Established in 2011, SolarAfrica is a solar photovoltaic (PV) financing company, providing a financing solution for rooftop systems of less than 1MW for Commercial & Industrial (C&I) and residential clients. Currently focused on South Africa, SolarAfrica finances a project’s construction phase through to commercial operations, working with engineering, procurement and construction (EPC) contractors for project installation and then providing monitoring and maintenance going forward. Taking into account the high up-front cost for a solar PV system, SolarAfrica offers an alternative to outright purchase. SolarAfrica enters into power purchase agreements (PPAs) with its clients, with the clients having to pay only for the amount of solar energy they consume, according to an agreed price (indexed according to the rate of consumer price inflation) for the duration of the PPA (usually 10-15 years). SolarAfrica aims to offer its clients savings of 20-40% compared to electricity tariffs charged by local municipalities or the national utility. They accomplish this through the use of an internally developed proprietary software solution which calculates the optimal scale and other parameters of the solar system and takes advantage of the competitive pricing of solar PV power after years of rapidly falling costs. To date, SolarAfrica has installed more than 34,000 solar panels, avoiding more than 12,000 tonnes of CO2.