Renewable energy and energy efficiency

Solar Energy Loan

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 N3 Million
  3. Maximum tenor of 12 months

Frequently Asked Questions

There are two broad categories of products
1. Mobile Solar Home System (Portable unit, easy to carry around)
2. Roof Top System (Consists of inverter, roof panel and batteries)

FCMB is in partnership with the following provider
1. A4&T Integrated Solutions
2. High Prevue International Ltd.
3. ACOB Lighting

yes. Vendors will carry out an energy audit for roof top systems. Mobile solar home systems will not require an audit

A4&T INTEGRATED
PRODUCT
SPEC
PRICE (NAIRA)
BASED ON BATTERY TYPE
Rita Battery - 12 Months warranty, Index Battery - 12 Months warranty, Lithium Ion Battery - 36 Months
EXAMPLES OF APPLIANCES WITHIN
RANGE
60watts Lithium ion - N90,000 Mobile charging, 3 Light bulbs, 1 Laptop, 1 Standing Fan
100 watts Lithium ion - N145,000 4 pieces of 5 watts bulbs; 1 standing fan; 2 USB port for phone charging with multipurpose cable; 5 light points
0.8KVA Rita – N486,000
Index - N505,000
1 laptop, 1 LED TV, 1 decoder, 1 DVD player, 3 light bulbs, 1 fan
1.5KVA Rita – N732,000
Index – N765,000
Lithium ion- N1,045,000
2 laptops, 1 LED TV, 1 decoder, 1 DVD player, 5 light bulbs, 3 fans
3.5KVA Rita – N1,334,000
Index – N1,395,000
Lithium ion – N1,955,000
3 laptops, 2 LED TV, 1 decoder, 1 DVD player, 5 light bulbs, 2 fans, 1 fridge
5KVA Rita - 1,844,000
Index - N1,905,000
Lithium ion – N2,515,000
3 Laptop, 2 LED TV, 1 Decoder, 1 DVD, 7 Light Bulbs, 3 Fans, 1 Freezer
7.5KVA Rita – N3,138,000
Index – N3,250,000
Lithium ion – N4,470,000
1 Decoder, 2 LED TV, 1 DVD, 10 Bulbs, 3 Laptops, 3 Fans, 1 Refrigerator, 1 Freezer, 1HP AC or 1.5HP inverter AC
10KVA Rita – N3,348,000
Index – N3,460,800
Lithium ion – N4,680,800
4 laptops, 2 LED TV, 2 decoder, 2 DVD players, 10 light bulbs, 3 fans, 1 freezer, 2 1HP ACs

HIGH PREVUE INTERNATIONAL LTD
PRODUCT
SPEC
PRICE (NAIRA)
BASED ON BATTERY TYPE
Lead Acid Battery - 12 Months warranty, Lithium Ion Battery - 36 Months
EXAMPLES OF APPLIANCES WITHIN
RANGE
40watts Lithium ion - N40,000 4 LED Bulbs, 1 Torch, 1 Radio, Charge 4 phones
0.8KVA Lithium ion - N188,000 1 Laptop, 1 LED 32' TV, 1 Home Theatre, 1 DSTV Decoder, 6 LED Bulbs, 2 Fans, Hair Clipper, Home use Grinding Machine, 15 phone charging
1.0KVA Lead Acid – N400,000
1 laptop, 1 Plasma TV, 1 Home Theatre, 1 DSTV Decoder, 6 bulbs, 2 fans, 1 medium Refrigerator, solar pumping machine
1.5KVA Lead Acid – N495,000
1 laptop, 1 Plasma TV, 1 Home Theatre, 1 DSTV Decoder, 8 bulbs, 4 fans, 1 medium Refrigerator, solar pumping machine
2KVA Lead Acid – N791,000
2 laptops, 2 Plasma TV, 1 Home Theatre, 1 DSTV Decoder, 8 bulbs, 4 fans, 1 medium Refrigerator, solar pumping machine, washing machine
2.5KVA Lead Acid - 890,000
2 Laptop, 2 Plasma TV, 1 Home Theatre, 1 DSTV Decoder, 10 Bulbs, 4 Fans, 1 Freezer, solar pumping machine, washing machine
3.0KVA Lithium ion – N1,576,000 2 Laptops, 2 Plasma TV, 1 Home Theatre, 1 DSTV Decoder, 10 Bulbs, 4 Fans, 1 Freezer, solar pumping machine, washing machine, 1 Solar AC (short term use only)
3.5KVA Lead Acid – N1,555,000
2 laptops, 2 Plasma TV, 2 Home Theatre, 1 DSTV Decoder, 12 bulbs, 4 fans, 1 freezer, solar pumping machine, washing machine, 1 AC
5KVA Lead Acid – N1,639,000
2 laptops, 1 Heater, 1 Plasma TV, 1 Home Theatre, 1 DSTV Decoder, 12 bulbs, 4 fans, 1 freezer, solar pumping machine, 1 cold water dispenser, washing machine, 1 Electric Iron
6KVA Lithium ion – N2,222,000
4 laptops, 1 Plasma TV, 1 Home Theatre, 1 DSTV Decoder, 16 bulbs, 4 fans, 1 freezer, solar pumping machine, 1 heater, 1 cold water dispenser, 1 washing machine, 1 Electric Iron
7.5KVA Lead Acid – N1,950,000
6 laptops, 3 Plasma TV, 2 Home Theatre, 2 DSTV Decoder, 18 bulbs, 6 fans, 1 freezer, solar pumping machine, washing machine, 2 ACs
12KVA Lithium ion – N4,293,000
4 laptops, 1 Plasma TV, 1 Home Theatre, 1 DSTV Decoder, 21 bulbs, 6 fans, 1 freezer, solar pumping machine, 2 heaters, 1 cold water dispenser, 1 washing machine, 1 Electric Iron
18KVA Lithium ion – N6,343,000
10 laptops, 8 Plasma TV, 8 Home Theatre, 6 DSTV Decoder, 40 bulbs, 8 fans, 4 freezer, solar pumping machine, 2 heaters, 4 cold water dispenser, 4 washing machine, 1 Electric Iron, 6 ACs
24KVA Lithium ion – N8,349,000
14 laptops, 10 Plasma TV, 10 Home Theatre, 6 DSTV Decoder, 50 bulbs, 10 fans, 4 freezer, solar pumping machine, 4 heater, 4 cold water dispenser, 4 washing machine, 1 Electric Iron, 8 AC

