Inyosi Solar

Inyosi Solar target market are companies who meet the following criteria:

1. 51% or more black-owned companies,
2. With a turnover of R50m or less (SMEs or QSEs),
3. At least a 3 to 5 year track record.

1. Long-term Cost Savings: Harnessing the power of the sun allows SMEs to reduce their electricity bills, a significant expense for many businesses. Solar energy is free once the system is installed, leading to long-term cost savings.
2. Environmental Sustainability and CSR: By transitioning to solar power, SMEs can significantly decrease their carbon footprint, contributing to South Africa's clean energy targets. Embracing sustainable practices enhances a company's corporate social responsibility (CSR) profile. Therefore, has the potential to attracti environmentally conscious customers and stakeholders who value ethical and eco-friendly businesses.
3. Reduce Dependency on the National Grid: Load shedding has caused substantial financial losses for SMEs in South Africa. Transitioning to solar energy reduces reliance on the national grid, ensuring uninterrupted operations and eliminating potential losses associated with power outages. Solar power provides stability, allowing SMEs to focus on running their businesses efficiently and mitigating the economic impact of load shedding.
4. Decrease Security and Health Risks: Load shedding poses risks to the well-being of employees and business owners. The associated stress, anxiety, and feelings of helplessness can impact mental health. Additionally, power outages increase security risks, such as opportunistic crime and safety concerns for employees commuting during outages. Transitioning to solar energy mitigates these risks, creating a safer work environment and fostering employee well-being.
5. Market Differentiation and Competitive Advantage: SMEs that embrace solar energy differentiate themselves in the market and gain a competitive edge. By showcasing their commitment to clean energy and environmental stewardship, businesses appeal to the growing segment of eco-conscious customers. Solar powered SMEs enjoy an enhanced brand reputation, leading to increased customer loyalty and business growth.

Solar funding on a operational lease basis refers to a financing model where businesses can acquire solar energy systems without making an upfront payment. Instead, they enter into an agreement with a solar provider or financing company, typically referred to as a solar lease or power purchase agreement (PPA). Here's how it generally works:

Assessment: The solar provider assesses the feasibility of installing a solar energy system on the customer's property, considering factors such as available sunlight, roof condition, and energy consumption.

Agreement: If the assessment is positive, the customer and the solar provider enter into a operational lease agreement. This agreement outlines the terms and conditions of the arrangement, including the duration, monthly payments, and ownership transfer options.

Installation: The solar provider installs the solar panels and associated equipment on the customer's property. The system remains owned by the provider during the rental period.

Rent Payments: The client agrees to make monthly rental payments to the solar provider. These fixed payments (unless interest rates change) are initially higher than their current electricity bills, but within about three years the expected electricity costs would have been higher than the fixed rental payments resulting in an ever increasing benefit which grows annually. After the rental period of seven years, the monthly savings escalate significantly until the end of the expected life of the system (around 25 years). The rental payments cover the cost of the solar system and ongoing maintenance. Insurance costs for the installed equipment must be covered by the client under their commercial insurance.

Ownership Transfer: At the end of the rental term, ownership of the solar system will automatically transfer to the customer automatically.

Lower Upfront Costs: The operational lease model eliminates the need for a large upfront payment, making solar energy more accessible to businesses with limited capital.

Substantial and Long-term Savings: Compared to Eskom and diesel generated electricity, a operational lease system will see customers reducing their monthly electricity bills in the short term, with break-even expected in around 3 years. After the rental period of seven years, the monthly savings escalate significantly until the end of the expected life of the system (around 25 years).

Maintenance: The solar provider is responsible for maintaining the system during the rental period, relieving the client of this ongoing responsibility. 

1. Screening: We check if the client meets Inyosi Solar’s criteria. We will also discuss your energy needs and any specific requirements. A detailed assessment of your financial health and energy needs and requirements (including collection and analyses of energy invoices, review of financial information, etc) will be performed.

2. Site Visit: We will ascertain the site-specific solar requirements and needs from a technical perspective.

3. Investment Committee: Your funding will be presented for approval. Any queries raised will be resolved with the client.

4. Legal Agreements: Upon approval, we will send you standard agreements for signing electronically, an efficient way to finalise the agreements.

5. Disbursement: Once legal agreements are signed and all conditions precedent are satisfied, the designed system components are purchased ready for installation.

6. Installation: Our competent and highly skilled team will install and commission the system.

7. Monitoring and Maintenance: Once installed, the system will be continually monitored remotely. Regular maintenance will also be conducted during the term of the operational lease period to ensure that the system operates according to specifications.

• BEE Affidavit/ Certificate
• FICA and Statutory documents
• Electricity Bills for the prior twelve months
• Signed Annual Financial Statements for the past three years
• Most recent year-to-date management accounts (with such accounts not being older than three months)
• Bank Statements for Company bank accounts for the past 6 months
• Tax compliance Pin (ITA34 for business – last two financial years which clearly shows income expenditure for business over a period).
• Memorandum of Incorporation, Shareholders Agreement, Share register and Share certificates for the company.
• The title deed of the fixed property, should you be the owner of the property
• Property lease agreement if you are leasing the property. (If you are not the fixed property owner or if the property is sectional title, we will provide you with a document (tacit hypothec waiver) that must be approved by the landlord or registered owner and/or trustees to proceed to the next steps of the process this document must be signed.)