Nedbank launches solar financing product

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Banking group Nedbank is partnering with Hohm Energy to finance and install solar power solutions in South Africa. The service will be offered to all homeowners, and won’t be limited to Nedbank mortgage clients, it said.

in South Africa. The service will be offered to all homeowners, and not limited to Nedbank mortgage clients, it said.

“The recent spate of intensive load-shedding has made life and work unpredictable and very difficult for most South Africans. Unfortunately, the consensus view is that load-shedding is likely to continue for at least the next five years and will probably get worse before it gets better.” “Solar energy systems have declined massively in price over the past few years, with some solar photovoltaic components reducing in price by up to 90% over the past 15 years,” he said.

 

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