Solar Power Price: What To Expect

For those of you that have been considering making the switch to renewable solar energy, let’s have a look at what the solar power price is currently sitting at in South Africa. Of course, there are a few variables that go into the pricing of our systems, but we hope this brief guide will provide you with a good sense of what to expect.

At Alumo Energy, we aim to provide our customers with only the highest quality solar technology, while keeping our prices as manageable as possible. Beyond exploring the solar power price, we will also examine a few of the impressive solar components we utilise in our systems and have a look at the reasons that our services and products are a step above the rest when it comes to solar technology in South Africa. 

Solar Power Price: How Much Does Solar Cost In South Africa?

The cost of installing a solar system in South Africa can vary greatly. Costs will vary depending on your home’s energy needs and can increase according to the number of components your property will require for the system to function efficiently. When you buy a solar system from Alumo Energy, you will have the option to buy your system outright, rent an energy system, or start out small and gradually build your system over time.

Is Solar Cheaper Than Eskom?

The short answer to this question is yes, it does end up being a far more affordable option for many reasons. Especially if you are looking at it from a long-term perspective – whilst the initial investment is indeed substantial, this can be recuperated fairly quickly in the amount of money you will save on your energy expenditure. Additionally, in comparison to other methods of working around load shedding, solar power is a significantly more cost-effective choice.

How Much Is A 5kW Solar Kit In South Africa?

A 5kW solar energy system from Alumo Energy will have a starting cost of R100 000. For a general estimate of the overall cost of a 5kW system, you will need to take into account the cost of the main components of your solar energy system. The system size is also dependent on the degree of reliance on the power grid.

How Much kW Is Required For A House?

A 5kW solar power system is usually the best option for most small to medium families living in average-sized homes – so long as they stick to running high-demand appliances like stoves, ovens, geysers, air conditioners, and pool or borehole pumps on a different circuit. 

The 5kW are very popular systems because they generate slightly more power than the average electricity bill. You will still be able to rely on grid energy when you need to, but your solar system will be sufficient for powering your home on sunny days. In short, 5kW of power should be enough for most households to get by so long as high-demand appliances are not needed during periods of no grid energy.

What Makes Solar Systems Great Long-Term Investments?

The initial investment involved in purchasing a solar energy system can seem daunting at first. However, if you think about it from a long-term perspective, it becomes an especially wise decision that comes with a number of financial benefits. The returns and savings over a significant period make it the kind of financial decision that will have you patting yourself on the back for many years to come!

To start with, solar energy systems receive energy directly from the sun, an ever-present and free source – this means that you will be able to substantially reduce the need to buy power from the grid. This is becoming more and more appealing, as energy prices continue to rise, and traditional grid energy becomes less reliable. 

With a solar energy system, you are far more shielded from these frustrating price hikes, and you receive some much-needed peace of mind moving forward.

So, as the savings on monthly electrical bills accumulate, there will come a time when you are simply profiting from the solar system you purchased. The time it takes to get to this point can vary, but on average it takes about five years to begin making positive returns. On top of this, there are also some government incentives involved when you make the switch to solar power. 

Another major benefit of installing your own solar system is that it increases the property’s value, setting your home a step above the rest in the eyes of buyers. There is a real variety of incentives to make the move to renewable solar energy; these are just the financial benefits we have covered so far!

Our Flexible Payment Options And How They Can Work For You

We have touched on some of the financial benefits that come with purchasing one of our systems outright, but if you decide that the initial investment isn’t financially viable for you currently, we have flexible payment options in place to work around this. Let’s have a look at what these options are and how they can benefit you.

Rent (With the option to own)

The ability to rent one of our solar systems truly is a game-changer. For those that are wanting the many benefits that come with solar power, without needing any large up-front investment, this is the way to go. 

At Alumo Energy, we are passionate about opening the doors to the limitless possibilities of renewable energy for as many individuals as possible. When renting a solar energy system, you can start benefiting immediately, and depending on what your energy costs typically look like, you can save yourself a lot of money going forward. For accurate savings estimates, check out the savings calculator on our website!

The rental process is a simple one – it works in a similar way to financing a car through a bank – we still own the system itself, but you are benefitting from it. However, quite unlike the bank, we conduct yearly maintenance of the solar system to ensure that everything is functioning perfectly over the course of your rental agreement. 

Additionally, with this flexible payment method, you have the choice of upgrading the system at any time you like. If a point arises where you feel you would prefer to own the system, you have the option to purchase it outright! Have a look at our website where we walk you through the four steps involved in securing your solar system rental. 

Expand-As-You-Go

This is another fantastic way of starting your solar energy journey! With this option, you can choose to purchase the battery backup system outright or rent it. Then you can build up your system as you go along, making upgrades that will ensure you are getting the most out of your system while remaining firmly within your budget. 

This allows you to start small and gradually decide on upgrades that align with your future energy usage requirements. We will also assist in monitoring your battery backup system and its performance – this way we can make recommendations and help you move your investment in the right direction.

Own

This option simply involves purchasing the system entirely and making the investment upfront. All in all, this is the most financially efficient way of switching to renewable solar energy. The process is remarkably easy – after you have decided on what kind of system you need, we send you a quote, you pay a deposit and then in no time at all, your brand-new solar energy system will be set up and ready to go! 

Owning a system is a much wiser financial decision in the long term in comparison to renting. We say this because, over the rental period of seven years, you will have spent more money than you otherwise would have if you bought it outright. 

 

Solar Power Price: Some Things To Consider When Deciding On The Perfect System For Your Purposes

Alumo Energy will assist you in figuring out what sort of solar system will work best for your household or business. However, it can’t hurt to understand how these decisions are made.

  • Understanding Your Energy Needs – This is always a great place to begin; try to get a good sense of your household’s electricity consumption. Look over your electricity usage over the last months to figure out your monthly electricity usage. This information is extremely useful in deciding on the size of the system you will need, to meet your power usage. 

  • Solar Evaluation – This may sound complicated, but all it is referring to is the process of figuring out the solar potential of your location. Of course, certain areas experience more sunlight and are better suited to solar panels. With that being said, South Africa is an ideal location for solar energy production, as we usually have sunlight in abundance.

  • Create a Budget – This applies mostly to those who intend to purchase their systems outright – draw up a budget for your new solar system. Figuring out how much you are able to spend will narrow down the options and make the decision easier. Remember that solar systems offer major savings long-term on your energy bills, so this is money that will come back to you over time. 

  • What You Want Your System To Do – Ultimately, you want the perfect renewable solar system that matches your needs and requirements. Do you want a full solar array? Or perhaps a simple battery backup is enough? Consider your needs and factor this into your decision-making process. 

Conclusion 

With some help from us, you can be set up with the perfect renewable solar system! Hopefully, this guide has filled in a few of the gaps regarding the expenses involved in making the switch to solar power. At times, it can seem like a complicated thing to begin, but we aim to simplify the process as much as possible. With Alumo Energy, you can rest assured that you are receiving only the highest quality solar technology and services. 

Don’t hesitate to contact us if you have any questions or need a quote, we would love to assist you!

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