An assessment of financial incentives for encouraging South Africa's domestic solar water heater market

dc.contributor.advisorWinkler, Haralden_ZA
dc.contributor.authorStewart, Alistair Henryen_ZA
dc.date.accessioned2014-10-31T17:53:07Z
dc.date.available2014-10-31T17:53:07Z
dc.date.issued2009en_ZA
dc.descriptionIncludes bibliographical references (p. 102-104).en_ZA
dc.description.abstractSA has a demand for domestic hot water, which is supplied by a number of different technologies. For a number of reasons, including health reasons and versatility, Government has encouraged the demand for electricity to meet domestic requirements. But currently there is a shortage of electricity supply, with negative impacts for the development of SA. Solar water heating (SWH) is a renewable energy technology that could relieve some of the demand for electricity, and the aim of this study is to assess which types of national financial incentive programmes should be implemented in order to encourage the use of SWH systems in households, within the context of SA's energy policy and the current electricity crisis. However, only hybrid SWH technologies were considered, due to a lack of information. A review of literature shows that domestic SWH technology use is uncommon, resulting from households preferring other technologies for reasons of cost and convenience. The modelling of current and hypothetical scenarios of energy consumption for domestic water heating show that the increased use of hybrid SWH technology would benefit SA's sustainable development. A literature review was used to identify the barriers stopping these benefits from being translated into the domestic sector. A literature review of energy policy documents confirmed SA's commitment to sustainable development and introduced a number of developments intended to reduce the barriers to renewable energy technologies. Investment incentives and set-asides were identified as potential financial incentive options for SA. A literature review of the SWH market identified the existing structures and capacity of expertise, and identified options for reducing SWH barriers. A criteria analysis was performed on a set-aside option and investment incentive options, which included a direct subsidy, an income tax deduction, and an interest rate subsidy. The criteria used for this analysis were derived from this study and a report of international experiences, and the analysis provided an assessment of the suitability of each of these financial incentives. The assessment resulted in the recommendation that a direct subsidy programme be implemented, possibly using a system of Tradable Renewable Energy Certificates (TRECs), which could allow for compatibility with developments that could enhance the success of the programme.en_ZA
dc.identifier.apacitationStewart, A. H. (2009). <i>An assessment of financial incentives for encouraging South Africa's domestic solar water heater market</i>. (Thesis). University of Cape Town ,Faculty of Engineering & the Built Environment ,Energy Research Centre. Retrieved from http://hdl.handle.net/11427/8987en_ZA
dc.identifier.chicagocitationStewart, Alistair Henry. <i>"An assessment of financial incentives for encouraging South Africa's domestic solar water heater market."</i> Thesis., University of Cape Town ,Faculty of Engineering & the Built Environment ,Energy Research Centre, 2009. http://hdl.handle.net/11427/8987en_ZA
dc.identifier.citationStewart, A. 2009. An assessment of financial incentives for encouraging South Africa's domestic solar water heater market. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Stewart, Alistair Henry AB - SA has a demand for domestic hot water, which is supplied by a number of different technologies. For a number of reasons, including health reasons and versatility, Government has encouraged the demand for electricity to meet domestic requirements. But currently there is a shortage of electricity supply, with negative impacts for the development of SA. Solar water heating (SWH) is a renewable energy technology that could relieve some of the demand for electricity, and the aim of this study is to assess which types of national financial incentive programmes should be implemented in order to encourage the use of SWH systems in households, within the context of SA's energy policy and the current electricity crisis. However, only hybrid SWH technologies were considered, due to a lack of information. A review of literature shows that domestic SWH technology use is uncommon, resulting from households preferring other technologies for reasons of cost and convenience. The modelling of current and hypothetical scenarios of energy consumption for domestic water heating show that the increased use of hybrid SWH technology would benefit SA's sustainable development. A literature review was used to identify the barriers stopping these benefits from being translated into the domestic sector. A literature review of energy policy documents confirmed SA's commitment to sustainable development and introduced a number of developments intended to reduce the barriers to renewable energy technologies. Investment incentives and set-asides were identified as potential financial incentive options for SA. A literature review of the SWH market identified the existing structures and capacity of expertise, and identified options for reducing SWH barriers. A criteria analysis was performed on a set-aside option and investment incentive options, which included a direct subsidy, an income tax deduction, and an interest rate subsidy. The criteria used for this analysis were derived from this study and a report of international experiences, and the analysis provided an assessment of the suitability of each of these financial incentives. The assessment resulted in the recommendation that a direct subsidy programme be implemented, possibly using a system of Tradable Renewable Energy Certificates (TRECs), which could allow for compatibility with developments that could enhance the success of the programme. DA - 2009 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2009 T1 - An assessment of financial incentives for encouraging South Africa's domestic solar water heater market TI - An assessment of financial incentives for encouraging South Africa's domestic solar water heater market UR - http://hdl.handle.net/11427/8987 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/8987
dc.identifier.vancouvercitationStewart AH. An assessment of financial incentives for encouraging South Africa's domestic solar water heater market. [Thesis]. University of Cape Town ,Faculty of Engineering & the Built Environment ,Energy Research Centre, 2009 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/8987en_ZA
dc.language.isoengen_ZA
dc.publisher.departmentEnergy Research Centreen_ZA
dc.publisher.facultyFaculty of Engineering and the Built Environment
dc.publisher.institutionUniversity of Cape Town
dc.subject.otherMechanical Engineeringen_ZA
dc.titleAn assessment of financial incentives for encouraging South Africa's domestic solar water heater marketen_ZA
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationnameMScen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceThesisen_ZA
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