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Type of the Solution
Innovative business model
Affected Sector
Households
Description of the solution
The hire-purchase business model for solar panels aims to provide households with off-grid access to affordable clean energy through solar panels. SolarNow is a solar company based in Uganda that previously sold, installed, and serviced high-quality modular solar home systems on a hire-purchase basis to mostly rural households and businesses. Customers were offered an affordable 12-month plan that typically involved a deposit on the system followed by 12 monthly installments, after which they own the system. SolarNow has now evolved into an energy solution provider supporting businesses as well as institutions in the Education, Healthcare, and Non-profit sectors.
Socio-economic effects
Improved health, affordable clean energy
Type of Measure
3. mitigation measures
Type of sub-measure
5. (none)
Who led the solution
Private sector
Timescale of implementation
Short-term (up to 1 year)
Other Notes
Consult this study for a case study and further details of SolarNow's business model https://cleancooking.org/wp-content/uploads/2021/07/421-1.pdf
On finance: The hire-purchase business model allowed more people to afford solar plants. Customers were offered an affordable 12-month plan that typically involved a deposit on the system followed by 12 monthly installments, after which they own the system.
Links to the solution
Consent to share form or official link.
3Good health and well-being
7Affordable and clean energy
13Climate action
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