The SEOS partnership will scale up a financing platform to facilitate rooftop solar adoption in Colombia and Mexico.
P4G has provided the partnership with US $694,463 in grant funding.
This partnership hopes to overcome two main barriers to the energy transition: upfront capital and lack of green financing mechanisms for the residential sector.
Through its platform, SEOS will connect Distributed Energy Resources (DER) installers with clients to offer up to 100% financing for residential solar adoption. They will also provide digital tools through an end-to-end platform that increases the efficiency of daily operations.
SEOS offers a sustainable revenue model with impact throughout the value chain. This will help consumers save up to 90% on utility bills and protect against power outages, while reducing CO2 emissions and enabling installers to increase their sales threefold.
The partnership will leverage P4G’s network of partners to test, improve and scale the model in the region that can target low- to middle-income consumers. The partnership also seeks to address regulatory barriers through technical studies to reduce reactive energy billing and increase installed solar capacity.
With the residential sector accounting for up to 70% of electricity emissions, this approach is key to making renewable energy accessible to consumers, while meeting Mexico and Colombia’s ambitious emissions reduction targets.
Solar financing for sustainable energy