Sterling Alternative Finance (SAF), the non-interest banking division of Sterling Bank Plc, has announced the launch of Altpower – a clean and affordable energy solution for homes and businesses across the country.
Mohammed Yinusa, Head of Digital Business, SAF, disclosed in a statement that the energy solution would provide consumers with flexible and pocket-friendly options.
He said that the package 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.
According to him, Altpower was designed to provide accessible alternative (solar/renewable)power solutions to homes, businesses and public institutions in the country through monthly or instalment-payment plan.
“Altpower offers a more reliable and affordable energy source to underserved 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 scalable to meet every customer’s desired energy needs,” he said.
While listing available options, he urged individuals and businesses that need reliable and affordable power solutions to visit altpower.ng to start enjoying uninterrupted power supply through buy outright, lease to own or Power as a service (Paas) subscription.
“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 interest.
“For both category of customers, Altpower curates all the energy products the customer needs to ensure that he has uninterrupted power supply.
“These energy products range from inverters to batteries, UPS, surge protectors, solar home systems among others,” he said.
Yinusa said said a customer who opts for Paas would have solar powered inverters delivered and installed without making an advance fee or payment, adding that the customer will only be required to pay a monthly rental fee.
“Paas gives this category of customers more than power as he also gets free installation, maintenance, device to visualize and track his power usage without paying a deposit.
“Customers do not have to worry about owning and maintaining the equipment or fixing any issue that might arise in the course of usage.”
Citing the benefits of Altpower, the head of digital business said that the solution would immediately eliminate the cost associated with powering diesel or petrol generators and its accompanying noise pollution.
“Other benefits are access to clean and sustainable energy, effective monitoring and efficient use of power.
“The power and solar powered solution allows customers to charge their batteries when there is sunlight or use power from the grid when sunlight is not available, thereby making it a win-win solution,” he said.
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