New residential energy solution launched in South Africa
A residential energy solution, which allows homeowners to generate and store their own electricity, has been officially launched in the Western Cape market by Energy Partners Home Solutions, a division of PSG.
Dubbed the ‘Icon Home Energy Hub’, the solution comprises roof-mounted solar panels with a 3.1 kWp capacity and an inverter, which converts direct-current electricity produced by the panels to alternating current.
The inverter is integrated with a 3.6 kWh lithium-iron phosphate battery, which is able to store energy for use during higher-tariff peak periods.
The full household solution also includes a hot-water tank, a heat pump and a remote monitoring platform allowing the user to monitor the status of their system directly through a mobile app.
However, the company has opted for a modular deployment approach and is willing, for instance, to install only aspects of the overall offering, depending on a homeowner’s requirements.
The full solution will cost R167 000 before VAT and is designed primarily for medium-sized households with a monthly electricity bill of above R1 500.
MD Alan Matthews says such households will save up to 70% on their monthly electricity bill and earn a 16% return on their investment over seven years.
The residential offering, he adds, has been developed over the past 18 months to cater for homeowners keen to “take control of their energy” in a context of rising tariffs and supply disruptions.
“We have opted for a modular approach that enables households to increase their capacity over time should it make sense to do so,” Matthews explains.
Energy Partners Home Solutions is accepting Western Cape orders for delivery in June and will launch in Gauteng before the end of 2016.