|From Left: Kenya Operations director
Linda Wamune, Firm’s CEO Steve
Solar energy solutions provider, Sunny Money has slashed prices of its portable solar lighting products by 16 percent, just a few days after the government exempted the technology from value-added tax.
The VAT exemption became effective on May 30, knocking 16 per cent off the cost of solar products but retained taxes on raw materials.
The company which sells and distributes solar lights in Africa, said the move would boost the use of clean energy and accelerate economic growth.
SunnyMoney sells portable Pico solar lights and mobile phone chargers to replace the use of kerosene for lighting.
“Removing VAT on solar products reduces the cost to consumers and aids access to everyone buying solar products,” said Operations Director at SunnyMoney, Linda Wamune.
She said poorest people in Kenya will now access solar lights and phone chargers at the lowest price possible.
The organization praised the government for taking low carbon technology seriously, stimulating demand and lowering the barriers to entry.
According to Wamune the exemption will help reduce use of air-polluting and hazardous lighting like kerosene and candles.