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Sell Back To The Grid

Sell Electricity Back To The Grid

Generate income by selling surplus electricity back to the grid through solar power. As an increasing number of households choose solar energy as a solution to Eskom’s persistent load shedding issues, there’s a growing interest in leveraging solar installations for long-term financial gains.
Cape Town has become the inaugural metropolitan area to purchase surplus solar photovoltaic (PV) energy from small-scale producers, offering them municipal bill credits and cash in return. From the beginning of the 2022/23 fiscal year until April 1, 2024, businesses and households have collectively garnered more than R30.8 million, primarily through municipal bill credits.

Solar energy installation can come with a significant price tag. Expenses for site assessment, solar design, planning, installation, and certification can easily amount to thousands, not including the cost of the solar panels themselves. InPower Solar simplifies this process, alleviating the burden of navigating solar power installation for enhanced convenience.

The most advantageous method to capitalize on your solar panel investment is by participating in net metering, where surplus electricity generated can be sold back to the grid. This mechanism enables residential properties and businesses producing their own solar energy to contribute excess power to the grid, earning credits against their electricity consumption and reducing their monthly bills. Over time, savings from solar panels accumulate, typically leading to a “payback” period of three to eight years, especially with financing options spanning around six years.

Consider this scenario: If your monthly solar installation cost is R3000, and you generate a net gain of R3000, your monthly solar expenses would effectively be zero as the net gain can cover the solar energy system expenses. Once the installation is fully paid off, you can start benefiting from the additional R3000, essentially profiting from solar energy.