Financial savings displacing loadshedding as main driver of residential solar market

The South African market drivers for residential, commercial and industrial solar PV and battery installations have started shifting towards cost savings from security of supply as loadshedding wanes, GoSolar CEO Andrew Middleton asserts. Although installations in 2024 are likely to be well below the 2.6 GW installed during the height of the country’s loadshedding crisis last year, the subscription home solar and battery company still expects about 1 GW of small-scale PV to be installed this year.