Well-designed subsidies could create a stronger foundation for the solar home system industry and enable it to reach more low-income customers, according to entrepreneur and former PAYGo executive Joshua Romisher.
While PAYGo solar companies can lower delinquency rates by improving their credit risk management practices, improving repayment starts with even more fundamental factors: having an affordable, quality product and effective collections.
Rapid customer growth in PAYGo solar can come with a cost: too many customers that don’t repay. To better understand the realities and challenges of running a PAYGo credit operation, we spoke with heads of credit and risk at PAYGo solar companies, equity investors and creditors.
Averaging $0.40 a day, pay-as-you-go solar energy is affordable for many people — but not everyone. We looked at the costs and benefits of several tactics providers have used to make solar affordable for low-income households.
Roughly 1.1 billion people worldwide lack electricity, and almost 85 percent of those without power live in rural areas. Distributed energy solutions that leverage digital payments open up opportunities to reach millions of people at low cost. In