Power Electronics / Power Management


Rent-to-own solar

22 November 2023 Power Electronics / Power Management

No one is a fan of loadshedding, but what it has done for South Africa is to help accelerate our transition to cleaner energies, especially solar power. “With no end in sight to the electricity crisis in the country, many homeowners who want to install solar aren’t aware of the options that make getting solar an achievable goal in 2024,” says Ross Mains-Sheard, Co-Founder and CEO of Versofy SOLAR.

The size and capacity of your solar installation depends on the size of your house and your family, but even for the most modest home, the capital outlay for the panels, inverter and batteries can be substantial, and not everyone can buy a system outright.

“Versofy’s Solar-as-a-Service (SaaS) and rent-to-own packages put solar within the reach of more households, and come with full service, insurance and maintenance plans, making the upkeep and technical support for your solar system hassle-free,” explains Mains-Sheard.

Solar-as-a-Service is Versofy’s pure solar system rental product, where there is no ownership of the system, and installation, monitoring and support are included in the monthly cost.

Versofy also offers a rent-to-own option. The key here is the flexibility and options you have – you can either upgrade and keep renting the system, cancel the contract, or even transfer it to the new owners or tenants of your house if you’re moving.

For both Solar-as-a-Service and rent-to-buy options, the sign-up process is the same. “Before applying for either of these services, there are a few things that should be completed to ensure that applications go smoothly,” advises Mains-Sheard.

Ensure a good credit score

Your credit score considers how often one has applied for credit, including store cards, cell phone contracts, car financing and credit cards, and whether repayments are being made on time. Defaulting on monthly instalments may incur credit infringements against one’s name, thereby disqualifying that person from accessing further credit.

Calculate your affordability

Before applying, it’s a good idea to do a complete assessment of one’s own affordability. Solar system monthly repayments will closely mirror what is being paid in electricity bills. By maintaining good power-saving habits, reducing the dependence on the grid, and having backup battery power for use during the night and loadshedding, the electricity bill could be substantially reduced, to balance out solar payments.

Versofy SOLAR works with only approved installers, in addition to having its own dedicated customer support team to handle any queries and questions. “With Solar-as-a-Service and rent-to-own, Versofy SOLAR is responsible for its maintenance, so you can be assured that we supply only the best panels, inverters and batteries that make up the entire collection, storage and generation of solar power for your home,” he adds.

Versofy SOLAR is revolutionising the way South Africans access solar energy, even amidst challenging economic conditions and ongoing power shortages. With a simple application process, transparent requirements, and the assurance of quality service and maintenance, Versofy SOLAR is making the transition to solar a seamless, hassle-free experience.




Share this article:
Share via emailShare via LinkedInPrint this page

Further reading:

Rugged railway-grade DC-DC power modules
iCorp Technologies Power Electronics / Power Management
iCorp Technologies has introduced the AIPUPOWER ZCD100 and ZCD150 Series, a family of rugged DC-DC converters designed to meet the demanding electrical and environmental requirements of railway and transportation systems.

Read more...
Four-quadrant regenerative grid simulator
Conical Technologies Power Electronics / Power Management
The IT7900EP series high-performance regenerative grid simulator from ITECH is a full four-quadrant AC grid simulator capable of both sourcing and sinking power.

Read more...
90 W PSU with 150% boost capability
Brabek Power Electronics / Power Management
RECOM’s cost effective REFIN2U-S90/CL DIN rail AC/DC boasts a 90 W rating with a boost capability of 150% for 4,5 seconds to allow for surge loads.

Read more...
Standalone USB PD controller
Future Electronics Power Electronics / Power Management
The STUSB4531 from STMicroelectronics is a standalone USB Power Delivery sink controller designed to streamline the implementation of USB-C power negotiation in sink devices without requiring a full software stack on a host microcontroller.

Read more...
Power module enhances AI data centre power density
Altron Arrow Power Electronics / Power Management
Microchip’s MCPF1525 power module with PMBus delivers 25 A DC-DC power and is stackable up to 200 A.

Read more...
MIL-Spec DC-DC power converters
Vepac Electronics Power Electronics / Power Management
PowerGood has introduced a range of 15 W to 600 W military DC-DC power converters engineered for mission critical defence applications.

Read more...
Compact power MOSFET for high current switching
Future Electronics Power Electronics / Power Management
onsemi’s NTMFSC2D6N08X is a high-performance 80 V N-channel power MOSFET engineered for demanding switching and power conversion applications.

Read more...
DC link capacitors for demanding applications
RS South Africa Power Electronics / Power Management
TDK Corporation has announced the B3271xP series of DC link film capacitors, offering high thermal robustness for demanding automotive and industrial power electronics.

Read more...
N-channel power MOSFETs
TRX Electronics Power Electronics / Power Management
The TSM2N7002 series from Taiwan Semiconductor are logic-level N-channel power MOSFETs designed with low drain-source on-state resistance, reducing conduction losses and improving efficiency in switching applications.

Read more...
Smart power protection, simplified
TRX Electronics Power Electronics / Power Management
onsemi electronic fuses (eFuses) deliver integrated, intelligent protection by combining overcurrent, overvoltage, over-temperature, reverse polarity, and inrush current safeguards in a single compact IC.

Read more...









While every effort has been made to ensure the accuracy of the information contained herein, the publisher and its agents cannot be held responsible for any errors contained, or any loss incurred as a result. Articles published do not necessarily reflect the views of the publishers. The editor reserves the right to alter or cut copy. Articles submitted are deemed to have been cleared for publication. Advertisements and company contact details are published as provided by the advertiser. Technews Publishing (Pty) Ltd cannot be held responsible for the accuracy or veracity of supplied material.




© Technews Publishing (Pty) Ltd | All Rights Reserved