Eskom has increased the rebate amount on a 300-litre Solahart solar geyser from R4 918 to R12 097.
In a memorandum to all Eskom Demand Side Management (DSM) participants, Eskom's solar water heating programme manager Cedric Worthmann said the drastic increase in the rebate amount is a result of increased pressure from government "for solar water heating to play a significant role in reducing the current electricity constraints".
According to the memorandum, the new rebate amount has been calculated to allow a five-year payback period.
"This calculation is done taking into account the average cost of systems, average savings per system, average electricity tariff rate and cost of capital at prime interest rate per system size," Wothmann stated.
This announcement follows reports that the National Energy Regulator of South Africa (Nersa) will hold five hearings this coming week to review Eskom's controversial 45% tariff increase application.
According to Selected Energy managing director Jim Hickey the latest news from Eskom is a confidence booster to all industry players.
"We have long been calling for a larger rebate," said Hickey.
"In the solar water heating industry we know larger rebates to be the most effective way of improving the uptake of solar water heaters in South Africa. We believe that this step will go a long way in relieving some of the supply pressures Eskom has been experiencing," he continued.
"With the latest increase in the rebate amount, paired with Eskom's proposed tariff increases I am confident that the payback period for a family of four will be significantly less than five years," said Hickey.
Eskom has increased the rebate amount on a 300-litre Solahart solar geyser from R4 918 to R12 097.
In a memorandum to all Eskom Demand Side Management (DSM) participants, Eskom's solar water heating programme manager Cedric Worthmann said the drastic increase in the rebate amount is a result of increased pressure from government "for solar water heating to play a significant role in reducing the current electricity constraints".
According to the memorandum, the new rebate amount has been calculated to allow a five-year payback period.
"This calculation is done taking into account the average cost of systems, average savings per system, average electricity tariff rate and cost of capital at prime interest rate per system size," Wothmann stated.
This announcement follows reports that the National Energy Regulator of South Africa (Nersa) will hold five hearings this coming week to review Eskom's controversial 45% tariff increase application.
According to Selected Energy managing director Jim Hickey the latest news from Eskom is a confidence booster to all industry players.
"We have long been calling for a larger rebate," said Hickey.
"In the solar water heating industry we know larger rebates to be the most effective way of improving the uptake of solar water heaters in South Africa. We believe that this step will go a long way in relieving some of the supply pressures Eskom has been experiencing," he continued.
"With the latest increase in the rebate amount, paired with Eskom's proposed tariff increases I am confident that the payback period for a family of four will be significantly less than five years," said Hickey.