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Savings with solar water heating

Does it really make sense to switch to solar? Water heating counts for 40% to 60% of the monthly electricity bill. Accumulated cost savings with solar water heating are between 32,000 Rand and 47,000 Rand after only 5 years provided that electricity price increase is only 25%/year. Bearing in mind that the lifespan of our solar systems is 25+ years you will enjoy free hot water from the sun for more than 20 years.

For more details, please view this table:

Estimated electricity cost saving by using solar water heating (assuming 40% of electricity bill counts for water heating - electricity price increase 25% each year)

Current electricity bill R 800/month = R 9,600/year

Year Total electricity bill Rand Savings with solar (40%) Rand Accumulated savings Rand
 2009  9,600.00  3,840.00  3,840.00
 2010  12,000.00  4,800.00  8,640.00
 2011  15,000.00  6,000.00  14,640.00
 2012  19,500.00  7,800.00  22,440.00
 2013  24,400.00  9,760.00  32,200.00
 2014  30,500.00  12,200.00  44,400.00
 2015  38,000.00  15,200.00  59,600.00

 Accumulated savings after 5 years: 32,200.00 Rand!

Current electricity bill 1000Rand/month = 12,000.00Rand/year

Year Total electricity bill Rand Savings with solar (40%) Rand Accumulated savings Rand
 2009  12,000.00  4,800.00  4,800.00
 2010  15,000.00  6,000.00  10,800.00
 2011  18,750.00  7,500.00  18,300.00
 2012  23,440.00  9,380.00  27,680.00
 2013  29,300.00  11,720.00  39,400.00
 2014  36,600.00  14,640.00  54,040.00
 2015  45,750.00  18,300.00  72,340.00

 Accumulated savings after 5 years: 39,400.00 Rand!

Current electricity bill 1200Rand/month = 14,400Rand/year

Year Total electricity bill Rand Savings with solar (40%) Rand Accumulated savings Rand
 2009  14,400.00  5,760.00  5,760.00
 2010  18,000.00  7,200.00  12,960.00
 2011  22,500.00  9,000.00  21,960.00
 2012  28,100.00  11,240.00  33,200.00
 2013  35,100.00  14,040.00  47,240.00
 2014  43,900.00  17,560.00  64,800.00
 2015  54,900.00  21,960.00  86,760.00

 Accumulated savings after 5 years: 47,240.00 Rand!

 


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