By Staff Reporter
WINDHOEK, August 1 — As the global focus on renewable energy intensifies amidst climate change concerns and rising living costs, solar power has emerged as a financially viable and eco-friendly solution. In Namibia, solar power represents not only an environmental initiative but also a strategic investment in a financially sustainable future, particularly for homeowners.
The initial cost of solar installation can be intimidating, ranging from N$20,000 to N$100,000 for a typical residential system in Windhoek, often discouraging potential adopters. To address these financial constraints, Nedbank Namibia has introduced a Solar Financing Solution for Home Loans, offering a pathway to renewable energy that accommodates homeowners’ unique needs and financial capabilities.
Amanda von Wielligh, Acting Head of Home Loans at Nedbank Namibia, highlighted the bank’s commitment to simplify the process and ease the immediate financial burden for homeowners transitioning to solar power.
Nedbank’s Solar Financing Solution provides three avenues for homeowners: personal loans of up to N$200,000 over a 60-month term, asset-based finance with terms extending to 48 months and requiring a 10% deposit, and leveraging an existing home loan for solar financing if there’s sufficient scope on the loan.
Repayments for these financing options start from as low as N$1,200 per month, making solar power accessible to all homeowners. The savings on monthly electricity bills often offset these repayments significantly.
To ensure top-notch solar installation and maintenance, Nedbank has partnered with Pupkewitz Megatech, a certified solar supplier and installer. Megatech offers expert guidance tailored to the specific needs and requirements of each homeowner.
Opting for solar financing with Nedbank not only decreases reliance on conventional energy sources but also contributes to substantial long-term savings and environmental conservation—a meaningful legacy for future generations.
Amanda von Wielligh emphasizes that investing in solar energy empowers homeowners to make wise financial and environmental choices. Nedbank is steadfast in its commitment to facilitating this transition with seamless efficiency.
For homeowners considering solar energy investment or seeking more information about Nedbank’s solar financing options, the Nedbank Customer Contact Centre can be reached at +264 61 959 2222, or visit www.nedbank.com.na for comprehensive details. – Namibia Daily News
