GreenCape Industry Brief: Solar PV for business in the Western Cape
In the Western Cape Province, there has been an exponential increase in the installation of solar PV by the retail, commercial, industrial and agricultural business sectors. Installations are driven by supportive local government policy frameworks, above-inflation electricity price increases and decreasing technology costs. The case studies throughout this brief highlight the benefits businesses have reaped following installations in this changing environment.
Main insights from this brief is that solar PV can save businesses up to 16% in electricity costs, meaning systems can often pay for themselves within 3 - 8 years of installation. In the Western Cape, the installed solar PV capacity as at Q2/2017 is 38MW.