Why investing in solar and gas might be for you...
24/10/10
By:
Verslagspan
South Africans have been feeling the pinch as electricity prices continue to soar.
South Africans have been feeling the pinch as electricity prices continue to soar.
Eskom’s 2024/25 regulator-approved tariff increase recently came into effect, with electricity now costing 12.74% more. This follows an 18.65% increase in 2023, and Eskom is already signalling the likelihood of further massive hikes in the coming year.
With looming unpredictable increases, households and businesses are looking for ways to mitigate their escalating monthly electricity bills, and there is one clear solution: investing in alternative energy sources such as solar power and gas products.
“With the ongoing uncertainty around electricity prices, consumers are increasingly looking for ways to protect themselves against rising tariffs.
"Solar and gas solutions offer long-term stability and peace of mind in an environment where costs are becoming more unpredictable,” says Orlando Luis, CEO of Brights Hardware, a leading independent hardware retail chain.
The Case for Solar Energy
Solar power has become increasingly popular in South Africa, not only because it’s a sustainable, renewable resource but also because it offers long-term savings.
By installing solar panels, you can significantly reduce your reliance on the grid, cutting down your electricity bill.
While the initial capital outlay for solar solutions may seem daunting, it’s essential to consider the long-term return on investment.
“Many people are concerned about the upfront costs of solar installations, but what they often overlook is that financing options make it much more manageable,” says Luis.
“A very real benefit is in the predictability. Unlike electricity tariffs, which can increase unexpectedly, loan repayments for solar installations are fixed at agreed rates, which gives consumers more control over their household expenses.”
Added to this, the savings on the monthly electricity bill pay for the majority of the repayment on a solar loan.
After five years, when the loan is paid off, those solar panels are generating significant amounts of free electricity and making a real difference to household budgets.”
Gas Products: A Practical and Efficient Alternative
Alongside solar, gas products such as ovens, stoves, and geysers provide another highly efficient way to cut down on electricity consumption. Gas-powered appliances are becoming increasingly popular for their reliability, especially during power outages, and their ability to significantly reduce household energy usage.
“Gas is a great alternative for homeowners who are looking for both efficiency and affordability,” explains Luis.
Much like solar, the initial investment in gas products might seem high, but the long-term benefits far outweigh the costs.
The price of gas is typically more stable than electricity tariffs, making it easier to budget and plan for monthly expenses.
With the possibility of power outages, having a gas-powered solution also means uninterrupted cooking and hot water, providing peace of mind when the electricity goes out.
“Rising electricity prices take a big chunk out of already stretched household budgets, which is why we encourage South Africans to explore alternative energy solutions.
"Whether you're looking to install solar panels, invest in a gas geyser, or upgrade your kitchen with a gas stove, now is the time to make the switch.”
As the cost of electricity continues to rise, these investments are not only smart choices for the environment but also for your wallet.
The savings in the long run, combined with the peace of mind that comes from predictable energy costs, make solar and gas products a worthwhile investment.
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