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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 merits and real 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.

Advantages

  • Immediate ownership of the equipment
  • No monthly payments or contractual commitment
  • Possible resale with the house (added value)
  • Total freedom of choice of provider

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. Warning: manufacturer warranties stop at 5 years maximum — the technical risk over the remaining 15 years is entirely yours. The total cost over 20 years is systematically 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.

Advantages

  • Ownership of the equipment at the end
  • 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, banks generally require a mortgage — you pledge your property to finance electronic equipment with a limited lifespan. Technical risks remain entirely the owner's responsibility.

Bank leasing

The bank buys and leases you the equipment

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

Advantages

  • No tying up of personal capital
  • Monthly payments tax-deductible for professionals
  • Equipment owned by the bank — no property mortgage required in theory

Disadvantages

  • Personal guarantee and/or sureties 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 end — the cycle restarts
  • Maintenance and breakdowns your responsibility from day one
  • 100% technical risk on your side despite bank ownership of the equipment
  • 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

Leasing is attractive on paper but tricky over time: the bank remains the owner of the equipment while requiring sureties, and at contract end you are left with an aged system to buy back or refinance. Over 20 years, the total cost of one or two leasing cycles often exceeds that of a direct purchase.

Comparison 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 responsibility Your responsibility ✓ Included Your responsibility
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 signing: know the 8 red flags

Abnormally low prices, no written contract, pressure to sign, refusal to specify brands… Discover the 8 concrete red flags to detect a dishonest installer before committing.

See the red flags

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 performs the work — 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 intervention time in case of breakdown?
  • 3 What are the early termination conditions?
  • 4 Does the contract include a service continuity clause in case of business cessation?
After-sales
  • 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 point during your meetings with providers.

Download checklist PDF

Glossary

PLM Upfront Major Payment

A single upfront payment at the start of a long-term rental contract, equivalent to a deposit. It reduces monthly payments over the contract duration.

BESS Battery Energy Storage System

Battery 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. Isolates the financial risk of the project 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.