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CEB SOLAR PHOTOVOLTAIC (PV) SCHEME (HOUSEHOLDS)

APPLICATION FORM
FOR RENEWABLE ENERGY (RE) OF CAPACITY UP TO 10 kW

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Independent analysis — 2026 data

Solar batteries in Mauritius:
Buy or Rent?

The Mauritian solar storage market has evolved. Before signing anything, here is a factual analysis of the four available options — with their real costs, real constraints, and what the numbers reveal over 20 years.

The context: why batteries have become essential

Until 2024, battery storage was optional for households in Mauritius. The new CEB 2026 framework changes this: hybrid systems (PV + battery) up to 10 kW become the standard for the Household scheme. The battery is no longer an accessory — it is a mandatory technical component of the application file.

Add to this the CEB tariff increase of +15% on 1 May 2026, which makes the return on investment calculation even more favourable for solar. The question is no longer "do I need a battery?" but "how do I finance it intelligently over 20 years?"

A residential lithium-ion battery costs between Rs 150,000 and Rs 300,000 to purchase. It has a lifespan of 8 to 12 years. Its replacement is inevitable over a 20-year contract.

The 4 options available in Mauritius

Each option has its real merits and constraints. Here is an honest presentation of each (e.g. 8/10 kWh solar system).

Cash purchase

You buy the equipment

You finance the entire system (panels + hybrid inverter + battery) in one go. You become the owner of the equipment.

Avantages

  • Immediate ownership of the equipment
  • No monthly payments or contractual commitment
  • Possible resale with the house (added value)
  • Complete freedom to choose your provide

Disadvantages

  • Capital tied up: Rs 400,000 to Rs 900,000
  • 100% technical risk on your side — manufacturer warranties (2–5 years) do not cover the real lifespan of the system
  • Maintenance and breakdowns entirely your responsibility after warranty expiry
  • Battery replacement inevitable around year 10 (Rs 150,000–250,000), not covered by any warranty
  • No single point of contact after installation
  • Risk of technological obsolescence borne alone
  • Limited recourse in case of dispute with the installer — no long-term contractual follow-up framework
  • Ageing equipment unsellable: the second-hand solar component market is virtually non-existent in Mauritius
  • No secondary market: impossible to transfer or realise value from the system outside of a property sale

Verdict

A viable option if you have the capital, good technical knowledge and a trusted installer with structured after-sales service. The total cost over 20 years is often underestimated.

Bank loan

You borrow to buy

You finance the purchase via a personal loan or a green loan (e.g. CEB/DBM loan at 2% up to Rs 350,000). You become the owner at the end.

Avantages

  • Ownership of the equipment
  • CEB/DBM green loan at 2% available up to Rs 350,000
  • Predictable monthly payments over 5 to 10 years
  • Possible tax deductibility depending on status

Disadvantages

  • Debt over 5 to 10 years
  • Mortgage required by banks for high amounts — your property is pledged as collateral
  • CEB/DBM loan ceiling often insufficient for a complete system (max Rs 350,000)
  • Maintenance and battery replacement not covered by the loan
  • High standard bank rates outside the green loan
  • 100% technical risk on your side, identical to a cash purchase
  • Limited recourse in case of dispute with the installer — no long-term contractual follow-up framework
  • Ageing equipment unsellable: the second-hand solar component market is virtually non-existent in Mauritius
  • No secondary market: impossible to transfer or realise value from the system outside of a property sale

Verdict

The CEB/DBM green loan at 2% is a real opportunity but capped. Beyond Rs 350,000, standard credit increases the total cost. Technical risks remain entirely the owner's responsibility.

Bank leasing

The bank buys and leases the equipment to you

A bank or financial institution buys the system and leases it to you over 3 to 7 years. You pay monthly instalments and can buy back the equipment at residual value at the end of the contract.

Avantages

  • No immobilisation of own capital
  • Monthly payments tax-deductible for professionals
  • Equipment owned by the bank — no mortgage in theory

Disadvantages

  • Personal surety and/or guarantees required despite bank ownership of the equipment
  • Short duration (3–7 years): at contract end, equipment is obsolete and must be bought back or replaced
  • End-of-lease buyback often costly on depreciated equipment
  • Replacement or refinancing inevitable at the end — the cycle restarts
  • Maintenance and breakdowns at your expense from day one
  • 100% technical risk on your side despite bank ownership
  • Limited recourse in case of dispute with the installer — no long-term contractual follow-up framework
  • Ageing equipment unsellable: the second-hand solar component market is virtually non-existent in Mauritius
  • No secondary market: impossible to transfer or realise value from the system outside of a property sale

Verdict

Bank leasing looks attractive on paper but is tricky over time: the bank retains ownership while requiring sureties, and at contract end you are left with ageing equipment to buy back or refinance. Over 20 years, one or two leasing cycles often cost more than a direct purchase.

