NCBA has introduced two new leasing solutions, the Solar PV and Executive Leasing. They are targeted at enabling businesses to embrace renewable energy in an impactful and cost-effective way. Launched by NCBA Leasing LLP, these options provide businesses with an affordable and flexible means to adopt sustainable energy solutions. They will enhance their environmental impact and reducing energy expenses.
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7 to 10 years Leasing Period
Unlike traditional leases with terms of 3 to 5 years, NCBA’s leasing periods span 7 to 10 years. This extended term allows for lower monthly rental rates, making the shift to renewable energy more accessible and affordable. “Our lease-to-own model provides businesses with an affordable way to adopt renewable energy without the financial strain of upfront costs.” Said Mr. Lennox Mugambi, NCBA Group Director, Asset Finance and Business Solutions. “With extended lease periods and flexible payments, clients can seamlessly transition to solar energy while realizing immediate savings.”
NCBA’s Solar PV leasing solution directly supports their “Change the Story” sustainability commitment launched last year. It reflects their dedication to climate action and sustainable business practices. This solution positions businesses to cut down on traditional energy reliance, thereby reducing operational costs while offering control over electricity expenses. As Mr. Mugambi noted, markets with strong solar adoption see businesses saving up to 40% on energy costs, enhancing sustainability and financial performance.
Moreover, Solar PV leasing is structured as an operational expense [OPEX], allowing businesses to reduce monthly energy costs without requiring significant upfront investments. This approach not only aligns with global sustainability goals but also provides companies with a practical path to environmental stewardship, financial stability, and reduced carbon emissions.