ACOB LIGHTING
PRODUCT
SPEC
PRICE (NAIRA)
BASED ON BATTERY TYPE
Rita Battery - 12 Months warranty, Index Battery - 12 Months warranty, Lithium Ion Battery - 36 Months
EXAMPLES OF APPLIANCES WITHIN
RANGE
200watts Lithium ion - N175,000 1 LED TV, 1 fan, 2 LED Bulbs, 1 Decoder, 3 Mobile phones
0.8KVA Rita - N460,181
Index - N477,434
Lithium ion - N348,000
1 LED TV, 2 Standing fans, 1 Decoder, 3 LED Bulbs, 1 Laptop
1.5KVA Rita – N693,495
Index – N726,679
Lithium ion – N975,000
1 LED TV, 3 Fans, 4 LED Bulbs, 2 Laptops, 1 Decoder, 1 Bedside Fridge
2KVA Rita – N709,903
Index – N742,153
Lithium ion – N1,011,000
1 LED TV, 4 Fans, 5 LED bulbs, 3 Laptops, 1 Decoder, 1 small fridge
3.5KVA Rita – N1,273,875
Index – N1,338,375
Lithium ion – N1,729,406
2 LED TVs, 6 Fans, 8 LED bulbs, 3 Laptops, 2 Decoder, 1 Blender, 1 Refrigerator, 1* 1HP Air Cond.
5KVA Rita - N2,272,500
Index – N2,849,500
Lithium ion – N4,116,800
3 LED TVs, 7 Fans, 10 LED Bulbs, 4 Laptops, 3 Decoder, 1 Blender, 1 Refrigerator, 1 HP Air Cond., 4 Channel CCTV, 1 HP Pumping Machine, 1 Washing Machine
7.5KVA Rita – N5,015,735
Index – N5,209,235
Lithium ion – N6,374,266
4 LED TVs, 8 Fans, 12 LED Bulbs, 5 Laptops, 4 Decoder, 1 Blender, 1 Refrigerator, I Freezer, 6 Channel CCTV, 2* 1HP Air Cond., 1HP Pumping Machine
10KVA Rita – N7,176,822
Index – N7,469,220
Lithium ion – N9,230,500
5 LED TVs, 10 Fans, 16 LED Bulbs, 6 Laptops, 5 Decoders, 1 Blender, 1 Refrigerator, 1 Freezer, 8 Channel CCTV, 3* 1HP Air Cond., 1.5HP Pumping Machine, 1 Washing Mashine

Yes, you can.

Yes. The period of warranty will depend on the vendor.

Min of 3 months and max of 12 months

Maximum of 80% of the total cost

Maximum of N3M

Minimum of 18.6%

Please see calculation as shown below:
- Flat Fee (Insurance, RSS, Management, Advisory) 5%
- Interest Rate 13.6%

Minimum of 20% contribution

STEP 1: Identify the energy plan that meets your need
STEP 2: Go to Quick loan portal, determine the amount you can borrow
STEP 3: Apply on the Quick Loan Portal.

Please send your questions to SMEHelpdesk@fcmb.com