Key Findings
- 1SARB and NCR data show residential solar financing has grown to R14bn outstanding. The economics for lenders — and the risk on the other side — in detail.
Overview
Residential solar-linked consumer credit outstanding reached R14.2bn by Dec 2025, up from R3.1bn at end-2023 .
"Unsecured personal loans (typically 5–7 year terms): 34%."
Solar PV costs in Africa have fallen 89% since 2010 — making renewables cheaper than coal in every major market.
The economics of energy transition are settled. The only question is speed of deployment.
Why this matters now
SARS's Section 6C solar tax rebate for individuals expired 29 Feb 2024, but the National Treasury's Home Energy Tax Incentive (a bond-linked rebate) came into force Apr 2025 — reshaping the financing mix.
Ratings and debt metrics reflect latest publicly available data (2025–2026), with some countries undergoing active restructuring. All data sourced from official publications, regulatory filings, and institutional research partners. Figures are indicative and may be subject to revision. Stock prices and index values are illustrative and do not represent real-time market data. IdeaToola does not provide financial advice. Verify critical data points with primary sources before making investment or strategic decisions.