As per the energy specialists, the demand for energy is projected to increase substantially in the upcoming months with the onset of winter. This could lead to a surge in demand up to 37,000MW, which is quite concerning for load shedding.
In the luxury housing market, backup power systems, such as inverters with batteries and even solar power installations, are no longer considered an "optional" feature but rather a "standard" one. Agents report that high-end buyers anticipate these systems being in place and included in the asking price when viewing properties.
Despite the increasing electricity prices and levels of loadshedding, as well as the growth of home businesses and working from home, it appears that the expectation of home solar is not yet widespread in the rest of the market. However, as electricity prices continue to rise and the demand for energy sources continues to increase, this could soon change. Homeowners are beginning to realize the benefits of backup power sources, such as providing a steady stream of electricity during outages and reducing their monthly electricity bills. As a result, more households are beginning to invest in solar systems and other renewable energy sources.
The South African building regulations require newly constructed buildings to have a standard level of alternative energy usage, and this amount is anticipated to grow due to alterations in the power production and electricity distribution regulations. This is likely to provide households with the capacity to produce more renewable energy and to transfer any excess to the national power grid.
Recently, the number of companies that install backup power systems made up of inverters and storage batteries has skyrocketed. These systems are fairly affordable, and if people choose to be completely independent of grid electricity, they can be connected to solar panels. This would provide a more reliable and cost-effective source of energy.
Loadshedding has increased people's understanding of the necessities for more than just the basics to stay powered. At the moment, power backups are not the norm in regular suburban residences, however, those that do have them are proving more attractive to buyers and are thus selling quicker, according to the agents.
In contrast, prospective buyers are often prepared to install their own backup systems - potentially even preferring to do so - when it is necessary, so as to guarantee that they are obtaining good quality materials and a qualified setup. This could lead to them lowering the price they offer for the residence when factoring in the estimated cost of the installation.
It is therefore recommended that sellers invest in a good quality backup system (not a generator), especially since they have the option to rent or finance it through a bank.
The necessity for hiring a trained and accredited installer for their backup system is paramount for two reasons. Firstly, they will receive the right guidance on the size and kind of system they need and secondly, their homeowner's insurance will remain valid by preventing an unqualified person from dealing with their electrical system.
Especially today, people are investing more wisely when it comes to buying a home, or a second property for house-letting. This makes green homes more popular, providing energy and water savings on utility bills, as well as contributing to a more sustainable lifestyle. If you have not yet considered introducing green features into your home, then now is the time to start. Having a green home is a great selling point and adds value, making your home more desirable for buyers.