To tackle the challenge of perennial power outage in the country, Sterling Alternative Finance (SAF), the non-interest banking division of Sterling Bank Plc, has offered clean and affordable energy solutions to sustain the homefront and strengthen businesses across Nigeria.
The energy solution known as ‘Altpower’ was designed to provide accessible alternative power through a combination of solar and renewable sources for private and public use.
Would-be beneficiaries are expected to subscribe to the package via monthly or installment-payment plan.
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According to a statement by Head of Digital Business, SAF, Mr. Mohammed Yinusa, on Sunday, the energy solution known as Altpower, came with a package of financing that would provide consumers with flexible and pocket-friendly options.
“It 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 scalable to meet every customer’s desired energy needs.”
Yinusa, while elaborating on the available options said businesses and individuals can subscribe to the service through buy outright, lease to own or Power as a service (Paas) subscription.
He added that the options and other information on the power solutions and subscription plans are available on Altpower.ng.
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“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 categories 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 a customer who opted for Paas would have solar powered inverters delivered and installed without making an advance fee or payment, adding that the customer would only be required to pay a monthly rental fee.
“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 solutionnan.’’
