Carl Coetzee, the CEO of BetterBond breaks down how investing in solar could be good for your home.
Homes with solar can sell for 3% to 4% more than homes that do not, says Carl Coetzee, the CEO of BetterBond.
Regarding homeowners, from 1 March 2023, people who install rooftop solar panels are able to claim a rebate of 25% of the cost of the panels, up to a maximum of R15,000 – until 29 February 2024. Green features – including alternative power supplies – ranked in the top five of a recent Lightstone Estate Agent Survey of what buyers desire in new homes.
Major banks, like FNB and Standard Bank, enable customers to apply for a solar energy loan of up to 15% of their property value with new or existing home loans. According to the BetterBond CEO, experts in the solar field argue that the amount saved on electricity costs could cover the cost of the initial installation within five years.
Absa’s load-shedding finance calculator suggests that a household spending R2,500 per month on electricity would need over R190,000 to become fully off-grid.
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