Comparative table — Estimated total cost over 20 years (8 kWh system)

Cost item Cash purchase Bank loan Long-term rental Bank leasing
Initial investment Rs 400–900k Rs 0 (loan) Rs 390k (PLM) Rs 0
Mortgage / surety N/A Mortgage required ✓ Not required Surety + guarantees
Monthly payments / interest Rs 150–300k Rs 480k (20 years) Rs 120–250k (5–7 years)
Technical risk 100% yours 100% yours ✓ 0% (lessor) 100% yours
Maintenance over 20 years Rs 400–600k Rs 400–600k ✓ Included Rs 400–600k
Battery replacement (~year 10) Rs 150–250k Rs 150–250k ✓ Included Buyback / refinancing
CEB admin management Your charge Your charge ✓ Included Your charge
Recourse / contractual protection Limited — no follow-up framework Limited — no follow-up framework ✓ 20-year contract + guaranteed after-sales Limited — no follow-up framework
Estimated total cost 20 years Rs 950k–1.75M Rs 1.1M–2M Rs 800k–950k Rs 1.2M–2M+

* Estimates based on 2026 market data. Actual costs vary by installer, configuration and component price evolution.

Our analysis

On purely financial grounds, long-term rental presents the lowest estimated total cost over 20 years, provided the lessor meets its commitments. That is the key: the quality of the offer depends entirely on the solidity and seriousness of the chosen provider.

Cash purchase remains relevant for profiles with the capital, good technical knowledge and a trusted installer with structured after-sales service. Standard bank credit should be avoided except for the CEB/DBM green loan at 2%, which remains the best available purchase financing option.

Bank leasing appears attractive in the short term but creates a costly cycle: sureties required despite bank ownership of the equipment, and at contract end an obsolete system to buy back or refinance. Over 20 years, it is the most deceptive option.

Long-term rental emerges as the financially and guarantee-wise logical choice — not because it is commercially attractive, but because the real cost of a poorly managed purchase over 20 years is systematically underestimated. Whatever option you choose: compare offers, verify the partner's technical competence, verify the partner's financial solidity, read contracts before signing and demand solid written guarantees.

⚠️ Before you sign: know the 8 warning signs

Abnormally low price, no written contract, pressure to sign immediately, refusal to specify brands… Discover the 8 concrete warning signs to detect a dishonest installer before committing.

See warning signs

Questions to ask any provider

Whether you buy, borrow or rent, ask these questions to every installer or lessor before committing.

Technical competence
  • 1 What are your certifications (MQA, REC, manufacturer)?
  • 2 How many installations completed in Mauritius? Can you provide client references?
  • 3 Who carries out interventions — your own technicians or subcontractors?
Financial solidity
  • 1 How many years have you been operating in Mauritius?
  • 2 Can you provide a balance sheet or bank references?
  • 3 What is the legal structure of your company?
Guarantees and contracts
  • 1 What written guarantees do you offer on equipment and labour?
  • 2 What is the contractual response time in case of breakdown?
  • 3 What are the conditions for early termination?
  • 4 Does the contract include a service continuity clause in case of business cessation?
After-sales service
  • 1 Who to contact in case of breakdown — a dedicated number, an app?
  • 2 What is the battery replacement timeframe if it fails?
  • 3 How are system software updates managed?

Checklist to take with you

Download this checklist and tick each item during your meetings with providers.

Download checklist PDF

Glossary

IMR Initial Major Rent

Upfront single payment at the start of a long-term rental contract, equivalent to a personal contribution. It reduces monthly payments over the contract duration.

BESS Battery Energy Storage System

Battery-based energy storage system. Under the CEB 2026 framework, a BESS is mandatory for any hybrid PV system up to 10 kW connected to the grid.

SPV Special Purpose Vehicle

Legal structure created specifically to carry a defined project or activity. It isolates the project's financial risk from the parent company.

Calculate your solar potential

Before choosing a financing option, estimate your real solar production in Mauritius based on your location and consumption.