Frequently Asked Questions

Looking for answers about how Fibon can power your future? You’ve come to the right place.

We’re committed to providing transparent and comprehensive information about our products and services. Explore our FAQs below, or contact us directly for personalised assistance.

What exactly is renewable energy, and how does it differ from traditional energy sources?

Renewable energy refers to energy sources that are naturally replenished, such as solar, wind, hydro, geothermal, and biomass. Unlike traditional energy sources like fossil fuels (coal, oil, and gas), renewable energy sources are sustainable and have a lower environmental impact. Ask Fibon what would suit your business.

What are the different types of renewable energy technologies available?

Different types of renewable energy technologies include solar power (photovoltaic and solar thermal), wind power, hydroelectric power, geothermal energy, and biomass energy. South Africa is geared toward PV Solar and a handful of companies such as Fibon Energy can provide alternative solutions such as wheeling, or wind-powered solutions.

How reliable is renewable energy compared to conventional energy sources?

Renewable energy reliability varies depending on factors such as weather conditions (sunlight, wind), location, and grid integration. Advances in technology and energy storage systems have improved the reliability of renewable energy, making it comparable to or even more reliable than conventional energy sources.

What is the potential cost savings and return on investment associated with transitioning to renewable energy?

Transitioning to renewable energy can lead to long-term cost savings due to lower operational and maintenance expenses. The return on investment varies based on factors like the type of renewable energy technology, energy consumption, available incentives, and financing options. Fibon Energy Offers a zero Capex on Power purchase agreements (PPAs) allowing you to utilise that expenditure towards other areas in your growing business or residence.

Are there any government incentives or tax benefits available for adopting renewable energy solutions?

Government offers incentives and tax benefits to promote the adoption of renewable energy. These can include investment tax credits, grants, feed-in tariffs, and renewable energy certificates. The most common for businesses ‘in the south is the 12B Tax incentive that Fibon incorporates into its solutions. However, companies should have their tax advice when reviewing these incentives. Batteries unfortunately are not part of the 12B incentive.

Are there any financing options available for businesses interested in implementing renewable energy solutions?

Financing options for implementing renewable energy solutions include Bank loans, leases, power purchase agreements (PPAs), and third-party financing. The availability and specifics of financing options depend on a few factors and are specific to your preferred sustainability partner. Generally, a vertically integrated company such as Fibon Energy can provide the best returns and funding options.

How long does it typically take to recoup the initial investment in renewable energy systems?

The payback period for recouping the initial investment in renewable energy systems can vary significantly depending on factors like system cost, energy savings, available incentives, and financing options. It can range from year one, a few years to a decade or more.

What impact can renewable energy have on reducing carbon emissions and combating climate change?

Renewable energy plays a vital role in reducing carbon emissions and combating climate change. By replacing fossil fuel-based energy generation, it significantly reduces greenhouse gas emissions, which are a major contributor to climate change.

Can renewable energy solutions be customized to meet the specific needs and energy demands of my business?

Yes, renewable energy solutions can be customised to meet the specific needs and energy demands of businesses. Factors like energy requirements, available resources, location, space availability, and budget are considered when designing and implementing renewable energy systems.

How do I determine the right renewable energy solution for my organisation?

Determining the right renewable energy solution involves conducting a comprehensive energy assessment, considering factors like energy consumption patterns, available resources, site-specific conditions, and financial aspects, and consulting with renewable energy professionals.

What maintenance and upkeep are required for renewable energy systems?

Maintenance requirements vary depending on the type of renewable energy technology used. Generally, regular inspections, cleaning, and digital monitoring are required to ensure optimal performance and longevity of the system.

How do I measure the performance and efficiency of renewable energy installations?

The performance and efficiency of renewable energy installations can be measured using indicators such as capacity factor, energy output, system availability, and overall system efficiency. Monitoring systems and data analysis help assess and optimise the performance of renewable energy systems.

Still have Questions?

If you have any other questions or need further information, contact us now! We are here to help you!