In our previous article, we highlighted the benefits of solar power as a cost-effective and sustainable energy source. Solar power can help reduce carbon footprint, promote energy diversification, and ensures a more sustainable energy future. Through its steady and reliable power supply, solar power reduces dependency on the grid and diversifies your energy sources.
Due to the increase in electricity tariff for Band A customers from N68 to N206 per kilowatt-hour (kWh), rising inflation, diesel costs, and frequent grid collapses over the last quarter; businesses are struggling to manage their energy expenses. For most businesses, this may significantly affect their bottom line.
In such a scenario, it’s important to consider alternative and more affordable power options such as solar power. At Starsight Energy, we offer zero upfront cost renewable energy solutions to our commercial and industrial clients. This means you can leverage these services without paying any initial CAPEX or upfront fees to secure your energy supply from solar power.
Zero upfront costs provide financial flexibility for businesses, allowing you to allocate resources to other needs in challenging economic environments. Our renewable energy solutions offer multiple benefits such as:
- Energy diversification and supply assurance: Businesses can commence their carbon reduction journey by diversifying their energy supply and increasing energy supply assurance for their production processes or commercial ventures without complicated capex budget provisions.
- Value: Businesses outsource their renewable energy requirements to experts like us, ensuring the system functions optimally and clients get value from the power infrastructure.
- Cashflow Management: Improved cash flow management and planning are possible with zero upfront costs, as payments are spread over time rather than an initial lump sum. Energy costs are treated as OPEX instead of CAPEX.
Let’s imagine, as a business, your electricity consumption is 52,700 kWh during the day for a whole month; how will your expenses add up:
| Electricity Consumption over 30 days | 52,700 kWh | |
| Price/kWh | Monthly Total Spend | |
| On the grid before Q2,2024 | N68/kWh | N3,583,600 |
| On the grid after the increase in electricity tariff (i.e. from Q2, 2024) | N206/kWh | N10,856,200 |
| Average sun hours within Nigeria | 4 hours | |
| On Solar Power | N100 – N150 kWh | N1,756,666 to N2,635,000 |
| On Solar Power and Grid | N9,661,666 to N10,540,000 | |
| % Saving | 20% – 11% | |
We offer more than solar generation with zero upfront costs. We also provide energy efficiencies that help reduce your business’s consumption.
Starsight Energy is your one-stop solution for all your solar power needs. We offer tailored design, installation, operation & maintenance, remote monitoring, and customer support. With us, you’re not just getting solar power, you’re getting a reliable and comprehensive service.
Contact us today, and let us help you generate clean energy for your business.
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About Starsight Energy
Starsight Energy is a prominent energy-as-a-service and cooling solutions provider in Africa, with a significant presence in Nigeria, Ghana, and Kenya. Our primary objective is to offer complete solar solutions at no upfront cost, enabling our clients to drastically reduce their annual energy expenses, enhance energy efficiency, and reduce their carbon footprint.
We take pride in our meticulous, data-driven site evaluation process, which enables us to create customised solutions that meet your business needs. Our variety of services ensures that we meet diverse client needs.
For more information about Starsight Energy and our commitment to sustainable energy solutions, please visit our website at www.starsightenergy.com or info@starsightenergy.com