LifestyleProperty Trends

Can we afford not to consider cleaner, greener solar energy for the home?

17 August 2021 | Insights Team

With the coldest winter in a decade practically behind us and spring almost here, many of us are looking forward to packing away those electric blankets and heaters and turning our attention towards the sunny summer season ahead.

However, with Eskom’s annual winter price hike still fresh in our minds and perpetual on-again-off-again load-shedding part of the daily grind, shouldn’t we be looking for alternate solutions to the ongoing energy problem? Can we instead look upwards to our sunny blue skies to find a greener and more sustainable solution? Can we really afford not to consider solar energy for the home?

The sun is sustainable, renewable and abundantly available

Given that solar power is a sustainable, renewable energy resource and our country is blessed with abundant sunshine almost all year round, it is a no-brainer in terms of the benefits and cost-effectiveness. Solar power is widely regarded as a far better alternative to hydro and coal-powered electricity.

If we look at the main sources of electricity consumption in our homes the usual suspects quickly top the list: geysers, stoves, fridges, washing machines, tumble driers, dishwashers, the list goes on. All these trappings of our modern lifestyle that greedily gobble up our electricity budgets.

Can I afford to go solar?

Well, that depends. Every home has its own specific consumption requirements, so the costs of installing solar will vary from one system to the next. Conversion can be costly as the bulk of the cost is incurred upfront. However, once the initial investment is made, you will be able to enjoy both a more sustainable lifestyle and the savings on your electricity bill will gradually offset the initial outlay. 

Do your homework

Many different offerings are available today in South Africa, ranging from hybrid to off-grid and grid-tied. Broadly speaking the cost of a solar power system can range from around R60,000 to more than R200,000, depending on your home’s energy requirements and size. However, with an estimated 90% drop in solar power costs since 2000, it is essential that you do your homework thoroughly before settling on a reputable supplier and high-quality components. Then sell your excess solar power back to the government and enjoy the eco and financial rewards for years to come.

Read more:

Tired of Eskom? Here is what the solar alternatives will cost

A Beginner’s Guide to Installing a Solar Power System

Solar Geyser Prices in South Africa

Insights Team

We're the "thinking arm" of Leadhome, combining expertise in data analysis, modelling, sociology, geography, and philosophy to interrogate current trends in the South African residential property market. Proudly contemplative since 2015.

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