The PE Group, a leader in the African property real estate and construction market, is calling on African governments to mandate solar panels for all new buildings.
By spearheading initiatives like the annual Ghana Property Awards and the African Housing Show in the UK, PE Group aims to drive significant change in housing affordability and energy sustainability across the continent.
The Benefits of Mandatory Solar Panels
Installing reverse meters allows homeowners to sell excess energy back to the national grid, generating additional income. This can help offset the initial costs of homeownership and make properties more attractive to buyers.
Solar panels can increase the equity of homes, providing stronger guarantees for mortgages with banks. This can improve access to home financing, making it easier for more Africans to purchase homes.
Widespread solar panel adoption reduces dependence on traditional power sources, enhancing national energy security. This shift towards renewable energy is essential for sustainable development.
The installation and maintenance of solar panels can create numerous job opportunities for Africa’s youth. This initiative can help address high unemployment rates by providing employment and skill development.
The PE Group emphasizes that funding for this initiative is already available, making the transition to solar energy economically viable.
It has urged African governments to pass laws requiring developers to include solar panels in all new buildings.
This step is vital for advancing energy efficiency, promoting economic stability, and addressing the urgent need for job creation.
Mandating solar panels in Africa offers a comprehensive solution to several pressing issues.
It can make housing more affordable, improve access to home financing, enhance national energy security, and create jobs for the youth.
With funding readily available, the time is right for African governments to act.
By making solar panels a standard feature in new homes, Africa can move towards a sustainable and prosperous future.
Source :Joycelyn Marigold -African Property Magazine
