MySola works like this:
o MySola offers an Evergreen Subscription that converts to a month-to-month plan after 84 months, supported by a 10-year financing model through our funding partners.
o All equipment is the property of and owned by Solax Energy Pty Ltd.
o Early cancellation: On early cancellation the balance of the contractual 84 month period remains payable in addition to a R12,000 decommission fee.
o A yearly escalation of 7.5% applies and insurance for the system is the subscriber’s responsibility.
o Transfer the agreement when Selling your property to new buyers name
Note: Non-compliant DB boards must be corrected before installation, which may cause delays. (if certificate is not provided, Solax Energy will provide certificate only at R50pm)
After 48 months you have the option to take full ownership by settling the outstanding balance.
o There are Zero Upfront fees
o The first two payments after your installation are free
o Monthly fees (VAT included) escalate by 7.5% annually on the anniversary of installation. Premiums are due on the 1st of each month.
o Solax covers maintenance, technical support, monitoring and workmanship, with an annual site visit.
o Solar panel cleaning excluded.
o Warranty covers equipment failure (inverter, batteries, panels).
o Mandatory insurance is the subscriber’s responsibility.
o Upgrades require written consent and must be done by Solax Energy representatives.
o Site inspection is included; additional costs apply for consumables if over 10m route from the DB board.
o Subscribers must handle SSEG forms and ensure their electrical C.O.C is compliant.
o Installation follows SANS 10142-1-2 regulations and is completed within 14 days of design approval.