Interested in purchasing a hybrid inverter? Look no further than Alumo Energy – we have plenty in stock. This new piece of solar technology is basically an incorporation of a traditional solar inverter as well as a battery inverter. Hybrid inverters are the newest solution for those who want to install a solar power system while keeping the possibility of upgrading it in the future open as well. Read further to explore what exactly hybrid inverters are and how they compare to battery and traditional inverters.
Hybrids Inverters Compared To Their Alternatives
The main differences between hybrid inverters, off-grid inverters, and grid-tied inverters is mainly based on how functional they can be. Off-grid inverters are designed to work with energy storage and provide energy resilience, especially when compared to traditional grid-tied inverters which are used for converting solar energy into the grid or to be used immediately.
Grid-tied inverters don’t have energy storing capabilities and inverters rely on a stable connection to the grid to be able to import electricity when needed. A hybrid inverter, on the other hand, combines the features of a grid-tied solar inverter and an off-grid inverter into one affordable and smart charging electricity routing unit. The hybrid inverter means that a separate battery inverter is not necessary as it functions as both an inverter for electricity from/to your solar panels and batteries.
Hybrid Inverters Are Suited To South Africans
With South Africa’s unique energy landscape and challenges, it’s easy to see why hybrid inverters are a great option. Read further to explore how hybrid inverters are beneficial to South Africans.
Hybrid Inverters: Grid Instability and Energy Reliability
Load shedding is not a foreign concept to any South African, and unfortunately it’s most likely here to stay. With constant load shedding and occasional power outages, a constant and reliable power supply is needed all over the country. Hybrid inverters with battery storage provide the perfect solution by ensuring continuous electricity availability, even during grid power outages. They provide the right amount of energy needed, allowing you to continue your day as you would normally, without having to worry about the daily load shedding schedule.
Hybrid Inverters: Maximising Renewable Energy
With South Africa’s abundance of sunshine throughout the year, solar power is a viable and sustainable energy source which should definitely be considered by the population. With the popularity of solar power rising in the country, hybrid inverters allow homeowners to utilise this solar energy by storing the excess electricity in batteries for use during the evening or cloudy periods when solar energy cannot be harvested. Not only does this reduce reliance on the grid and lower electricity bills, but also contributes to the sustainability of your solar powered home.
Hybrid Inverters: Energy Cost Management
When excess solar energy is generated during the day, hybrid inverters help to store it in batteries, allowing you to use the energy during the evenings, which is when electricity tariffs are higher than usual. This helps lower your electricity bill and save significantly on electricity costs.
Hybrid Inverters: Environmental Benefits
With environmental challenges being prominent all over the world, we are all expected to play our role and show consideration for the environment. Hybrid inverters contribute to this care and offer clean, green solutions to our current energy crisis.
Hybrid Inverters: Solutions That Are Flexible
With the ability to operate in grid-connected mode, grid-independent mode, or hybrid mode, hybrid inverters offer great flexibility and can be adjusted according to your needs! With hybrid inverters, you can customise your energy solutions to suit your circumstances, allowing you to choose when you want to use grid energy and when you want to use solar energy.
Hybrid Inverters: Electricity Cost Predictability
Due to South Africa’s struggle between supply and demand of energy, having hybrid inverters not only reduces your costs, but also creates a system where homeowners can predict their energy costs. When hybrid inverters are paired with battery storage systems, you can choose when to use your inverter, as well as store energy and use it when needed. This allows you to rely on solar energy during times when electricity prices increase.
Are you weighing hybrid inverter vs totally off grid? We can help!
Hybrid Inverters: South African Government Incentives
The South African Government has introduced various incentives to promote the adoption of renewable energy, making the installation and purchasing of hybrid inverters and solar powered systems more financially affordable for a bigger portion of the South African public. Read further to learn about the incentives offered to the South Africans which make of use solar-powered energy in their homes and businesses:
Expansion of the Renewable Energy Tax Incentive
Taxpayers who are conducting businesses will be able to claim a 125% tax deduction (in the first year) for qualifying capital expenditure in respect of all renewable energy projects with no threshold on generation capacity. The Expansion of the Renewable Energy Tax Incentive is available for two years (ending before 1st March 2024) and applies to investments in renewable energy projects brought into use for the first time on or after 1 March 2023.
Energy Bounce‐Back Loan Guarantee Scheme
Launched in early 2023, the Energy Bounce Back Loan Guarantee Scheme (EBB) is an initiative aimed at working towards alleviating the negative impact of continual difficulties resulting from South Africa’s unreliable power supply on small businesses and households. The EBB aims to generate 1000 MW in additional generation capacity during the next 12 months as well as facilitate resilience to loadshedding for micro and informal businesses.
The EBB is a complementary intervention to the tax measures announced in the 2023 Budget Speech; therefore, applicants may apply for both tax and EBB measures. Unfortunately, the EBB will terminate on 30 August 2024. It works through three mechanisms which are discussed below:
Loan Guarantee for Rooftop Solar for SMEs and Households’ Investment
This mechanism will facilitate loans to Small and Medium Enterprises (SMEs) and households for investments related to rooftop solar generated energy. This investment includes solar panels, batteries, inverters, and other installation related costs. This mechanism will also allow for loans to purchase resilience assets like small portable batteries for businesses only.
Loan Guarantee for Rooftop Solar for Energy Service Companies (ESCOs)
This mechanism will facilitate loans to ESCOs who provide leasing, instalment sales, and power purchase contracts to SMEs and households. This mechanism will allow businesses and households to switch to ESCO service providers for more reliable and cleaner energy without the need for loans to finance the full upfront costs of rooftop solar equipment themselves.
Support from the EBB, which will be provided to the ESCO’s to enable them to scale up and expand leasing services to households and small businesses, will require ESCO’s assessing the individual needs of households or businesses, the implementation of a suitable solution and the conclusion of a leasing, instalment sale, and power purchase contract between the ESCO and applicant.
Working Capital Loans for Businesses in Rooftop Solar Supply Chain
This mechanism will facilitate working capital loans for those businesses that supply rooftop solar to meet increased demand. This mechanism will help increase the supply of rooftop solar solutions allowing businesses to source rooftop solar equipment with minimum delays.
In addition to the mechanisms above, the National Treasury and the Industrial Development Corporation (IDC) are working to expand funding for new ESCO’s through additional financing Issued by the National Treasury and the South African Reserve Bank 3 Answering your questions about the Energy Bounce‐Back Loan Guarantee Scheme instruments.
This will ensure a competitive and transformed landscape for ESCO’s. Details of these instruments will be provided later by the National Treasury.
Conclusion: Choose Hybrid Inverters from Alumo Energy
If you have never considered purchasing hybrid inverters before, now is the perfect time! Get your hybrid inverter from Alumo Energy and keep up with modern times. Not only does this solar investment benefit your bank account in the long run, but it also benefits the environment, and gives you access to energy at all times. Contact us for more information on hybrid inverters and other energy equipment.