What financial challenges do individuals face when trying to purchase off-grid equipment and systems?
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Individuals face financial challenges when purchasing off-grid equipment and systems due to various factors. In remote areas without grid-connected energy, families spend a significant amount on lighting, such as on candles and kerosene, which can amount to 10.5 billion USD annually . The value of electricity is often difficult to perceive compared to tangible items like kerosene, making it harder for individuals to assess its worth . Moreover, in countries like Namibia, where off-grid electrification is crucial, the costs of connecting widespread populations to the main grid are often prohibitive, leading to a reliance on expensive imported electricity . These financial barriers highlight the need for innovative solutions and supportive policies to make off-grid systems more accessible and affordable for individuals in remote areas.
Answers from top 5 papers
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| Papers (5) | Insight |
|---|---|
Open access 01 Jan 2016 | Individuals face challenges valuing electricity due to its intangible nature. Small-scale projects may lack confidence, while larger initiatives like Tanzania's One Million Solar Homes aim to overcome participation hurdles. |
29 May 2021 | Financial challenges individuals face include costly retail or generation licensing procedures, discouraging investors, and the lack of access to finance for initiating mini-grid projects, hindering off-grid equipment and system purchases. |
| Off-grid individuals face financial challenges spending 1-2 USD/week on lighting in Africa, totaling 10.5 billion/year on candles and kerosene due to lack of electricity access. | |
| Not addressed in the paper. | |
| Not addressed in the paper. |
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