Tired of waiting for government or parastatal intervention, Teljoy Solar has made the decision to move ahead and introduce the multi-million-rand Teljoy Solar Green Credit to allow consumers to use the country's brightest asset - the sun - to heat their water and cut their electricity bills by up to 50%.
Thanks to the recent 31% price hike many electricity users are feeling the pinch resulting in Teljoy Solar seeing overwhelming interest by consumers wanting to install solar hot water heaters. However, in this present economic climate, many householders have difficulties raising finance to install systems.
This prompted Teljoy Solar to offer its own Green Credit. Starting from R249 a month over a period of 48 months, and a R2500 down payment, consumers can fit solar to their geysers. This monthly payment would be significantly offset by lower electricity bills as heating water accounts for between 30 to 50% of household electricity usage. After the 48 months, there would be virtually no ongoing cost for the system but the saving on hot water would continue and the system should last for between 10 and 15 years. Obviously, further electricity rate hikes will mean greater savings.
Where Eskom rebates are applicable, they will accrue for the benefit of the customers and Teljoy will assist the customers to apply for those rebates.
