Access Bank has unveiled its “Switch to Solar” campaign for households and businesses across the country to tackle climate change and promote a friendly and cleaner energy environment targeted at supporting a transition to a low-carbon economy.
The Bank said the campaign will provide accessible financing solutions for individuals and businesses to acquire solar power products, including solar panels, inverters, and batteries through their partnership with accredited vendors.
Switch to Solar by Access campaign will enable businesses to access up to N50 million and individuals, N10 million, for the financing of Solar PV, batteries, and inverters along with installation, with about 10 per cent equity contribution on invoice value.
Speaking to the media, group head, Consumer Banking, Access Bank, Njideka Esomeju said “in alignment with our commitment to social responsibility and sustainable development, Access Bank Retail banking aims to promote cleaner energy solutions within our communities.”
She added that recognising the critical role that renewable energy plays in reducing carbon footprints and fostering environmental sustainability, we are launching a targeted initiative to facilitate the acquisition of solar power products through flexible financing options with the Switch to solar product.
Esomeju stated that in ensuring this the Bank is in collaboration with credited vendors across the country that are selling solar products.
Also, the regional sales director, Lagos 1, Access Bank, Mr. Bolarinwa Animasehun said the ‘Switch to Solar’ initiative followed the bank’s engagements with its customers.
Animashaun said the initiative was in line with the objectives of Economic, Social, and Governance Goal 7. He said the product could be acquired without pressure on customers, adding that payment could be made over 48 months and an individual salary earner could be able to access N10 million.
The Group head of Women Banking at Access Bank, Abiodun Olubitan added that “We want to take this awareness, in collaboration with our partners, to the doorsteps of every community around us, one individual at a time and one cluster at a time.
“We also plan to educate people about the benefits of solar energy and its impact on environmental sustainability.”