#msme rooftop solar

[loom-solar]

लूम सोलर ने लगाया 100kW सोलर पावर प्लांट जिससे बिजली बिल हो रहा है Zero! Know more:https://www.loomsolar.com/

[smartpowerindia]

Find The Affordable Rooftop Solar India | Smart Power India

Rooftop solar India is fast becoming the most affordable and effective way to harness solar power in the country. Smart Power India, a solar advocacy group, is dedicated to promoting rooftop solar installations in the country and providing unbiased information on various aspects of solar energy. We are here to help you understand the benefits of rooftop solar installation, know how to choose between off-grid and on-grid systems, understand the various government incentives and subsidies and also get cost estimates for your installation.

[eyeviewsl]

"Breaking Barriers: Peoples Leasing & Finance PLC and Hayleys Solar Collaborate to Make Solar Power Accessible to All"

"Breaking Barriers: Peoples Leasing & Finance PLC and Hayleys Solar Collaborate to Make Solar Power Accessible to All"

Embarking on a bold journey toward sustainable energy solutions, People’s Leasing & Finance PLC (PLC) and Hayleys Solar, the renewable energy arm of Hayleys Fentons Limited have officially forged a groundbreaking alliance, through a Memorandum of Understanding (MoU), to offer an easy and affordable financing scheme for households and Micro, Small & Medium Enterprises (MSMEs) in the rooftop solar…

[loomsolarblog]

How to Get Solar Loan for Rooftop Solar System?

The process of installing solar panels on loan has become quite easy and convenient these days. Solar panels are a popular way to save on your electricity bill. Many people want to install solar panels on the roof of their house and many people are not able to bear the huge expense involved in it. But now with a solar loan, installing solar panels has become easier and more affordable than ever.

If you are thinking of installing solar panels at your home or at any other place, then you can also install solar panels on instalments. Nowadays many banks and financial institutions are providing loans to people for installation of solar panels on the roofs of their houses.

List of Banks who provide solar loan.

· Punjab National Bank (PNB)

· HDFC Bank

· Canara Bank

· Bank of Baroda

· IDBI Bank

· Union Bank of India

· Saraswat Bank

· Kotak Bank

· ICICI Bank

· Axis Bank

· State Bank of India (SBI)

Documents required for solar loan.

Identity Proof — Aadhar Card, PAN Card etc.

Electricity bill for last 6 months

Bank statement of last 12 months

Residential or property documents

MSME Certificate (for business)

· File GST return for the current financial year (for business).

How to apply for solar loan?

The application process for taking a solar loan is quite simple, you can easily apply for a solar loan through the medium mentioned below.

Credit Card and Debit Card EMI

Like any other item, you can buy solar panels with your credit card and get them installed by paying easy EMI.

You can choose the EMI tenure on the credit card as per your convenience and pay the instalment from time to time.

Apart from credit card, you can also install solar on EMI with debit card. Eligible customers are provided with a pre-approved limit to make purchases on Debit Card EMI which you can use as a loan.

You can contact your bank to get information about the pre-approved limit available on your debit card.

Solar Loan from Banks and NBFCs

Solar loan facility is provided by many leading banks and NBFCs for installation of Roof Top Solar System.

This loan is given by the bank for installation of solar system as an individual, SME or business.

You can take a collateral-free solar loan from the bank in which you also get the option to choose a longer loan repayment tenure as per your eligibility.

The maximum repayment tenure offered by many solar finance companies and banks gives you enough time to complete the EMI.

To take a solar loan, you can apply online by visiting the official website of the bank or NBFC or you can contact your nearest branch.

Solar Loan with Home Loan

This loan is given by the bank to such customers who apply for a new home loan.

Apart from this, such customers can also get this loan who are currently taking home loan from the bank.

For example, Canara Bank — Housing cum Solar Loan is one such loan facility in which customers can take loan for solar system along with home loan.

Conclusion

This includes individual home loan borrowers who have sufficient space available to install solar equipment on their rooftop. At the same time, many banks provide solar loan facility in the form of home improvement loan for installation of residential solar system. To know more information about the solar systems and solar loan, it’s important to consult with a professional solar installer who will evaluate your specific needs and recommend the most appropriates for you.

[electronicafinance]

Watch the story of how Mr. Ramprasad, owner of Shree Textile, became an inspiration for Indian MSMEs

"Watch Mr. Ramprasad, owner of Shree Textile & learn how he used solar panels to grown his textile factory. Learn more about EFL’ Rooftop Solar Loan: https://www.efl.co.in/rooftop-solar-l…

As a developing country, India is facing many challenges and one of them is availability of 24x7 Electricity especially in rural areas. And same was for Mr. Ramprasad, owner of Shree Textile, Sonipat, Haryana. Learn how he solved the problem of electricity by installing rooftop solar, and reduced the cost of production while contributed to saving the environment."

[mycsrindia]

Union Bank and Tata Power Solar Systems to adopt Solar Rooftop in MSME

Union Bank and Tata Power to facilitate Solar Rooftop adoption Hyderabad – To assist the MSME (Micro, Small and Medium Enterprises) sector in switching to solar solutions, Union Bank of India has partnered with Tata Power Solar Systems Limited (TPSSL), a fully owned subsidiary of Tata Power Renewable Energy Limited (TPREL). The goal of this...

[its-mysun]

Solar for Hospitals

Solar for Hospitals only from MYSUN, India’s largest online rooftop solar platform, is proud to be able to partner with MSMEs and SMEs across the nation to facilitate their solar transition with a range of holistic solar solutions such as Solar Engineering and Designing, Solar Installation, Operation and Maintenance, and Solar Financing.

