We calculated the net gain or loss homeowners would get from installing a R200,000 solar system for a range of home values based on estimates from Only Realty.
“A lot of people are thinking that it might be a little bit more than that and that this is a conservative estimate. It could actually be up to 8%,” she said.
We found that when using the least optimistic figure of 3%, installing a R200,000 solar backup would only be worth it for homes valued at R7 million and above. Using the most optimistic figure of 8%, South Africans with homes valued at R3 million or higher see a net gain over the solar installation cost.
It should also be noted that the cost of a solar or inverter installation will probably increase for larger, higher-valued houses as they will likely have higher energy requirements. “Interestingly, a lot of sellers are interested in trying to find ways that they can put their property ahead of the pack, and solar is one of them.”
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