South Africans experienced a record 200 days of load shedding in 2022, driving more people to install solar power systems in their homes and businesses to combat the impact of ongoing power outages. With an average of 2,500 hours of sunshine per year, solar power is a cost-effective and environmentally friendly alternative to mains electricity. Retro-fitted to an existing house, solar enhances both quality of life and property value. In addition, solar offers an existing government rebate on the purchase of solar panels and the possibility of selling surplus energy back into the national grid.
As the urgency to find alternatives to Eskom supplied electricity increases, there are now more innovative finance options for solar installations, such as home loan extensions, asset-backed financing, rent-to-buy options, and subscription-based solar. Hohm Energy is part of a new generation of solar providers that sources the best possible prices for its customers from a vast network of trusted suppliers and installers, and matches customers with leading finance institutions for the best structured deals. When financing a solar deal optimally, property owners can maximise potential returns on their investment by increasing the attractiveness of their property to buyers. However, it is crucial to find a solar provider that can ensure a smooth process and quality assurance of all components required for an optimally functioning system.
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