The reason is a simple one: The Nelson Mandela Bay Electricity Department is the ONLY one in South Africa that allows you to Grid-Tie your renewable energy installation – like Solar PV – on a ONE FOR ONE basis *.
“Huh, how does that benefit me?” you ask.
Simple – this allows you, as the private consumer, to install enough Solar Panels on your roof to ELIMINATE your electricity account.
As a business consumer your can eliminate your CONSUMPTION account (you still have to pay an ‘availability’ fee) AND benefit from an accelerated depreciation allowance of 50%, 30%, 20%. From March 2016 the depreciation allowance – for certain sized installations – will be a full 100% in the first year.
* For every unit of electricity manufactured by your Solar Installation the Nelson Mandela Bay Electricity Department credits your electricity account with the equivalent selling price of that unit. If you ‘overproduce’ you also have the choice of selling your extra production to a local company – another reason why the NMBM Electricity Department is STREETS ahead of other municipalities when it comes to renewable energy.
Grid Tie Solar Installations are the most cost effective way to ZERO your electricity bill AND lock in the ‘price you pay’ for 20-25 years.
The payback for domestic consumers is 6-7 years and, for business (from March 2016) will be LESS than one year.