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Johannesburg - The current enormous hike in refunds on new solar hot water heater (solar geysers) - followed by the energy authority's approval of power rate increases over the next three years - have made a pretty strong case for getting one. Reference , which vary according to energy efficiency and the hot water volume of the water heating systems, have in lots of cases more than doubled.
The total installation cost (including the system, a time switch, VAT and an electrician's certificate of compliance) might set the buyer back some R35 500. After the rebate is paid, the brand-new owner needs to recover the remaining R23 403 within a number of years with the cash saved money on electrical power bills.
On an Xstream 300-litre system, provided by Atlantic Solar Heaters and produced in Paarl, the refund has actually gone up from R5 722 to R9 566. The system's total setup costis R24 500, leaving the client R15 000 out of pocket - which the company says ought to be recovered through power cost savings within 3 years.