[Promoted] Your guide to solar financing
To explain, gigawatt hours is a measurement of the volume of electricity that is load shed. When there is 1 hour of stage 1 load shedding, we experience 1 Gigawatt hour of load shedding.That is just looking at how load shedding has gone up until the end of last year. If we were to make an analogy about the amount of load shedding experienced over the last few years.
If last year we went like a rocketship into the lower atmosphere, this year we are going like an Elon Musk Starship. We really are in uncharted territory in South Africa when it comes to the escalation of load shedding over the last year. What is interesting to note is that this load shedding will occur over not just one general election cycle, but two. With load shedding projected to still be with us for the next 10 years as outlined recently by the CSIR.
That means that you can start with power and battery backup for your most essential electrical needs and expand later on. Additionally, with the rest of the country looking like it will follow Cape Town’s example, you will also get paid for feeding back into the grid in the near future. With the financing being organised through MFC, anyone who’s ever financed a car should be familiar with how it works.
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