South Africa’s booming solar industry is currently experiencing a gold rush as Solar installers and product suppliers are rushing to respond to pent-up demand from aspiring homeowners to reinstall solar panels – set up systems to sustain a lifestyle their.

However, to meet this growing demand, serious challenges must first be overcome to meet demand effectively and help South Africans get through the worst year of offloading to date.

This chart published by EskomsePush shows that in September of this year we recorded a total of 1637 hours of offload, after 4 years of an upward trend.

Considering that the total offload period in 2021 is 1153 hours, it is clear that this uptrend is accelerating. This trend will continue in the medium term, leading to a doubling in load over the next five years.

The root cause is that the five oldest coal-fired power plants have been shut down during this time, with relatively little generating capacity being brought online to replace what’s been going on.

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It is clear that Eskom is no longer reliant on stable electricity, leaving business and home owners with no choice but to look for other options to meet their energy needs. One of the most practical and affordable options is to replace Eskom’s supply with solar-powered energy, installing solar cells.

Every solar panel installation is an engineering project that must take into account the unique nuances of the respective home. Solar installers are flooded with RFPs and costs requiring detailed engineering design to simulate the owner’s unique solar energy savings predictions, costs, and finances.

Creating an accurate and reliable solar proposal takes time, and with increasing national demand for these proposals, it quickly becomes an administrative nightmare. .

Join Hohm Energy, which is a fintech solar marketplace specifically designed to effectively expand this demand and deliver precise, detailed recommendations to customers, including installers solar and homeowners.

Tim Ohlsen, CEO of Hohm Energy, explains how this functions to the advantage of the market:

“Hohm is a software company that has built a marketplace and platform to enable the South African solar industry to scale, whilst providing a convenient and trusted service experience for everyone.”

“Hohm’s software uses a homeowners’ unique design parameters of geo-location, orientation and angle of roof to generate a bespoke solar proposal within less than 5 mins.”

“From there we provide a turnkey solution – namely sales, customer management, deployment features and workflows – to help our onboarded solar installers grow their business by servicing solar enquiries and structuring solar finance.”

Going solar is hugely beneficial but is not without cost, and access to the right finance can also come as a challenge with limited, to no choice, for homeowners to finance their solar battery system outside of using their available equity in their bonds.

Nedbank has recently partnered with Hohm Energy to provide a trusted marketplace for homeowners and solar installers to transact across South Africa. MFC, a division of Nedbank, has launched a new, innovative stand-alone solar finance product that resembles that of motor vehicle financing.

This has enabled MFC to offer homeowners convenient solar finance, even if they don’t have a bond or bank with Nedbank. Hohm’s marketplace and software platform enables all the coordination of servicing homeowners through the journey and matching them with vetted solar installers across SA.

“Hohm Energy has become an innovator paving the way for a true solar fusion model that uses software engineering to streamline all stakeholders in a solar project .”

“Nedbank is delighted to partner with Hohm Energy as a hub serving both homeowners and solar installers to bring more confidence and scale to the residential solar industry growing,” said Quintin Greyling of Nedbank MFC.

Hohm Energy is launching a new feature to open its marketplace to solar installers as it seeks to rapidly expand its footprint across South Africa. “We are bringing easy access to residential solar finance to market, enabling all solar installers in our network to bring their own solar projects into the Hohm marketplace for financing” says Ohlsen.

The company has conducted a successful pilot of this solar partner model with a well-known solar technology company and provider, Wetility.

“We are delighted to be a solar provider in the Hohm / Nedbank MFC Finance partnership and we are extremely impressed with the turnaround time, professionalism and commitment to the quality of the offering.”

“Similarly, Wetility are also very focused on customer success and providing quality and compliant hybrid solar hardware, software, and financing solutions and consequently we are pleased to be able to join this unique offering through our partnership with Hohm.” says Vincent Maposa, CEO of Wetility.

In order to participate in Hohm’s marketplace, to access both structured finance for projects originated by solar installers and receive homeowner projects originated by Hohm, solar installers can register here to start the process:

Sign-up to the Hohm marketplace to become a vetted solar installer to service your clients with solar finance.

Hohm Energy is a platinum sponsor of the South African Photovoltaic Industry Association (SAPVIA) PV Greencard initiative and provides quality assurance of solar installations to consumers.

Hohm plays an active role in supporting the solar installation industry by enabling and ensuring a standard of quality, reliable solar installations provided by our network of solar installations. Licensed solar installers.

As a fintech platform and aggregator enabling the entire solar industry, Hohm Energy’s market positioning could not have come at a better time for consumers and installers.

“We are excited to bring this new solar partnership model to market to help local solar installers grow their business,” Ohlsen said. “We are here to serve our homeowners, our financial partners and our network of solar installers using technology, making the entire solar process simple. faster, and more affordable for everyone.”