Episode description

How can homeowners make the switch to solar energy without breaking the bank?

Founded in 2022, Okapi Solar is on a mission to make solar power more accessible to homeowners by offering financing solutions that eliminate the high upfront costs typically associated with solar panel installations. Okapi buys the solar panels first, and then leases it to homeowners.

Zhern Yung and Christopher, both with backgrounds in banking and engineering, share their journey of leaving the corporate world to venture into entrepreneurship. They discuss the challenges and opportunities they’ve encountered in the solar energy sector, and how their experience has shaped Okapi’s approach to financing.

Okapi Solar’s financing plans are designed specifically for landed residential properties, allowing homeowners to install solar panels with zero upfront payment and fixed monthly lease payments over a period of up to 10 years. The co-founders delve into the company’s business model, the balance between raising and deploying funds, and the importance of evaluating customer creditworthiness to maintain a healthy business.

As Okapi Solar targets financing 100 residential solar energy systems per month by the first quarter of 2025, Zhern Yung and Christopher also discuss their future plans, including scaling their operations, expanding partnerships with solar installers, and much more.

Tune in to learn how Okapi Technologies is lowering the barrier to solar power adoption, and what lies ahead for this innovative startup.

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