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I love this idea and definitely be interested once this is available in the US. > you’ll get back your money with interest as the households use the solar pane
by supermdguy 4y ago
I love this idea and definitely be interested once this is available in the US.
> you’ll get back your money with interest as the households use the solar panels.
Does this come from households paying money for electricity? If so, how affordable is solar for the average household in Port Loko?
- kekuramusa 4y agoHey. Thanks for the question. It come from the households paying money for the solar panels every month rather the electricity. They pay for 2 years and then they own the solar panels. The average home in Port Loko can afford it as long as there's a member of the household with stable income (e.g. Farmer, police officer, teacher). We run this through a partnership with Ignite Power who has over 4K solar panels installed across villages in Sierra Leone and over 100K across Africa. The pricing and payback period has been optimized to make it affordable for rural residents in Sierra Leone. Currently their default rate is less than 2% and the return is based on Ignite Power's pricing model. If you send an email to kekura@nowala.io I can add you to our US mailing list and let you know when we launch there.