The demand fell sharply in August, but picked up again in early September, along with a record number of disruptions of electricity. Even though the winter months are over, when the demand for photovoltaics usually slows down, the requests for solar panels are nearing all-time highs again.
In a country with plenty of sunlight; households and businesses are well positioned to take advantage of the cheap production of solar energy. They can expect to pay between R60 000 and R200 000 for solar panels and installation.– SA’s green bank in both branding and environmental consciousness – has stepped up to offer home and business owners several options for funding when it comes to purchasing a solar power system for their property.
The applicant would then need to get a needs analysis and quote. The supplier will perform a needs analysis, obtain an engineering proposal and provide a quote for the energy solution.The applicant has the option of apply for a loan through MFC’s Asset finance, which is basically like financing a car. They applicant can choose to ask the bank to finance the system over a period of up to 72 months at a competitive interest rate with MFC.
The bank offers the NedRevolve option, which enables customers to access surplus funds in their home loans with which they could purchase a suitable system. They would then pay more than the minimum monthly instalment into their account. They also have the option of readvance and the further loan option. A readvance gives the customer access to a portion of the principal debt that they have already paid off. A further bond involves the registration of a second bond on one’s home.Nedbank also joined in a partnership with Hohm Energy to provide a custom proposal to customers in minutes and access to its marketplace of professional solar installers.
This is definitely the industry to be in, in SA. We know people who own a company who imports solar equipment and he is literally raking in millions and millions of Rands