Self-generation pays, and businesses, industry, farmers and households that switch to solar are seeing notable savings, writes Deepak John
Self-generation pays, and businesses, industry, farmers and households that switch to solar are seeing notable savingsDuring his state of the nation address, President Cyril Ramaphosa gave the clearest indication to date of the government’s commitment to the renewable energy transition and to making it as easy as possible for businesses, industry, farms and households to generate their own power through what he calls “self-generation”.
Self-generation pays, and businesses, industry, farmers and households that switch to solar are seeing notable savings on their energy bills, and solid returns on investment. However, with regular load-shedding confirmed for the next two years, more SA customers with solar PV systems are also investing in generators. This means that they use the savings they are accruing on their energy bills to offset the cost of running generators.
The options for financing self-generation systems have grown exponentially in recent years. Businesses, farms and households seeking to generate their own power, now have access to a range of financing options, which include friendlier debt finance from commercial banks, PPAs, and online crowdfunding or investing platforms.
Over recent years, municipalities around the country have been putting in place rules and regulations, export tariffs and standards to allow customers to self-generate, and to get paid for feeding excess electricity into the grid. In terms of feed-in tariffs , the principle that seems to be guiding most municipalities is that grid-connected projects should be net consumers of grid electricity over a 12-month period.
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