Sterling Alternative Finance (SAF), a division of Sterling Bank Plc, has launched Altpower, a clean and affordable energy solution for homes and businesses nationwide.

Altpower is expected to provide consumers with flexible and pocket-friendly options. It comes with a financing option that eliminates the high entry cost barrier hindering the uptake of “alternative energy solutions” for most Nigerian homes and businesses.

[Also Read] “Nigerians are eager to switch to more-effective alternatives”

Mohammed Yinusa, head of digital business, Sterling Alternative Finance, said in a statement issue in Abuja that Altpower is designed to provide accessible alternative (solar/renewable) power solutions to homes, businesses and public institutions in the country through monthly or installment-payment plan.

According to him “Altpower offers a more reliable and affordable energy source to under-served homes and businesses as well as those living and doing business in communities that do not have any access to electricity. It is a reliable, accessible and affordable solution that is scale-able to meet every customer’s desired energy needs,” he said

Mohammed Yinusa, Head of Digital Business, Sterling Alternative Finance

Listing available options, he urged individuals and businesses that need reliable and affordable power solutions to visit to start enjoying uninterrupted power supply through buy outright, lease to own or power as a service (PaaS) subscription.

[Also Read] Sterling Bank is one of only a few Nigerian banks providing funding for solar projects

The buy outright option is for customers possessing the financial ability to make full payment for the equipment of the alternative energy package of choice. However, the lease to own package allows customers that cannot afford to pay at once to spread payment for up to a year without

by Chibisi Ohakah, Abuja

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