Manufacturing / Production Technology, Hardware & Services


Solar to the rescue amid Eskom tariff hikes

29 November 2024 Manufacturing / Production Technology, Hardware & Services

South Africans are starting to feel the pinch of the 12.7% electricity tariff increase, which came into effect on 1 July, the latest in a raft of double-digit hikes in recent years. In addition, City of Johannesburg residents who use prepaid meters now have to contend with a new R230 (including VAT) fee for network and service charges, irrespective of the number of units purchased.

Although the recent reprieve from loadshedding has given consumers some relief, high electricity prices are likely to continue for some time, with many expecting tariffs to double over the next five years. Localised outages, whether through ordinary faults or cable theft, are still a common occurrence, and until Eskom’s long-term issues are fully resolved, there’s still a possibility that intermittent loadshedding could return.

The decision to switch to solar energy is a sensible one to make, now more than ever. A good starting point is understanding how solar technology contributes to overall energy efficiency in residential homes. Foremost in most South African consumers’ minds is the reduction in electricity bills that solar power can provide. According to an economic bulletin published by the South African Reserve Bank, Eskom’s electricity tariffs have increased by around 450% since 2008, a figure that exceeds inflation by a substantial margin. The use of solar energy reduces the need for electricity from the grid, leading to significant savings on energy bills. Solar power also boosts a home’s energy independence by enabling homeowners to produce their own electricity as a safeguard against inevitable future tariff hikes. Residential solar power also supports the much broader goal of decreasing the country’s dependence on fossil fuels, a major contributor of the greenhouse gas emissions associated with climate change.

The news that solar panels will now incur a 10% import tax, in an effort to prioritise supporting the local market demand, may have some worried about the overall affordability of switching to solar. As a homegrown South African business, Versofy SOLAR has long championed local manufacturers. However, until local companies can compete with international manufacturers on a cost, quantity and quality perspective, it may be some time before the 10% import tariff achieves the desired effect. Versofy SOLAR remains committed to using the most trusted components and verified installers. The good news is that, in general, the cost of solar PV panels decreases more than 10% each year. In contrast, Eskom increases prices at a similar rate.

Of course, one of the major challenges to the mass adoption of rooftop solar power is the initial capital costs required to buy a solar system outright, which excludes many South African households from benefitting from solar power and the associated cost savings. This is where rent-to-own and Solar as a Service can help as it allows households to avoid the high upfront costs of solar equipment. Instead of purchasing a solar system outright, consumers have the option to pay a fixed monthly amount for the solar energy system to operate on their property, where everything, from installation to support, is covered in a monthly fee – making solar energy much more affordable and accessible for more people.

Beyond the immediate cost savings, we are quickly reaching the point where homes equipped with solar solutions are more economically viable than those without. Solar power adds to a property’s resale and rental value. While the exact resale value of a property depends on several factors, enhancing a property’s sustainability credentials not only reduces running costs but also increases its market appeal over the long term.

Forward-thinking solar providers are constantly looking at ways of enhancing and extending their offerings to value-added services that optimise a home’s energy consumption and solar energy utilisation. Installing a solar system is always a significant decision, making it essential to choose a knowledgeable and supportive solar provider who has an established track record and expertise, from recommending the right solar system and installation to post-installation support.

Ultimately, switching to solar energy is the most practical response to escalating electricity tariffs, and it has the added benefit of being an investment in a more sustainable, independent, and cost-effective future.

For more information contact Versofy SOLAR, www.versofy.com




Share this article:
Share via emailShare via LinkedInPrint this page

Further reading:

The ultimate range for design and repair
RS South Africa Manufacturing / Production Technology, Hardware & Services
Whether adapting existing systems or maintaining essential equipment, design and repair play a crucial role in ensuring efficiency and longevity.

Read more...
Next-generation SPI and AOI series
Techmet Manufacturing / Production Technology, Hardware & Services
Saki Corporation has launched its next-gen series for SPI and AOI featuring a modular design for enhanced inspection efficiency and automation.

Read more...
Yamaha’s Advanced Safety Package eases factory-safety
Truth Electronic Manufacturing Manufacturing / Production Technology, Hardware & Services
Yamaha Robotics SMT Section has extended availability of the Advanced Safety Package, which contains optional features to elevate printer and mounter safety above and beyond mandatory levels.

Read more...
Case Study: Siemens Valor automation solution
ASIC Design Services Editor's Choice Manufacturing / Production Technology, Hardware & Services
Electronics manufacturer BMK used Siemens Valor to enhance accuracy and speed up bill-of-materials quotations.

Read more...
The factory beat
Electronic Industry Supplies Manufacturing / Production Technology, Hardware & Services
Change is the only constant across today’s complex manufacturing landscape. The surge of digital transformation, spearheaded by Industry 4.0, has redefined how factories operate, build, and evolve.

Read more...
Reliable X-ray inspection system
MyKay Tronics Manufacturing / Production Technology, Hardware & Services
Inspecting long PCBs that are often used in sectors like telecommunications, automotive, and energy, where high reliability is required, presents several unique challenges.

Read more...
G-Tera high-speed SMT printer
Techmet Manufacturing / Production Technology, Hardware & Services
The new generation of automatic printing presses from GKG, the all-new G-Tera, is equipped with a 3,0-megapixel LIGHT-Bolt CCD camera, an upgraded conveyor system, and an enhanced printing system.

Read more...
Extending AI assistance in AOI
Yamaha Motor Europe N.V. Manufacturing / Production Technology, Hardware & Services
Artificial Intelligence is renowned for image recognition and classification skills, suggesting a great fit with the objectives of automatic optical inspection.

Read more...
Design & Repair range from RS Pro
RS South Africa Manufacturing / Production Technology, Hardware & Services
The launch of the new RS PRO Design & Repair range caters to a wide array of industries, including discrete and process manufacturing, energy & utilities, facilities management, and intralogistics.

Read more...
The successful development of PCBWay’s 24-layer, 6-order arbitrary interconnection HDI PCB
Manufacturing / Production Technology, Hardware & Services
[Sponsored] The so-called interposer PCB is a highly precise, high-layer arbitrary interconnection HDI PCB that serves not only as a critical component for connecting and integrating different electronic components, but also acts as an intermediary layer for chip connections.

Read more...