Home loans and solar power

india solar loans

As part of its continuing efforts to boost solar power generation in the country, the Department of Financial Services, Union Ministry of Finance, has issued instructions to public sector banks to encourage clients seeking either home loans or home improvement loans to install rooftop solar photo voltaic plants and to include the cost of the system in their loan proposals.

This was stated in a Press Information Bureau (PIB) report, which also said that the Union Ministry for New and Renewable Energy was in the process of implementing a ‘grid-connected rooftop and small solar power plants programme’ to encourage installation of rooftop systems for solar power generation.

17 States

The PIB report said that 17 States in the country had already notified regulatory framework on net metering or feed-in tariff to encourage rooftop solar-power generation systems.

 

 


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