Kerosene lamp

1.3 billion people in the world lack access to electricity. They depend on mostly kerosene to use as light at night, which gets expensive over time and poses a lot of health risks at home (think toxic fumes and accidental fires). But there is a viable solution already available today: affordable solar energy. In the last 5 years, the cost of solar PV technology has dropped so drastically that companies are sprouting up all over the developing world to manufacture and distribute affordable solar products to light up unelectrified homes. These products range from basic torch lights to entire solar home systems that can power multiple lights, cellphone charging, radio, and even TV. So what’s enabling the off-grid solar revolution? Here are the three main reasons:

End-User Financing That Makes Sense

While the cost of solar has gone down, many of…