Backup power now available for Discovery Bank clients

Named the best digital bank in South Africa for year 2023, Discovery Bank has now partnered up with Rubicon to provide backup power solutions to its clients with a guarantee to install within three weeks after the initial consultation.

The CEO of Discovery Bank, Hylton Kallner, revealed that the initiative came to pass in response to elevated levels of load-shedding South Africans are experiencing in 2023. The bank’s clients will be able to get access to the full suite of Rubicon’s backup power solutions, including a Tesla Powerwall.

Offering a wide range of products and services such as solar power generation and storage to electric vehicle charging infrastructure, Rubicon is a South African sustainable energy provider.

For the bank’s clients, Rubicon will not only install, but will also offer post-installation services which will all be funded through the financing facility with Discovery Bank.

Discovery Bank and Rubicon guarantee a completion installation within the space of three weeks of the initial consultation and a seamless process that takes place on Discovery’s power backup financing platform.

Any and every Discovery Bank client will have access to the financing facility. Ensuring that the financing and product are tailored to individual needs and unique financial situations, the solution will be exclusive to Discovery Bank clients.

Clients will be able to get an instant quote relevant to their needs and financing options with interest rates starting at prime minus 2% using an online calculator.

Another great thing about this product is that it will not be for rental. Instead, the client will own the equipment, from the solar panels to the inverters and batteries. This enables the client to claim the tax deductions for the solar panels.

Discovery Bank has limited the rollout to a select number of clients, from which it will expand to its entire client base in the coming weeks.

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