Africa is leading the way implementing solar energy based solutions for everyday life.
This is the unlock. This is the thing that makes everything else possible.
Here’s the model:
- A company (Sun King, SunCulture) installs a solar system in your home
- You pay ~$100 down
- Then $40-65/month over 24-30 months
- The system has a GSM chip that calls home
- No payment = remotely shut off
- Keep paying = keep power
- After 30 months = you own it, free power forever
The magic is this: You’re not buying a $1,200 solar system. You’re replacing $3-5/week kerosene spending with a $0.21/day solar subscription (so with $1.5 per week half the price of kerosene) that’s cheaper AND gives you better light, phone charging, radio, and no respiratory disease.
The default rate? 90%+ of customers repay on time.