Electricity costs have been rising by approximately triple the national inflation rate since 2008, while solar technology has advanced and scaled accordingly, providing lower costs and more efficient systems.
We provide solar solutions that completely replace your existing electricity supply for less than your existing electricity bill.
If your monthly electricity bill is R3 000 now, in 2008 you were paying R262, and you can expect to be paying R11 619 per month in 10 years' time (assuming the average annual increases continue).
Solar financing options
- Cash.
- Term loan.
- Home loan. Banks offer finance that is added to your existing home loan, by accessing prepaid funds or by adding a second bond.
A real world case study
A household solar system that will supply you with R3 000 of electricity per month, financed over 7 years, will cost the following.
Example: an electricity account of R3 000 per month implies approximately 700 kWh per month.
Solar Made Simple Home Standard, "off the grid design": R136 000
An electricity account of R3 000 per month is replaced by:
- Cash at 7% in a savings account: R790 per month (monthly lost interest)
- Term loan over 7 years at 18%: R2 865 per month (monthly repayment for 7 years)
- Home loan over 20 years at 11%: R1 407 per month (monthly repayment for 20 years)
Whichever way you finance it, the system costs less per month than the electricity account it replaces. And the account keeps rising. The system does not.
Find out what your account would cost to replace
WhatsApp us on 060 846 8577 for a free power analysis and quotation.