Lenders have several options when advancing loans for rooftop solar.
There are many funding options available for rooftop solar, as many South Africans try to escape Eskom’s embattled power supply.
However, the initial capital costs will likely be exclusionary without funding assistance, and lending institutions will have a crucial role in helping businesses install and operate rooftop solar. Although their analysis looks mainly at lenders, the securities listed also give valuable information to borrowers.A special notarial bond comprises real security in the mortgaged property as if it had been expressly pledged and delivered to the holder of the right.
Therefore, the special notarial bond can only be registered when the installation of the rooftop solar is completed. However, in the absence of attachment of the property, the lender is not a secured creditor of the borrower in a general notarial bond.
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