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Solar Financing
What Is Solar Financing?
Solar financing refers to the various methods and mechanisms through which individuals, businesses, or organizations can fund the installation of solar energy systems. Since solar panel systems can involve significant upfront costs, financing options are available to help make them more affordable and accessible to a wider range of consumers.
Common Forms of Solar Financing
Solar Loans
These are traditional loans specifically designed for financing solar energy projects. Borrowers can use the loan to cover the upfront costs of purchasing and installing solar panels, and then repay the loan over time with interest.
Solar Leases
With a solar lease, the solar energy system is owned by a third-party provider who installs and maintains the system on the customer's property. The customer pays a monthly lease payment for the use of the system and typically benefits from lower electricity bills.
Power Purchase Agreements (PPAs)
PPAs are contracts between a solar provider and a property owner, where the provider installs and maintains the solar panels on the property at no upfront cost to the owner. In return, the property owner agrees to purchase the electricity generated by the system at a predetermined rate for a specified period, often 10-20 years.
Property-Assessed Clean Energy (PACE) Financing
PACE financing allows property owners to finance energy efficiency and renewable energy upgrades, including solar installations, through a special assessment added to their property tax bill. PACE financing programs vary by location and may offer favorable terms such as longer repayment periods and fixed interest rates.
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About Us
What We do?
Welcome to SAURAH!
Our goal is simple: We want to make solar energy accessible and affordable for everyone. We're all about bridging the gap between environmental dreams and practical solutions.
- Accessibility and Affordability
- Support for Homeowners
- Value for money
- Partnership with Installers
Knowledge Base
Harnessing Solar Power..
In the quest for sustainable energy solutions, solar power has emerged as a promising avenue for red..
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Grid-Connected Solar R..
In India, grid-connected solar rooftops have emerged as a key component of the country's ambitious r..
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Claim Your Solar Subsidy: Easy Steps for Installation!
Follow the steps for installation of rooftop solar plant
Learn More →Government Info
- Ministry of New and Renewable Energy (MNRE)
- Solar Energy Corporation of India (SECI)
- Indian Renewable Energy Development Agency (IREDA)
- Gujarat Urja Vikas Nigam Limited (GUVNL)
- Karnataka Renewable Energy Development Limited (KREDL)
- Maharashtra Energy Development Agency (MEDA)
- Rajasthan Renewable Energy Corporation Limited (RRECL)
- Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA)
- Kerala State Electricity Board (KSEB)