- Standard Bank is developing tools to determine the potential for solar installations on homes in its loan book.
- Edge certification of renewable energy systems in homes is lacking, limiting access to green funding for solar projects.
- Standard Bank’s LookSee platform assesses solar feasibility for homes but is developing a solar penetration analysis tool.
- The tool will identify solar panel penetration and output to develop financing offerings to encourage solar adoption.
- Access to sustainable financing could reduce costs for households and transition them to renewable energy.
- Demand for home solar systems is driven by comfort, not climate goals, but could have a macroeconomic impact.
- Maturity in the home solar market is making renewable options easier for homeowners to understand.
- Standard Bank has seen increased demand for loans to fund home solar installations.
- Solar systems can help maintain or increase home values but require proper certification and compliance.
- Standard Bank wants to decarbonize households in its loan book and help their behavioral transition to clean energy.
Marc du Plessis - Standard Bank LookSee executive head