CoCT Cash for Power project in full swing to purchase excess solar power from residents, businesses
The municipality says 432 households in the city have applied to earn cash from selling their excess solar power to the city.
Picture: Pixabay.com
CAPE TOWN - Cape Town’s Cash for Power project for households is in full swing.
The municipality says 432 households in the city have applied to earn cash from selling their excess solar power to the metro.
This follows the closure of the first window for residential seller applications in March.
The initiative, first launched for businesses in June last year, allows residents to sell their power back to the municipality for cash.
ALSO READ: Capetonians have until March to apply for cash-for-power programme
Mayor Geordin Hill-Lewis says businesses and households have already earned over R30 million in municipal bill credits since the start of the 2022/23 financial year.
"The city will buy as much solar power as households and businesses can sell us under the Cash for Power Programme. Not only are we adding crucial kilowatts to our grid, but we are also putting money back into the pockets of Capetonians."