Click here to get quotes on a financed solar system from LookSee<\/strong><\/a><\/li>\n<\/ul>\nThis makes installing a solar and battery system an incredibly smart investment that will pay for itself several times over – even if Eskom fixes the national power grid.<\/p>\n
We outline the benefits of investing in a solar and battery system, below.<\/p>\n
Reduced power bill<\/h3>\n
Beyond the obvious advantage of having electricity during load-shedding, a solar and battery system offers savings on your monthly electricity bill.<\/p>\n
Electricity prices have skyrocketed in South Africa over the past few years, with the most recent tariff hikes in April 2023 amounting to a huge 18.65%.<\/p>\n
LookSee\u2019s Executive Head, Marc du Plessis explains: \u201cWith a solar and battery system, you can reduce your reliance on Eskom\u2019s grid and avoid these massive increases in the years ahead.”<\/p>\n
“As an example, a 5kW solar system could save you around R1 690 on your monthly electricity bill or R20,280 a year at the current average electricity tariff. If electricity prices are increased by just 15% next year, your annual savings increase to about R23,000.\u201d<\/p>\n
Increased property value<\/h3>\n
A solar power system will also add significant value to your home.<\/p>\n
Home buyers know that solar power systems save them money every month and will be willing to pay more for a house that affords them this luxury.<\/p>\n
Therefore, you shouldn\u2019t look at a power system as an expense \u2013 rather, it is a long-term investment into the value of your home.<\/p>\n
Blackouts<\/h3>\n
If load-shedding becomes a thing of the past, this does not necessarily mean the end of power outages in South Africa.<\/p>\n
Power infrastructure vandalism, harsh weather, and human error can all lead to extended blackouts in certain areas.<\/p>\n
With a solar and battery system, you won\u2019t need to worry about this and can go about your day knowing that your power supply is stable and reliable.<\/p>\n
Solar affordability<\/h3>\n
For those that are considering a solar installation, the time could not be better.<\/p>\n
Du Plessis explains: \u201cThe prices of solar panels and batteries has dropped considerably since the beginning of the year with some components costing as much as 20% to 30% less.”<\/p>\n
“Households can also claim a 25% tax rebate of the cost of qualifying solar panels up to a maximum of R15,000 through National Treasury\u2019s Home Solar Tax incentive if they are brought into use before 29 February 2024.\u201d<\/p>\n
Choose LookSee Solar Loans<\/h3>\n
LookSee\u2019s new Solar Loan offering, launched in partnership with the Government Energy Bounce Back Loan Scheme, offers an affordable way to install a solar and battery system in your home.<\/p>\n
LookSee is a part of the Standard Bank Group and offers solar loans at vastly lower interest rates \u2013 personalised up to a maximum of Prime +2.5% on loans ranging from R3,000 to R300,000.<\/p>\n
This is substantially lower than the average Prime +7%. Additionally, the loans can be paid off with a flexible plan of between 12 months and five years.<\/p>\n
Should you choose to pay your loan off early, you will also enjoy reduced interest payments \u2013 so click here to apply for a solar loan from LookSee.<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Installing a solar and battery system through a loan from LookSee is an excellent investment that will keep providing value long after load-shedding ends.<\/p>\n","protected":false},"author":57,"featured_media":723300,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10459],"tags":[13718,18640],"class_list":["post-723292","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news","tag-looksee","tag-sb-looksee"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/723292","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=723292"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/723292\/revisions"}],"predecessor-version":[{"id":723304,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/723292\/revisions\/723304"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/723300"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=723292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=723292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=723292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}