Apart from managing electricity demands in peak times and reducing appliance use, there are numerous other things that businesses & homeowners owners can do to save money on the cost of their power bill.
Solar energy is no doubt the most cost-effective energy alternative given the ever rising utility prices and the constant reduction in the cost of buying and installing solar systems. However, the challenge is that most people still don’t understand how solar energy can make sense for them in terms of savings.
The first thing one needs to have in mind is that electricity prices will never ever stay the same and they’ll never decrease on their own. On the other hand, there’s no cost to generate solar energy once you install solar panels on your property; The sun’s energy is free and will forever remain so.
Water heating consumes the biggest chunk of the average household’s electricity budget, consuming more energy than all other household appliances. But with solar energy, one gets to reduce this cost by a whopping 65%.
For instance, after installing a high efficiency solar water heater, a household’s power bill should go down by atleast 65% according to experts from Chloride Exide, the region’s leading batteries, solar & back-up systems solutions provider.
Think about this; if your current power bill is Sh 10,000, it should drop to below Sh 3500 after installing the panels. That Sh 6,500 solar savings means you’ll bank Sh 78,000 in one year; Sh 390,000 in five years; Sh 780,000 in ten years; and Sh 1.56 Million in 20 years. That’s money you would have normally given to the utility company for nothing!
ERC Regulations
Few homeowners are also aware that the Kenyan Govt recently passed a regulation that requires all households with hot water requirements exceeding 100 litres, be installed with a solar water heater. This is a home accommodating about two to three adults.
Ready To Start Saving
Chloride Exide technicians normally conduct a free site visit to determine how best to fit the system. For a home that already uses hot water, they do not expect major plumbing works. Nor do they expect major structural works, since the solar water heating system typically sits on the roof, which we neatly integrate into various types of roof structure.
The good news is that if you don’t have the funds available to purchase a solar installation. Chloride Exide have a flexible financing agreement with KCB & HFC banks to make your dream a reality.
With these solar financing options, you could have a solar array installed on your property for little to no money down and start saving money on day one.
Solar; Risk-free investment with major returns.
Ultimately, solar installation is a long-term investment and the advantages of solar energy extend well beyond electricity bill savings. A home installed with solar energy can also fetch you a much higher asking price when it comes time to sell.
