The benefits of solar energy are clear—but what about the cost?
Many Nigerians want to switch to solar. The idea of having uninterrupted power, lower electricity bills, and freedom from fuel shortages is appealing. But there’s one major concern that holds people back: the upfront cost.
Solar panels and installation can be expensive, making it feel like a luxury instead of an essential solution. For families and businesses that struggle with unreliable electricity, this creates a frustrating dilemma: stick with generators and high fuel costs or find a way to afford solar?
That’s why Michael Olaitan and his team at PowerNow are on a mission to remove the financial barrier and make solar accessible to more Nigerians.
The Problem: Why Many Nigerians Can’t Afford Solar—Yet
Solar energy isn’t just about installing panels—it’s an investment. And like any investment, the initial cost can be high.
A standard solar setup for a small household can cost anywhere from ₦500,000 to ₦3 million, depending on energy needs. Larger homes and businesses need even more powerful systems, which cost more.
For many Nigerians, paying this amount all at once is simply not realistic. They either delay switching to solar or continue spending thousands of naira on fuel every month—a temporary fix that costs more in the long run.
“When we talk to people, they want solar. They love the idea of lower bills and stable power. But the cost stops them. That’s why we knew we had to fix this problem.” — Michael Olaitan
The Solution: PowerNow PayLater’s Affordable Solar Financing
Michael Olaitan and his team at PowerNow believe no one should be locked out of clean energy because of cost.
That’s why they’ve introduced flexible payment plans—allowing Nigerians to install solar systems without paying everything upfront. Instead, customers can spread the cost over months or even years, making solar as easy to afford as a monthly electricity bill.
How It Works
1. You choose a solar plan based on your energy needs.
2. PowerNow PayLater installs the system in your home or business.
3. You pay in convenient installments over time.
4. You enjoy stable, affordable, and clean energy from day one.
This financing model means more Nigerians can ditch their expensive generators, reduce electricity costs, and finally enjoy uninterrupted power—without breaking the bank.
Michael Olaitan puts it simply: “Access to financing is key. We don’t want cost to stop anyone from getting the clean, sustainable energy they deserve.”
The Benefits of Switching to Solar with Financing
Switching to solar isn’t just about getting reliable power—it’s about long-term financial freedom.
1. You Save Money Over Time
Generators seem cheaper at first, but fuel, maintenance, and repairs add up. A financed solar system means you pay a fixed amount monthly while eliminating fuel and repair costs. Over time, solar is the smarter financial choice.
2. No More Fuel Shortages or Blackouts
Nigeria’s power situation is unpredictable, and fuel prices keep rising. With a solar system in place, you’re no longer at the mercy of fuel scarcity, high tariffs, or unstable electricity grids.
3. Better for the Environment
Generators release harmful emissions and contribute to air pollution. Solar power is clean, renewable, and sustainable—helping to create a healthier future for everyone.
4. Businesses Can Operate Without Power Disruptions
Power cuts are a major problem for businesses. From retailers to corporate offices, every minute without electricity affects productivity and revenue. Financing solar helps businesses stay operational without worrying about fuel costs or blackouts.
Ready to Go Solar? Here’s How to Start
If you’ve been considering solar but hesitating because of cost, PowerNow has made it easier than ever to make the switch.
With flexible financing options, you can get started today and enjoy stable, clean energy without the financial strain.
Interested in learning more? Let’s talk about your options. Click here to explore PowerNow PayLater’s solar plans today!
