Solar hot water systems give great savings each month, but the upfront cost can be a barrier to folks installing them. Cape Town City is planning to help with a scheme that allows residents to pay off the upfront cost with a small monthly fee added to the municipal rates account.
From the March issue of CityNews:
"The City will make it easier for residents to pay for solar systems. The Eskom subsidy will be used and residents will be offered a fixed repayment plan through their rates account, at a figure equivalent to the present electricity charges for water heating using a normal geyser."
Full marks to Cape Town for this excellent initiative - now please hurry up and get it launched.
If you can't wait, try the Teljoy option covered recently in Resource Mouse.
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