Solar Financing & BNPL Plans
Access flexible installment financing for home and commercial solar power systems on ColaSolar.
Solar Financing & BNPL Plans
High initial setup costs should not prevent you from enjoying uninterrupted clean power. ColaSolar partners with vetted clean energy financing institutions to offer Buy-Now-Pay-Later (BNPL) options.
Financing Eligibility Requirements
To qualify for solar installment financing:
- Must be a registered resident or business in Nigeria.
- Verifiable source of income or business revenue.
- Valid BVN / NIN verification.
- 20% to 30% initial down payment at checkout.
Available Financing Models
| Financing Plan | Duration | Down Payment | Ideal For |
|---|---|---|---|
| Solar Lite | 3 Months | 20% | Inverters & Battery upgrades (< ₦1.5M) |
| Home Solar Standard | 6 Months | 25% | Complete 3.5kVA – 5kVA Solar Systems |
| Commercial Max | 12 Months | 30% | Commercial setups (10kVA – 50kVA) |
How to Apply During Checkout
Select "Solar Financing / BNPL" at Checkout
Choose installment payment method on the payment selection page.
Quick Credit Assessment
Provide basic income details and upload 3-month bank statement or utility bill for instant evaluation.
Pay Initial Down Payment
Upon approval, complete the down payment via Paystack to trigger vendor equipment dispatch and installer scheduling.
Early Payoff Bonus: Settling your remaining financing balance ahead of schedule waives all remaining monthly interest service charges!