Discovery Bank and Rubicon Unleash Affordable Solar Power Revolution for South African Homes

Discovery New Company Secretary
  • Discovery Bank has partnered with Rubicon, a leading provider of solar power solutions, to offer its clients substantial savings on high-quality solar and back-up power services for their homes. This partnership aligns with the bank’s commitment to providing trusted, convenient, and flexible solutions.
  • The partnership is built on three key pillars: Quality, Service and Support, and Funding Flexibility. Rubicon’s expertise ensures high-quality products and installation, while an intuitive online calculator and dedicated advisors provide seamless service and support. Discovery Bank offers flexible funding options, including a dedicated solar budget facility at competitive interest rates.
  • The offering, which allows clients to own their solar asset, has been initially launched to a select group of clients and will be expanded in the coming weeks. Both Discovery Bank and Rubicon express their commitment to a sustainable future and confidence that the partnership will accelerate the race to net zero and energy security in South Africa.

In a significant move towards sustainable energy solutions, Discovery Bank has announced a strategic partnership with Rubicon, a leading provider of solar power solutions. This collaboration aims to offer Discovery Bank clients substantial savings on top-tier solar and back-up power services for their homes, underlining the bank’s commitment to delivering trusted, convenient, and flexible solutions to its clientele.

Hylton Kallner, CEO of Discovery Bank, expressed his enthusiasm about the partnership, stating, “South Africans are known for their resilience, but the persistent disruption of electricity supply affects all aspects of our lives and necessitates the exploration of alternative power sources for our homes. We are delighted to introduce a financing solution that empowers our clients to adopt solar energy, with the support of an exceptional partner like Rubicon.”

The partnership is built on three key pillars:

  1. Quality: Rubicon’s extensive expertise in power solutions has been instrumental in developing a comprehensive end-to-end service. This service ensures that clients receive the highest quality products and installation, all underpinned by Rubicon’s robust track record.
  2. Service and Support: The entire process, from the initial consultation to guaranteed installation within three weeks and post-installation service, is designed to be hassle-free and straightforward for Discovery Bank clients. An intuitive online calculator will provide clients with instant quotes tailored to their specific energy needs. Furthermore, dedicated Rubicon Energy Advisors will guide clients through the selection process, offering expert recommendations for each home.
  3. Funding Flexibility: Understanding the unique financial circumstances of each client, Discovery Bank has developed flexible funding options. These options allow clients to choose a dedicated solar budget facility at interest rates from prime -2% over 72 months, ensuring affordability and financial peace of mind.

The offering has been initially launched to a select group of clients and will be made available more broadly over the coming weeks. As the offering scales up, the focus remains on delivering excellent customer service. The model adopted by Discovery Bank enables clients to own their solar asset, as opposed to renting it. This approach allows for a wider variety of products to choose from, no additional or hidden costs, and tax deductions.

Rick Basson, CEO of Rubicon, expressed his excitement about the partnership, saying, “We are thrilled to partner with a fellow proudly South African company that shares our commitment to a sustainable future. By joining forces, we are poised to offer Discovery Bank clients access to cutting-edge solar solutions with highly competitive finance options. With Rubicon’s long and trusted track record in the solar energy industry, we are confident that together we can accelerate the race to net zero and energy security.”

This partnership between Discovery Bank and Rubicon is a testament to the growing trend of corporates aligning their business strategies with sustainable practices. It not only offers a practical solution to the ongoing energy crisis but also contributes to the broader goal of a sustainable and energy-secure future for South Africa.

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