Electricity to rise by above inflation rates!!!
In this recently published article we read that the price hikes for electricity supply, will jump by above inflation rate until 2021. There is very little we can do to combat this other than reducing our need on electricity.
Whenever we come see a prospective client , we do a basic ROI (Return On Investment) calculation, to work out how quickly a Solar Water Heater actually pay for itself, We base this on your current electrical usage the system you are interested in and the savings based on confirmed price hikes. HOWEVER if this article is even slightly accurate our calculations is out by some margin.....
We work on 25% for 2011, and 25% for 2012, then on inflation based price hikes for the years 2013, 2014 and 2015.
You can see that this will make a huge difference on the payback period of a Solar Geyser.
You see Eskom introduce the Rebate system, to reward people for installing a Solar Geyser, but with the price hike skyrocketing , the only incentive will be to not be so dependent.
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