Housing Finance has announced the introduction of SOLA Pawa Leasing, a solar financing solution that complements its recently launched Solar Financing Loan.
The financing solution which targets both residential and commercial properties is not only in response to the Energy (Solar Water Heating) Regulations, 2012, but also seeks to address the prohibitive upfront costs required to invest in solar energy.
The leasing product offers several long-term lease options with flexible terms that reduce capital expenditure. The solution is available to customers seeking to acquire solar water heating systems and solar systems for any other use such as lighting.
Speaking at the Solimpexs Africa Solar Energy Symposium, held yesterday at a Nairobi hotel, Housing Finance Managing Director Frank Ireri said the mortgage firm is committed to developing products that are tailor-made to meet the needs of their customers.