South Africa may be experiencing a brief hiatus from severe loadshedding, but the argument for solar power has never been stronger.
Much of the country’s power infrastructure has deteriorated to near-critical levels. Unplanned power cuts are commonplace, and the cost of Eskom electricity continues to escalate.
Well into 2025, South Africa’s electricity minister, Kgosientsho Ramokgopa, told reporters that keeping the power supply stable is among the things that “…give me sleepless nights.”
For businesses, it’s especially important to find solutions, to prevent productivity and financial losses.
How we can help: finding you the best solar funding
Yalu helps South African businesses source up to R6 million in funding to cover the cost of solar and back-up battery installations.
We leverage strategic partnerships with a pool of finance providers to find the most suitable solar funding for your individual business needs. Finance applications are streamlined through a centralised online platform.
A Yalu consultant is available to walk you through the entire funding process – from application to loan disbursement.
Our ability to identify and connect your business with the funders offering the best terms and conditions increases your chances of approval.
Finance is typically available within one to two working days. No collateral is required to secure the loan. What’s more, the short-term loan facilitation service is completely free.
This type of funding makes it possible for a business to spread the cost of a solar energy system over a set term with fixed payments, rather than requiring significant capital expenditure upfront.
Advantages of solar for mid-sized businesses
As well as peace of mind, there are many benefits of solar power, including:
- lower operating costs with independence from Eskom
- no more production downtime
- increased property value
- tax incentives for businesses with SANEDI certificates
- possible additional revenue stream for CT businesses that feed energy into the grid.
Our loan model for financing solar projects
The Yalu funding network is based on the unsecured lending model.
You apply for solar funding online via the Yalu website. A consultant contacts you to discuss your funding requirements, and to request supporting documents, such as bank statements.
We conduct an assessment of your business, and forward the information to a suitable funder. A funding proposal outlying the terms of the loan is sent to you.
If you like what you see, an agreement is signed, and the funds are transferred into your business bank account.
The capital amount plus interest – fixed at 4.17% per month – is repaid in daily, weekly or monthly tranches, in accordance with the loan agreement.
Does your business qualify for finance?
If your business is a registered entity with turnover of R1 million or more over the past year, it is eligible to apply for funding.
Get solar funding at a fixed interest rate online now
Yalu offers same-day finance for a wide range of business needs, including solar power installation, expansion or repairs. Contact us to find out more or apply for funding online and a representative will get back to you promptly.
