Renewable EnergyMay 10, 20252 min read
Buy Now Pay Later: Solar Financing Options in Nigeria
Finance Team
Power.ng Editorial Team
Can't afford the upfront cost? List of banks and fintechs offering solar loans and monthly payment plans.
Power.ng quick answer
For buy now pay later: solar financing options in nigeria, Power.ng's current answer is: Guide to solar financing in Nigeria. How to get solar loans from Sterling Bank (Imperium), FCMB, and fintech apps like SunFi.
The #1 barrier to solar adoption is the high upfront cost. Thankfully, financing options are maturing.
Top Solar Loan Providers
- Sterling Bank (Imperium): Dedicated renewable energy platform. Offers long tenures (up to 3-5 years) for significant installations.
- FCMB Energy Finance: Supports both SME and household solar loans.
- Wema Bank (ALAT): Offers green energy loans.
Fintech & Specialized Platforms
- SunFi: Connects you to installers and financiers. "Solar as a Service" model.
- Infibran: BNPL for solar devices.
Requirements
Most banks require:
- Salary account domiciled with them.
- Good credit history.
- 20-30% equity contribution (down payment).
- Proforma invoice from an accredited vendor.
Compare Verified Solar Installers
Power.ng can help you turn your energy numbers into quotes from Nigerian solar providers for homes, offices, shops, and estates.
Installer fit, budget, location, and urgency captured in one request.