[technodabhi]

‘Why MSMEs are hesitant in embracing non-conventional energy sources like rooftop solar’

‘Why MSMEs are hesitant in embracing non-conventional energy sources like rooftop solar’

By Shreyans Jain  Sustainability for MSMEs: India is making giant leaps in the renewable energy sector. With a total installed energy capacity of 150.54 GW (as of November 30, 2021), it stands at the fourth position in the world in terms of installed capacity. This includes 48.55 GW of solar, 40.03 GW of wind, 4.83 of small hydropower, 10.62 of bio-power, and 46.51 GW of large hydropower. During…

[electronica-finance-ltd]

Rooftop Solar Benefits and Solar Financing

Solar sector is extremely dynamic in India right now as India is the fifth biggest power generator on the planet. Exploring the rooftop solar market is crucial for India to meet its massive energy needs. Solar parks need land, and the land is scarce in a densely populated country like India. Rooftops, on the other hand, hold huge potential. Companies that want to make the transition into an eco-friendly energy option can consider investing in a rooftop solar panel setup. Taking the green approach could bring about a wide variety of advantages for businesses.

Why go solar?

Save money for other business expenses:

Sunlight is a clean as well as cost-effective source of energy unlike coal-based sources. You can utilize rooftop solar panels to reduce your energy expenses. The money saved can be hence reinvested for business expansion or purchase/update machinery.

Save on maintenance expenses:

Besides the reduced energy costs, you can expect lower maintenance. This is due to the lack of moving parts, which are prone to wear and tear, and consequently, high repair or replacement cost. The only maintenance factor for rooftop solar panels is keeping the panels free from dirt as it may obstruct the absorption of sunlight, and subsequently, the generation of electricity.

Relatively faster payoff:

It doesn’t typically take a long time to see your commercial rooftop solar investment pay off (approximately 5-6 years). It has a faster value realization.

Reduce dependence on costly power sources:

If you are a rural consumer or situated at a remote location, solar is the most economical solution to complete your electricity needs. By using rooftop solar power, you can not only stabilize your existing electricity supply but also reduce your dependence on more expensive sources of power like diesel generators and inverters.

Flexibility of utilization:

When many people think of solar power possibilities, they consider interior lighting as the only application. Besides that, solar energy, when converted into heat energy, can be utilized for – hot water usage for bathing and washing, boilers, Pasteurization, condensation and cleaning in milk dairies, drying and tanning in leather process industries, degreasing and phosphating in metal finishing industry, resin emulsification in polymer industry, drying in food, wood, livestock etc., all of which could boost a company’s cost efficiency.

However, the upfront cost of a rooftop solar power system can be sizeable, especially depending on your specific needs. Financing and service have to become an integral part of the solar solution offerings. SMEs can opt for financing solutions to cover up the purchase and installation costs.

For MSMEs, installing a rooftop solar power unit can be a trouble for multiple reasons. Due to credit ratings limit, it is difficult for small entrepreneurs to raise funds from banks. Even though lending institutions like banks have got rooftop specific credit lines and are providing loans at concessional rates and both private sector and nationalized banks have been very forthcoming in providing loans for financing rooftop solar projects, higher interest rates are another challenge for SMEs. Some lending institutions also need collateral even for small loan amounts, which can be a crisis for some SMEs. It is crucial to select a solar financing choice that suits your establishment.

Electronica Finance Ltd. offers a rooftop solar power loan at attractive interest rates to not only manufacturing companies, but also to educational institutions, hospitals, service industries etc. to encourage the use of solar energy. It is the only NBFC which offers a rooftop solar power loan. The loan covers around 75% value of system or installation. For loan amount up to Rs.15 lakhs, it can be availed collateral-free. Interest rates are flexible and based on the customer’s profile. EFL rooftop solar panel loans can be availed within 7 working days and require minimal documentation.

With its almost 3 decades of extensive experience in asset financing, Electronica Finance Limited can help your establishment go solar and save considerable expenses on electricity.

If looking for rooftop solar panels, EFL Connections is an online marketplace that can help you find solar panels at reasonable rates. EFL Connections allows you to connect directly solar panel sellers without any interruptions. With EFL Connections, you can find the rooftop solar panel of your choice, new or used. For more information, head to – EFL Connections

[smartpowerindia]

Rooftop Solar for MSMEs in India | Smart Power India

Smart Power India aims to provide Rooftop Solar solutions to rural MSMEs in India by crowding-in relevant actors and reducing diesel-dependency

[captainrtsprofessionalstudies]

Switch to solar,will be cost-effective : Gadkari to MSMEs

Switch to solar,will be cost-effective : Gadkari to MSMEs

Ministry of Micro,Small & Medium Enterprises Union Minister of Micro, Small and Medium Enterprises (MSME) and the Minister for Road Transport & Highways Shri Nitin Gadkari  has invited MSMEs to avail concessional debt finance to install rooftop solar for business efficiency. Rooftop Solar, he said, offers an excellent value proposition to MSMEs by significantly bringing down cost of electricity…

[its-mysun]

Solar Company In India | MYSUN

MYSUN, India’s largest online rooftop solar platform, is proud to be able to partner with MSMEs and SMEs across the nation to facilitate their solar transition with a range of holistic solar solutions such as Solar Engineering and Designing, Solar Installation, Operation and Maintenance, and Solar Financing. 

[techminsolutions]

Gadkari urges MSMEs to avail concessional finance and install rooftop solar

Gadkari urges MSMEs to avail concessional finance and install rooftop solar

Union minister Nitin Gadkari on Friday invited MSMEs to avail concessional debt finance to install rooftop solar for business efficiency. The Minister for Micro, Small and Medium Enterprises (MSMEs) and Road Transport & Highways said rooftop solar offers an excellent value proposition to MSMEs by significantly bringing down cost of electricity consumption, which on an average, is up to one-fifth…