Our News & Updates

May 16, 2014

Are Solar Panels Worth The Initial High Setup Costs?

There are so many benefits to solar panels it seems like the only real disadvantage is the initial setup cost. To that end it is important to take the time to understand the benefits of solar panels on a whole before making the decision whether they are right for you or not.

Electricity Bill Savings
The most obvious choice for solar panel installation is the amount you would save on electricity. Regardless of how big your installation is you will start receiving a smaller electricity bill from the very first month. Of course the amount you save is dependent on the amount you initially outlay into installing panels. The average rate at which solar units pay themselves off is around 5 years depending on the size of the installation. Once paid off you will reap the benefits of your electricity bill savings for years to come.

Environmental
A huge benefit of solar panels is that they are environmentally friendly. With so much of our energy being derived from the burning of fossil fuels, every little bit of renewable energy you can obtain from your solar panels is a step in the right direction to reducing carbon emissions. As an example an average family sized solar water heater will save in the region of 821 kg of coal, 2,07 kilolitres of water and 1,6 tonnes of CO2 per year.

Eskom Rebates
There are two ways to receive Eskom rebates. Firstly you can go to an Eskom approved supplier, they will claim the rebate from Eskom on the products you buy and you will receive the discount from that supplier, or you can apply for the rebate yourself and receive it roughly within eight weeks. This initiative has increased the number of solar panels being installed significantly; knowing one’s contributions to a cleaner environment and sustainable energy is being rewarded.

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Alisha

About Alisha

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