Beware of 20-year loans for solar power, says Standard Bank
Bank says consumers typically extend their home loans to fund 80% of the cost, but warns that isn’t fiscally prudent
12 April 2023 - 11:50
UPDATED 12 April 2023 - 23:03
Standard Bank says the average cost of installing a solar power system in one’s home is about R170,000, highlighting the effect that Eskom’s inability to provide a stable electricity supply is having on the pockets of consumers.
The figure is based on the spending patterns of at least 250 consumers who used Standard Bank’s LookSee platform to buy solar power systems...
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