‘Are solar panels and batteries system worth the initial investment?’ ‘Are solar panels system worth it?’ A question South Africans are asking each other, researching, and inquiring about with Soliswatt.
“It makes absolutely no financial sense to keep paying for a resource like electricity that you can in fact generate for yourself with an asset that adds tremendous value to your property…”
With no end in sight for loadshedding and after experiencing more than 4472 hours without power, more and more individuals and businesses are considering the transition to renewable energy, and along with it, the question of whether installing solar panels is a sound financial investment. Our Soliswatt Specialists have the answer.
Cost of Solar Panels and Batteries System
Many would-be solar system users have been discouraged by the upfront cost of installation. Fortunately, Soliswatt offers an affordable home solar ( panels and batteries) solution, tailored to your financial capabilities and the solar system best suited to your home. However, over the past decade, the cost of solar panels and LFP batteries have seen a dramatic decline, making them more affordable than ever before. To encourage the installation of solar panel and battery, in an effort to reduce strain on the electric grid, government incentives, grants, and tax rebates have been announced. These incentives can significantly offset the installation costs and shorten the payback period of your solar panel and battery system investment.
After a NERSA approved tariff increase, the cost of electricity provided by the national provider is at an all time high of R2.779 p/kWh per household. In comparison, the cost of solar in populated areas such as Johannesburg, Pretoria, and Cape Town ranges between R0.9/Kwh and R2.7/Kwh.
Solar Energy In South Africa
South Africa is an ideal candidate for solar power generation. The country’s geographical location and climate create an excellent environment for solar panels to thrive, maximising their energy production potential. With ample sunlight throughout the year, harnessing solar energy can significantly reduce dependence on traditional electricity sources and mitigate greenhouse gas emissions.
Portable inverters are highly versatile. Their lightweight and compact design make them easy to move around, which can be helpful when moving homes. Their stable, clean power is beneficial for safeguarding sensitive electronic devices like computers, televisions, smartphones. Additionally, inverters operate quietly making them ideal in a residential area.
Energy Savings and Return on Investment (ROI)
Solar installation offers long-term energy savings. Generating electricity from sunlight means drastically reducing or even eliminating reliance on grid electricity. As utility prices continue to rise, savings from solar energy will become more substantial over time.
The payback period for residential and commercial solar installations often ranges between 5 and 10 years, and the system continues to function effectively for decades after that.
Are solar panels worth it?
Abundant sunlight, decreasing installation costs, and numerous government incentives make solar energy an attractive option for homeowners and businesses alike. The financial investment is worthwhile, and with Soliswatt’s residential solar solutions offering, it is even more affordable. By using solar energy, you can benefit from significant energy savings, a good return on investment, and the creation of a greener, more sustainable future country. Contact us to find out how!
