Reduce Your Electricity Bill With a Solar Geyser
It is a well-known fact that water heating uses the most energy when it comes to electricity usage in the home. Traditional electric geysers make up 40% of the average household’s water bill. Eskom’s prices have also been on the rise, it’s only a matter of time before we see another steep price increase.
Reduce Your Electricity Bill
All is not lost, Solar Geysers provide a way reduce your electricity bill and lower your carbon footprint. Solar geysers cost more to install than an electric geyser, but the electricity savings make it more cost efficient in the long run. 90% of days in South Africa are sunny. This makes us one of the most solar rich nations globally.
Estimating the Savings
When it comes to Estimating the savings it will depend on the following:
- How much hot water you use
- The performance of your Solar Geyser
- Geographic location
- Your local climate
- The direction and position of the system on your roof
- Financing and incentives
- The cost of your electricity
The average household will see a 60-80% reduction in their heating bill. So, if the average household uses 40% of their electricity for water heating requirements. Having a solar geyser installed will save you 30-40% of your overall electricity consumption. The calculator below can give you an indication of how much you could be saving based on your average monthly bill.
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The Cost Of Installing A Solar Geyser
The cost of a water heating system installation will depend on a number of factors. The quality of the system, size of the tank and number of collectors required to meet your household’s needs. a 200l Solar Water Heating system can cost between R15,000-R25,000 (installed)
The good thing is that with the electricity savings you will be making, the system will pay for itself in 4-5 years. What’s more if you cannot pay that in full there are many companies who are offering loans and finance for Solar Geysers. Greenfin are one such company offering finance for alternative energy solutions.
It’s not only the financial gain of having solar water heating, you will also be reducing your carbon footprint. Solar Water heating can reduce your carbon footprint by 3 tonnes per year per household. With all of this in mind, it would almost seem silly to not have a solar geyser installed.
Tell us your story of how much you’ve saved since you installed your solar geyser below.