ENERGY
Loadshedding survival - will solar power increase the value of your home ?
By Editorial
Stage 6 loadshedding is now firmly in effect , many South Africans are without power for up to 12 hours each day , and the threat of Stage 8 blackouts loom large on the horizon . It ’ s no wonder then that many households are turning to ‘ off-grid ’ power sources to keep the lights on and return to some semblance of normality .
“ Solar power has emerged as the most popular alternative energy option due to its relatively quick installation , soundless efficiency ( unlike a noisy generator ), its environmental benefits and the prospect of lower future energy bills ,” explains Grant Smee , property entrepreneur and Managing Director of the Only Realty Property Group . “ However , the upfront costs associated with solar installation may be prohibitive for the average middle-class homeowner , with options ranging between R59 000 to R289 000 according to pricing from solar provider Solana Energy .
“ Luckily , the increased popularity of solar power has given rise to a variety of innovative financing options to make solar more accessible and more affordable .”
66 FEB 2023 SA Real Estate Investor Magazine