Assuming ~50M households in Nigeria, and the current cost of ~$4500 to equip a home with solar, the math is still daunting.
- The equipment needed to keep a three-person home running will pay for itself in as little as 16 months, BloombergNEF research shows — but, at $4,500, getting set up costs about seven times as much as buying a new petrol generator. (It’s the generator’s fueling costs that will eventually bite, at roughly $200 a month.)
(if you're looking for a startup idea for YC, consider a way to finance these systems for consumers; go to the bond market for capital, manage credit risk and accepting payments; your TAM is all of Africa's energy needs)
Assuming ~50M households in Nigeria, and the current cost of ~$4500 to equip a home with solar, the math is still daunting.
- The equipment needed to keep a three-person home running will pay for itself in as little as 16 months, BloombergNEF research shows — but, at $4,500, getting set up costs about seven times as much as buying a new petrol generator. (It’s the generator’s fueling costs that will eventually bite, at roughly $200 a month.)
Related:
Chinese EVs Make Inroads in Nigeria as Gasoline Prices Rise - https://www.bloomberg.com/news/features/2025-02-26/lagos-ev-... | https://archive.today/lMAtD - February 25th, 2025
(if you're looking for a startup idea for YC, consider a way to finance these systems for consumers; go to the bond market for capital, manage credit risk and accepting payments; your TAM is all of Africa's energy needs)