Solar PV finance
Stanbic Bank supports your shift to sustainable energy with tailored Solar Financing solutions. By helping you adopt solar power, we reduce your energy costs and strengthen the long-term resilience and sustainability of your agricultural business.
Here are a few powerful ways we can help you
Flexible finance
Tailored repayment plans that align with your cash flow cycles.
Vendor partnerships
Access to trusted vendors for competitive quotes and professional installation.
Cost savings
Significant reduction in electricity expenses by 30-40%, enhancing your bottom line.
Sustainability
Support the eco-friendly practices that contribute to a greener future.
Switch to Solar. Save More.
Cut costs and power your farm sustainably. Let’s help you get started.
Solar Financing Frequently Asked Questions (FAQs)
Why should I go solar?
With the current rising electricity tariffs in Kenya and the East African Region, Solar PV solutions (Grid-tied, Hybrid and Off-grid systems) provides you with energy savings of between 30 - 40% of current total energy costs.
How do I determine the right size solar energy system?
The ideal size of your solar system is dependent on your available generation capacity (productive rooftop or ground space) and your current annual electricity consumption as per the KPLC bills. This will be further re-affirmed by a comprehensive energy audit carried out by an experienced energy specialist from a reputable Stanbic Bank’s empaneled EPC (Engineering, Procurement and Construction) company. The report will provide you deeper insights on your current power consumption patterns factoring in all the seasonality dynamics and a comprehensive breakdown of the size and cost of your system.
How does Stanbic Bank (SBK) facilitate the process?
As Stanbic Bank, we provide advisory services to our customers, and we have partnered with experienced and capable EPC’s or technology providers to support you on your energy journey. The EPC will carry out a comprehensive energy audit to fully understand your energy needs and design a suitable system that will meet your current and future energy needs. The report will consist of a detailed technical proposal and cost breakdown for the system from installation to operation and maintenance (O&M) of the solar plant.
Stanbic Bank has tailor-made financing solutions for your Solar System.
Stanbic Bank has tailor-made financing solutions for your Solar System.
What are my solar financing options?
Stanbic Bank will provide financing for all systems i.e., Grid-tied, Hybrid and Off-grid systems with different financing structures. These will be based on the detailed energy audit report from the technology provider or EPC.
How do we progress?
Share with us your KPLC power bills for the last 12 months through your relationship manager.
Will I still need KPLC if I have solar panels?
Based on the solar system of choice (Grid-tied, Hybrid and Off-grid systems) you may choose to stay connected to the grid or fully off-grid. If you choose to stay on the grid, you will notice huge energy savings from your annual bills based on the load profile offset. If you choose to totally go off-grid, you will be totally independent of KPLC with your own energy generation system.