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PROSOL: Financing Solar Water Heating in Tunisia

The PROSOL programme stimulated the market for solar thermal heaters in Tunisia, where 270,000 new systems were installed between 2005 and 2015. The programme enabled consumers to purchase solar water heaters with minimal upfront costs by providing investment subsidies on a loan with a duration of 5 years. The programme worked with banks to reduce their risk by having the electricity utility acting as a debt collector, helping to increase the supply of finance available for the systems.