South Africans could be paying over 26% more for electricity in 2018. Here’s how you can soften the blow.
Eskom recently announced that they want to increase their electricity tariffs for municipal customers by a whopping 26.9% from 1 July 2018. The National Energy Regulator of South Africa (Nersa) is reviewing the proposed increase and will announce its decision on 13 December 2017. If it gives Eskom the green light, it will be yet another blow to South Africans’ pockets.
The good news is that there are energy alternatives that can, in fact, help you to save money on electricity. It is now easier and more affordable than ever before for homeowners to become less dependent on the grid and to generate their own clean, free energy. In fact, a state-of-the-art, properly installed home energy system can help you to cut your electricity bill by up to 70% (and in some instances even more). So, make your home immune to yet another electricity tariff hike by powering yourself with efficient energy solutions.
Efficient energy solutions versus the new Eskom tariffs.
The question is: What will the state of your electricity bill be once the new Eskom tariffs kick in, and will these efficient energy solutions really make a difference?
Take a look at the graph below. Here you can see a comparison between four possible situations for an average household with a current electricity bill of R2 500. Each grouping represents different variances of energy efficiency and self-generation that range from having nothing installed, to owning a highly efficient water heating solution (from R31 365*[i]), a full home energy solution (from R110 399*) and being 100% off the grid (starting from R233 294*). The graph shows what the electricity bill would be in each of these scenarios before and after the suggested tariff hike. If the proposed electricity price increase comes into effect, the household that is fully dependent on the grid will be paying R3 125 by the middle of 2018. That equates to an extra R625 per month, which is money that could be spent on another bag of groceries every month, or invested in education or a savings account.
What is most apparent is that the household that installed a full home energy system will be saving more than R2 000 per month after the tariff hike. If you consider that this system can generate electricity for up to 25 years, the investment value starts to make a lot of sense.
There obviously is the question of affordability and if you, like most South Africans, have tightened your belt, you will be glad to hear that a home energy system is easier to afford than what you might think. Our systems are excellent investments and typically generate a return of 15% or more on what you have spent. We do, however, understand that not all homeowners have the cash on hand to purchase a system right away. That is why we offer three easy options for you to install an energy-saving system:
- Cash purchase: We offer best-in-class technology designed by our expert engineers and installed by our highly experienced teams. You can expect to pay competitive pricing for an investment that will not only save you a lot of money, but also add value to your home.
- Financed purchase: As a registered financial services provider, we can tailor-make a financed purchase that suits your budget and requirements. We aim to make your payment as close to your savings as possible, and after the agreed period the system belongs to you and will provide you with free electricity for another 20 years or longer.
- Performance Lease Agreement (PLA): You can lease a system from us at a rate determined by the energy generated and used by your household. With the only cost being a very low installation fee this is the easiest way to get a system on your roof and start sharing in the savings immediately. Many clients find that, thanks to their savings, they are soon able to purchase the system.
You can read more about Energy Partners Home Solutions’ smart energy solutions here.
To find out more about powering yourself, call Energy Partners Home Solutions on 0861 000 606 for a free, no-obligation home energy assessment or visit www.poweryourself.co.za.
Energy Partners, part of the PSG group of companies, has been helping some of South Africa’s most well-known businesses save on their energy costs for over seven years. Energy Partners Home Solutions, a division of Energy Partners, brings the same award-winning solutions to the residential and SME markets by combining state of the art energy efficiency technology, solar PV systems and expertise with Energy Partners Home Solutions’ own advanced products. By partnering with Energy Partners, clients can reduce their monthly electricity bills by 70%. For more information visit http://www.poweryourself.co.za/ or contact 0861 000 606.
[i] all prices stated are exclusive of VAT and estimates that do not include non-standard design, installations and specific requirements. Contact EPHS today to have one of our experts help you find out what a solution would cost you.