

The Tax Computation section has been updated to include the Residential Solar PV System credit. When completing your relevant tax form, look for the new Schedule 9 hyperlink for the new residential solar tax credit computation in the following section:

  • Section E (for employed individuals)
  • Section F (for self-employed individuals)

How to Register for eServices

  1. Visit www.jamaicatax.gov.jm
  2. Click the Client Portal in the top-right corner
  3. Follow the steps to register for eServices

Important Notes

  • You can only apply this credit to 50% of your annual income tax due.
  • The home where the system is installed cannot be used for any income-generating activities.
  • Upgrades are only eligible on systems installed after January 1, 2023
  • Employed individuals get a cash refund; self-employed individuals receive a tax credit to offset their liability.
  • Pensioners/retirees are eligible for tax credit on systems installed during retirement only if their pensionable income exceeds the tax threshold for the year being claimed and all other pensionable allowances (total of 2.2M approximately annually).

Watch the Full Webinar

If you’d like a deep dive into the new tax credit, check out the Tax Administration Jamaica webinar here:
YouTube Webinar: Solar Tax Credit
(Tax Computation skip to: 2:01:01 to 2:07:53 in video below)

Next Steps

  • Current SolarBuzz Clients: Contact us for free guidance, and we will ensure your installation can be passed quickly by the GER.
  • Non-SolarBuzz Clients: We can still help, but there will be an admin fee for our tax guidance, and no guarantee the GER will pass a system we did not install.

We look forward to helping you save on energy costs and unlock new financial benefits in the process!

This post is for informational purposes only and does not constitute tax advice. Please consult with a tax professional for personalised guidance.

 

Google Maps is already one of the most popular apps used on on smartphones thanks to its sophisticated navigation powers. But Google has figured out an even cooler use for the service and it that doesn’t even involve getting directions – meet Google’s brand new Project Sunroof.

Using the immense map data that’s behind Google Maps, the company’s new Google Maps feature will help you decide the best way to install solar panels on your roof. What Google can do for you is use the knowledge it collects about your home’s location to tell you how much sunlight you’re getting each day, how much electricity that can generate and how much it’ll cost you to install the solar panels.

Basically, Google’s service will be ready to answer some of your most pressing questions related to installing solar panels on your roof. So all you need to do is jot down the data and get ready to invest in solar panels for your roof. We should note, of course, that solar power might not be a good investment for everyone so make sure installing them will be financially worthwhile before making the switch.

Project Sunroof will debut in Boston, San Francisco and Fresno, but should expand to other markets in the future. A video explaining the cool Google Maps tech behind it follows below – more details about the project are available on Google’s special site for it at this link.

 

BGR

February 11, 2015 marks five years in space for NASA’s Solar Dynamics Observatory, which provides incredibly detailed images of the whole sun 24 hours a day. Capturing an image more than once per second, SDO has provided an unprecedentedly clear picture of how massive explosions on the sun grow and erupt ever since its launch on Feb. 11, 2010. The imagery is also captivating, allowing one to watch the constant ballet of solar material through the sun’s atmosphere, the corona.

In honor of SDO’s fifth anniversary, NASA has released a video showcasing highlights from the last five years of sun watching. Watch the movie to see giant clouds of solar material hurled out into space, the dance of giant loops hovering in the corona, and huge sunspots growing and shrinking on the sun’s surface.

The imagery is an example of the kind of data that SDO provides to scientists. By watching the sun in different wavelengths – and therefore different temperatures – scientists can watch how material courses through the corona, which holds clues to what causes eruptions on the sun, what heats the sun’s atmosphere up to 1,000 times hotter than its surface, and why the sun’s magnetic fields are constantly on the move.

Five years into its mission, SDO continues to send back tantalizing imagery to incite scientists’ curiosity. For example, in late 2014, SDO captured imagery of the largest sun spots seen since 1995 as well as a torrent of intense solar flares. Solar flares are bursts of light, energy and X-rays. They can occur by themselves or can be accompanied by what’s called a coronal mass ejection, or CME, in which a giant cloud of solar material erupts off the sun, achieves escape velocity and heads off into space. In this case, the sun produced only flares and no CMEs, which, while not unheard of, is somewhat unusual for flares of that size. Scientists are looking at that data now to see if they can determine what circumstances might have led to flares eruptions alone.

Goddard built, operates and manages the SDO spacecraft for NASA’s Science Mission Directorate in Washington, D.C. SDO is the first mission of NASA’s Living with a Star Program. The program’s goal is to develop the scientific understanding necessary to address those aspects of the sun-Earth system that directly affect our lives and society.

This video is public domain and can be downloaded at: http://svs.gsfc.nasa.gov/goto?11742

Like our videos? Subscribe to NASA’s Goddard Shorts HD podcast:
http://svs.gsfc.nasa.gov/vis/iTunes/f…

Or find NASA Goddard Space Flight Center on Facebook:
http://www.facebook.com/NASA.GSFC

Or find us on Twitter:
http://twitter.com/NASAGoddard

The energy monitor allows you to know in real time how much your home or business is using in dollars or in kilowatts. No more waiting until the JPS bill comes to see if you have been saving or what your bill should be. The monitor also allows you to to track your JPS billing cycle so you can know how much your spending each day, week and month. Therefore giving you the ability to know what your JPS bill should look like each month before it comes. See video below for a

The video below shows how our energy efficient inverter pool pumps are saving people a lot of money. The client in the video will save over J$175,000 a year in his energy costs by switching to this pool pump. One of the first steps towards becoming energy efficient is to attack your energy hogs.

Contact us for an energy audit to help lay out an energy management plan that saves money for your home or business.

Pump Info