What drives the growth of solar is changing

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Load shedding may have triggered South Africa’s solar boom, but the next wave of growth will come from economics, with 93% of homeowners and 79% of businesses already reporting cost savings. This is according to the latest and largest South Africa Solar User Report, which surveyed more than 2,000 households and businesses. 

• Investment manager Jaltech conducted the survey. It shows a positive market outlook, with many non-adopters open to solar: 82% of homeowners and 79% of businesses. 

• These findings mirror what is happening in other markets. Rising grid costs and falling panel prices have an accelerating impact.

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