One of the biggest factors for poverty reduction is access to affordable, reliable energy. Two-thirds of households in sub-Saharan Africans lack this, which leads them to spend between 10 and 15% of their income on inefficient sources of lighting (candles, kerosene, wood, etc). As compared to the U.S., where the average household spends just 2% of their income on lighting, heating/cooling, refrigeration, and cooking. In total, off-grid households around the world account for 20% of all global lighting expenditures but receive only 0.1% of the lighting services.
In southern Africa 50% of the population lives on less than $1 a day, making even inexpensive solar lights a financial investment. Elephant Energy offers a “pay-go” option for our solar solutions which makes solar energy affordable to the most impoverished communities. Typically, these systems are paid off within four months and save the household more than 20 times the initial investment over their five-year life.
THE PURCHASE OF ONE SOLAR LIGHT FROM EE, INCREASES THE HOUSEHOLD SAVINGS AN AVERAGE OF 15% - ENOUGH TO RAISE 16-26 MILLION PEOPLE OUT OF POVERTY
SMALL BUSINESSES THAT PURCHASE EE SOLAR LIGHTS SEE AN INCREASE IN INCOME BY AN AVERAGE OF 25%