Solar Financing

Information on Solar Loan financing for businesses.

Staying in business often requires staying connected to an efficient and constant source of power supply. In a challenging environment where power supply can be unreliable, an FCMB Solar Energy Loan may be what you need to give your business that advantage.

  1. No collateral
  2. Maximum loan amount of N50 Million
  3. Maximum tenor of 36 months
  4. Every registered business could be eligible for this loan.

HOW TO APPLY

  1. Select your energy plan from your preferred vendor
  2. Click “I am interested” and provide the necessary information

ENERGY PLAN

click here

CATEGORY A

Capacity Features What It Can Power Price(s) Warranty
60W 60W Inverter, 1 Solar Panel (80W), 1 Battery (12hrs run time) 1 Laptop, 1 LED TV, 3 Bulbs, 1 Fan, 24" TV N300,000 - N350,000 Up to 36 Months
100W 100W Inverter, 1 Solar Panel (100W), 1 Battery (16hrs run time) 1 Laptop, 1 LED TV, 3 Bulbs, 1 Fan, 32" TV N400,000 - N510,000 Up to 36 Months
1KVA 1KVA Inverter, 2 Solar Panels (300W), 1 wetcell Battery (200Ah), Charge Controller, Cables and Accessories 1 Laptop, 1 LED TV, 1 Decoder, 1 DVD Player, 5 Light Bulbs, 2 Fans N950,000 - N1.1m Up to 18 Months
1.5KVA 1.5KVA Inverter, 4 Solar Panels (300W), 2 wetcell Batteries (200Ah), Charge Controller, Cables and Accessories 2 Laptops, 1 LED TV, 1 Decoder, 1 DVD Player, 5 Light Bulbs, 3 Fans N1.76m - N1.9m (Delmar Batteries), N2.7m (EastMan/GSR), N2.7m - N4m (SRNE Lithium Ion) Up to 18 Months
2KVA 2KVA Inverter, 4-6 Solar Panels (350W), 2 wetcell Batteries (200Ah), Charge Controller, Cables and Accessories 2 Laptops, 2 LED TVs, 1 Decoder, 1 DVD Player, 5 Light Bulbs, 4 Fans N2.17m (Delmar Batteries), N2.17m (EastMan/GSR), N3.15m (SRNE Lithium Ion) 18 - 36 Months

CATEGORY B

Capacity Features What It Can Power Price(s) Warranty
3KVA 3KVA Inverter, 8-12 Solar Panels (350W), 4 wetcell Batteries (200Ah), Charge Controller, Cables and Accessories 3 Laptops, 2 LED TVs, 1 Decoder, 1 DVD Player, 5 Light Bulbs, 2 Fans, 1 Refrigerator N2.75m (Lead Acid, Tubular Batteries) 18 - 36 Months
3.5KVA 3.5KVA Inverter, 8-12 Solar Panels (350W), 4 wetcell Batteries (200Ah), Charge Controller, Cables and Accessories 3 Laptops, 2 LED TVs, 1 Decoder, 1 DVD Player, 5 Light Bulbs, 2 Fans, 1 Refrigerator N3.75m (Delmar Batteries), N3.75m (EastMan/GSR), N5.70m (SRNE Lithium Ion) 18 - 36 Months

CATEGORY C

Capacity Features What It Can Power Price(s) Warranty
5KVA 5KVA Inverter, 8-16 Solar Panels (350W), 4-8 wetcell Batteries (200Ah), Charge Controller, Cables and Accessories 3 Laptops, 2 LED TVs, 1 Decoder, 1 DVD Player, 8 Light Bulbs, 3 Fans, 1 Freezer, 1 Refrigerator N5.52m - N7.2m (Delmar Batteries), N5.52m - N7.2m (EastMan/GSR), N6.09m - N10m (SRNE Lithium Ion) 18 - 36 Months
7.5KVA 7.5KVA Inverter, 16-32 Solar Panels (350W), 8-12 wetcell Batteries (200Ah), Charge Controller, Cables and Accessories 3 Laptops, 2 LED TVs, 1 Decoder, 1 DVD Player, 10 Light Bulbs, 3 Fans, 1 Freezer, 1 Refrigerator, 1 1Hp Air Conditioner (or 1.5Hp Inverter Air Conditioner) N8.28m - N9m (Delmar Batteries), N8.28m - N9m (EastMan/GSR), N12.81m - N14m (SRNE Lithium Ion) 18 - 36 Months
10KVA 10KVA Inverter, 16-32 Solar Panels (350W), 8-12 wetcell Batteries (200Ah), Charge Controller, Cables and Accessories 4 Laptops, 2 LED TVs, 2 Decoders, 2 DVD Players, 10 Light Bulbs, 3 Fans, 1 Freezer, 2 1Hp Air Conditioners N9.90m - N10.5m (Delmar Batteries), N9.90m - N10.5m (EastMan/GSR), N13.8m - N14.2m (SRNE Lithium Ion) 18 - 36 Months

I AM INTERESTED

FAQS

FAQS FOR SOLAR FINANCING SOLUTIONS
  1. What range of products are available and at what price?

    2. We offer three main categories of solar products:

    • Mobile Solar Home Systems: These are portable units that are easy to carry around.
    • Roof Top Systems: These include an inverter, roof panel, and batteries.
    • Productive use of energy solar freezers, solar vaccine fridges, solar cold rooms, Energy-efficient equipment, solar cold tricycles.
  2. Who are the product vendors?

    3. We have partnered with several reputable vendors to provide our solar products.

  3. How do I know what energy plan works for me?

    4. Our partnered vendors will visit your premises to assess your energy needs and recommend the best solar solution for you.

  4. Can I get help in checking my energy need before I make a commitment?

    5. Yes, vendors will conduct an energy audit for rooftop systems to determine your specific needs. Mobile solar home systems and freezers typically do not require an audit.

  5. Do the products come with a warranty?

    6. Yes, all our products come with a warranty. The duration of the warranty varies by product type and will be communicated by the vendor.

FINANCING FAQs
  1. Can I get a loan for all the product types?

    2. Yes, you can obtain financing for any of our solar product offerings.

  2. What is the tenor of the loan?

    3. Our loans have a minimum tenor of 3 months and a maximum tenor of 36 months.

  3. How much loan can I get?

    4. You can receive up to 80% of the total cost of the solar product, with a maximum loan amount of N50 million.

  4. What is the interest rate?

    5. Our interest rates are competitive and tailored to provide you with the best financing solution.

  5. Do I need to make an equity contribution?

    6. Yes, a minimum contribution of 20% of the product's cost is required.

  6. How do I proceed if I'm interested?

    7. Existing Customers: Visit your nearest branch or contact the renewable energy unit to check your eligibility. You can also apply through one of our accredited vendors who will conduct an energy audit.

    New Customers: Visit your nearest branch to check eligibility, open an account, present statements from other banks, and undergo an energy audit.