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financing7 min read

Solar Financing Options in Zimbabwe: A Complete Guide

T

Tawanda Gumbo

Published on 2024-03-10

Solar Financing Options in Zimbabwe

Switching to solar is a smart long-term investment, but the upfront cost can be a barrier. Fortunately, several financing options are now available for Zimbabwean homeowners and businesses.

1. Bank Loans (Green Energy Facilities)

Many local banks now offer dedicated renewable energy loans.

  • Pros: Lower interest rates than personal loans, terms up to 3-5 years.
  • Cons: Requires collateral and strong credit history.

2. Pay-As-You-Go (PAYG)

This model allows you to pay a deposit and then monthly installments that are often comparable to your previous electricity bill.

  • Pros: Immediate access to power, flexible payment terms.
  • Cons: Total cost of ownership is higher due to interest/fees.

3. Lease-to-Own

Similar to PAYG, but often structured as a rental agreement where ownership transfers after a set period.

FireFlies Energy Financing

We connect you with vetted financial partners who understand solar. By applying through our platform, you get:

  • Pre-approved offers based on your credit profile.
  • Competitive rates negotiated for our platform users.
  • Streamlined application process with our KYC digital onboarding.

Contact us about financing to find out what options are available to you.