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:

High-precision current transducer
Power Electronics / Power Management
Danisense announces its new high-precision DP12IP current transducer designed for isolated DC and AC current measurement in demanding PCB-mounted power electronics applications.

Read more...
Secure holder for protected 18650 batteries
Power Electronics / Power Management
Designed for protected 18650 batteries up to 70 mm long, the holder offers secure retention for portable, industrial, and embedded applications.

Read more...
More room to scale
Altron Arrow Power Electronics / Power Management
With the latest STM32H5 lines from STMicroelectronics, you can now scale within the same platform, from a compact 1 Mbyte device to higher-memory MCUs for graphics-rich and feature-heavy designs.

Read more...
Surface mount power amplifier for high-power applications
RF Design Power Electronics / Power Management
The GNA-63-5W+, from Mini-Circuits, is a GaN MMIC Power Amplifier (PA) designed for demanding RF applications requiring high efficiency, excellent linearity, and a compact footprint.

Read more...
1200 V QSiC modules
Power Electronics / Power Management
SemiQ Inc has launched the QSiC Dual3, a family of 1200 V half-bridge MOSFET modules for motor drives in data centre cooling systems, grid converters in energy storage systems, and industrial drivers.

Read more...
MCOTS transient filter for military applications
RFiber Solutions Power Electronics / Power Management
SynQor has announced the new MCOTS-F-28-T-HE transient half-brick filter, the latest addition to its MCOTS product family.

Read more...
Expanded range of high-thermal-performance QSiC modules
Power Electronics / Power Management
SemiQ’s half-bridge series for data centre power converters and industrial motor drives features low RDSON SiC MOSFETs and parallel SBD diodes for best-in-class power density and conversion efficiency.

Read more...
Transporting lithium batteries and IoT devices
Power Electronics / Power Management
With billions of rechargeable and non-rechargeable lithium cells and batteries powering most of the world’s consumer and industrial electronic devices, shipping them to customers through vast global logistics chains is often an overlooked topic.

Read more...
Setting a new benchmark for high-power DC load testing
Conical Technologies Test & Measurement Power Electronics / Power Management
The new ITECH IT8900G/L high-speed, high-power DC electronic load offers a powerful combination of speed, scalability, precision and high-power density.

Read more...
Quality batteries are critical for IIoT
Uniross Batteries Power Electronics / Power Management
Batteries intended for use in industrial operations must indeed offer complete reliability under extreme environmental conditions, resistance to vibration and harsh environments.

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