Loadshedding has become common in South Africa due to the country’s ongoing energy crisis.
This has caused significant disruptions to businesses and households, leading to lost productivity and inconvenience.
To address this issue, Absa, one of the largest banks in South Africa, has developed Loadshedding Solutions – a range of products and services aimed at helping customers cope with power outages.
Here’s everything you need to know about Absa’s Loadshedding Solutions.
What are Absa’s Loadshedding Solutions?
Just like Nedbank offering Solar Finance, Absa also has Loadshedding Solutions which are a range of products and services that are designed to help customers cope with power outages.
These include backup power solutions such as generators and solar systems, as well as financing options for these solutions. The aim of these products and services is to help customers maintain productivity and minimize the impact of power outages on their daily lives.
What Products and Services are Included in Absa’s Loadshedding Solutions?
Absa Loadshedding Solutions includes a range of products and services to help customers cope with power outages. These include:
1. Uninterrupted Power Supply (UPS)
This option allows for the storage of electrical energy from the grid that can be accessed during instances where there is no electricity supply from the main grid. Convenient plug-and-play options are available for purchase at nearby retail stores or professional installers who will configure the solution according to your specific household energy needs.
By offering these products and services, Absa aims to provide its customers with uninterrupted access to electricity during loadshedding periods while keeping their lights on.
2. Grid-tied System
Solar energy is becoming increasingly popular, with the grid-tied system being the most prevalent type of solar system. This system typically consists of solar panels and an inverter. The solar panels convert sunlight into electricity in the form of direct current (DC), which is then transformed into alternating current (AC) by the inverter to power your household appliances.
However, it’s important to note that any surplus energy generated from the sun will go unused since no battery is included in this setup. Therefore, this excess energy cannot be stored for later use. Additionally, during load shedding or power outages, this solution will not generate electricity as it relies on the grid for operation.
3. Hybrid System
If you want to ensure continuous power supply during load shedding or outages, a hybrid solution may be a better choice. This involves integrating batteries into your solar system to store excess energy for utilization when needed. By incorporating batteries into your setup, you can keep your lights on even when there are disruptions in the electrical grid.
4. Going Off Grid
For complete energy independence, an off-grid solution disconnects from utility supply connections and relies solely on electricity generated by your solar system. However, careful consideration must be given to alternative options for specific energy needs such as utilizing a solar geyser or gas stove/heater since high-wattage appliances may not be supported by off-grid systems.
What are the Benefits of Absa’s Loadshedding Solutions?
There are several benefits of using Absa Loadshedding Solutions such as maintaining productivity and minimizing the loss caused by power outages, especially for businesses that rely heavily on electricity supply.
Financing options also make backup power solutions more affordable and accessible. At the same time, insurance products provide customers with peace of mind knowing they are covered against any damage or loss caused by power outages.
Absa’s Loadshedding Solutions Finance Calculator
If you’re looking for a way to determine the financial implications of enduring load shedding, check out Absa’s Load Shedding Solutions Finance Calculator. This tool helps individuals calculate the cost of powering their homes and offers insight into potential savings on electricity expenses. You can even use it to determine the feasibility of achieving power independence or transitioning to an off-grid lifestyle.
Calculate Now
To get started, simply select the solution you need and the finance option that best suits your needs. These options include accessing funds from your Absa Home Loan, switching your home loan to Absa and accessing additional funds, using a credit card, or taking out a personal loan.
The payment term is set at 72 months with an interest rate of 10.75%.
Conclusion
Load shedding has become a common occurrence in South Africa, causing disruptions for both businesses and households alike. That’s why Absa created Loadshedding Solutions – a range of products and services designed to help customers cope with power outages.
By providing backup power solutions and financing options, customers can maintain productivity while minimising the impact of power outages on their daily lives.
If you’re interested in learning more about Absa Loadshedding Solutions, visit their website today and fill out an online call-me-back form to speak with one of their consultants about getting a quote!
