Nedbank has announced a partnership with Hohm Energy, in an effort to start offering solar installations around South Africa. Nedbank is offering potential customers financing solutions to get your house solar-powered sooner, rather than later. And the best part? Nedbank has said that the new offer won’t only be limited to Nedbank mortgage clients, but to all homeowners.
You get solar! You get solar! Everybody gets solar!
Nedbank believes that its past solar offerings have made life simpler for its own home loan clients. Those offer the ability to fund solar installations through either readvances or further loans on mortgage bonds. But that’s old news. Now, Nedbank is offering everyone the ability to go on their own – and outrun the scourge that is Eskom.
“Our new asset-backed solar finance solution, provided through MFC, is available to anyone wanting to install a solar energy solution on their property, no matter who their mortgage bond is with, or even if their property isn’t bonded at all,” Nedbank said.
The banking group believes that load shedding isn’t going to end any time soon. Nedbank wants to help everyone move as far away from Eskom as possible. Even if you’re not able to get completely off the grid, a solar solution should help, at least a little.
“The recent spate of intensive load-shedding has made life and work unpredictable and very difficult for most South Africans.”
Ciko Thomas, group managing executive in Nedbank Retail and Business Banking believes the ability to dodge load shedding has dropped in price in the past few years. They’re still pretty expensive, mind you.
“Solar energy systems have declined massively in price over the past few years, with some solar photovoltaic (PV) components reducing in price by up to 90% over the past 15 years,” Ciko said.
Read More: Makro South Africa to offer power walls and full solar installations from August 2022
He went on to say that homeowners looking to make the upgrade don’t require a property valuation to get in the door. Unlike before, when property valuations were an essential step to applying for either a readvance or loan. The partnership with Hohm Energy means Nedbank can deliver a clean solution to its customers.
“We have elected to team up with trusted energy partners Hohm Energy, who will help our clients with expert guidance through the entire process of assessing their energy requirements, finding a solution that fits their needs, overseeing the installation and providing after-installation support,” he said.
If a solar-powered house sounds like something you want to get in on, then check out Nedbank’s page.