Pay small small: how solar financing works in Nigeria
Solar pays you back, but the upfront cost stops many people who would save from day one. Here is how financing and pay small small work at Sygnite.
Solar is an investment that pays you back, but the upfront cost stops many people who would save money from day one. Financing fixes that. Here is how it works at Sygnite.
The two main ways to pay
- Outright: you pay once and own the system immediately. Simplest, and the fastest to install.
- Spread payment: you start with a deposit, power up now, and settle the balance over time. Popular with homes and small businesses.
For commercial customers there is also pay as you go, where payments are tied to usage. Pay as you go is for businesses, not homes.
What pay small small really means
You make a deposit to get the system installed, then pay the rest in manageable amounts over a tenor that commonly runs up to a year or more. The point is simple: your savings on fuel and grid power help cover the payments, so the system partly pays for itself as you go.
What you need to qualify
Some basic details and identity information, including a BVN. Your BVN is just a number you enter on the form, not a document to upload. We will tell you exactly what is needed for the plan you choose.
How to start
Tell us whether it is for a home or a business and roughly what you spend on power now. A financing advisor will lay out the cleanest option for you, with clear numbers and no pressure.
Spreading the cost does not mean paying much more. It means starting now instead of waiting.