Solar: Latest Developments, Mar’18
As a series, our Latest Development blogs have always spoken about all things recent when it comes to solar power. For this month, we discuss our official association with IDBI as a business facilitator and the solar subsidy in Maharashtra.
Easy access to solar loans
As a Business Facilitator with IDBI banks, Insolergy will now be able to provide individuals, small businesses and housing societies with easy access to solar power loans on EMI. At current tariffs, the EMI for solar loans typically turns out to be around 20-30% cheaper than your average electricity bill. With this partnership, we aim to eliminate the hassle of obtaining solar loans for our clients by working directly with the bank. More about bank loans for solar power by Insolergy.
You might also be interested in: Solar financing options in India
Extension of solar subsidy in Maharashtra
Exciting news for Individuals, Housing Societies and other eligible consumers in Maharashtra, who are planning to go Solar! As per the circular released by MNRE dated February 15th 2018, the Central Financial Assistance (subsidy) on Solar Projects has been extended for 15 months (i.e. until May, 2019). As before, the subsidy can be availed for up to 30% of the capital cost of the solar project, or Rs. 18,300 per kW of installed capacity, whichever is lesser. More about solar energy subsidy in Maharashtra.
Going Solar, Simplified With Insolergy