Funding solar panels

Are you ready to be part of the growing community of South Africans who have chosen solar energy? Together, we can drive the transition towards a more advantageous and profitable future. In South Africa, there are various subsidies available, making the transition to solar panels more attainable. However, even without these subsidies, embracing the power of the sun - an abundant source of renewable energy - is the right move towards a sustainable and cost-effective future. Allow us to tell you more about financing solar panels.

Subsidy on solar panels

As an individual in South Africa, you are eligible for several subsidies, which should make it attractive to switch to solar energy. Major municipalities across South Africa are allowing commercial and residential property owners to feed renewable energy back into the power grid. Primarily, these are the Residential Rooftop Photovoltaic (PV) Programme. This programme offers subsidies and net metering to residential consumers who install grid-connected photovoltaic systems. Net metering allows excess electricity generated by the solar panels to be fed back to the grid, resulting in a discount on the consumer’s electricity bill.

Net metering of energy compares the solar energy generated by your solar panels during the year, and streaks it against the electricity you take from the grid. This means that thanks to solar panels, you start saving money from day one, and your investment in solar energy becomes more interesting.

NERSA regulations 
The National Energy Regulator of South Africa (NERSA) regulates net metering in the country, and in order to qualify, owners of PV systems will need to go through an approval process:

• Must have a renewable energy system that meets the regulations and standards set by NERSA.

• Having a bi-directional meter installed by a licensed service provider.

• Complying with all the technical requirements of the net metering system