Sterling launches energy package for homes, firms

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. The energy solution will provide consumers with flexible and pocket-friendly options as it comes with a financing option. Mohammed Yinusa, Head of Digital Business at SAF […]

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.

The energy solution will provide consumers with flexible and pocket-friendly options as it comes with a financing option.

Mohammed Yinusa, Head of Digital Business at SAF in a statement, said: “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 customers could get the package through buy outright, lease to own or get the Power As A Service (PAAS) subscription.

While the lease to own package allows customers that cannot afford to pay at once to spread payment for up to a year without interest, customers on 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.

Citing the benefits of Altpower, Yinusa said the solution would immediately eliminate the cost associated with powering diesel or petrol generators, noise pollution and provide efficient power.