Solar Panel Financing

Given that India houses nearly 20% of the global population, the strain on the energy sector is set to escalate dramatically. In the face of this growing demand, traditional fossil fuels are not only environmentally harmful but also increasingly expensive and unsustainable. As a result, renewable energy sources, especially solar energy, have emerged as the most viable and sustainable solution to India’s energy crisis and rising pollution levels. The renewable energy sector is growing globally due to concerns about climate change and government efforts to promote it. Solar Panel Financing has made this sustainable technology more accessible.

Key Features of Solar Panel Financing

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The Funding Amount Starts at Rs 1 Crores (Without Collateral)

interest rate

Attractive Solar Loan Interest Rates

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Simple process and less paperwork

Execution

End-to-end Execution

flexible repayment

Flexible payment options

Solar Projects Financing Solutions

The solar energy sector is experiencing significant growth, leading to a surge in funding demand across both retail and corporate sectors. In the retail segment, individual homeowners and housing societies are increasingly interested in adopting solar energy, but the high upfront costs often require solar panel loans or other financing options. On the corporate side, the solar energy value chain presents diverse funding requirements. Capital expenditure (CapEx) needs are substantial across manufacturing, trading, installation, and direct consumption of solar power. 

Hence, Terkar Capital specializes in arranging funding solutions tailored to these specific needs. Due to the capital-intensive nature of the solar industry, it’s crucial to structure debt instruments that align with the industry’s unique financial demands.

Advantages of Solar Power/Energy

  1. Solar remains the natural, constant and free source of energy.
  2. It is the most cost-effective medium to justify the growing energy demand across India.
  3. Despite the initial installation cost, it is a one-time investment that continues to provide benefits over an extended period, typically around 20-25-30 years.
  4. The infrastructure maintenance is also low across the tenure, It is safe and does not have much wear and tear.
  5. As solar power does not create any type of waste, like fossil fuel, it helps nature.

Book a call to discuss solar panel funding!!

Solar Panel Financing Documents

The length of the solar panel funding process is determined by the availability of documentation. Here’s the list:

Owner KYC Documents

  1. Adhar Card (complete page)
  2. Pan Card
  3. Latest Electricity Bill
  4. Current Rent Agreement
  5. Passport Size Photo

Business KYC Documents

  1. GST Certificate
  2. MOA, AOA, Pan Card
  3. Shop Act / Trade License
  4. Certificate of incorporation
  5. Shareholding Pattern
  6. Partnership Deed
  7. Current electricity bill and
  8. Rent Agreement

Banking Documents

  1. All account Bank statements (For the last 12 months)
  2. All current loan sanction letters

Financial Documents

  1. Last 2 years' complete Financials
  2. GST Returns (for last 12 months)

Solar Panel Financing at Terkar Capital

There are multiple options available for solar power. However, each debt instrument is designed separately and differently. While raising the debt fund, the most important part is to raise the funding through the right debt instrument. Here we at Terkar Capital, are committed to work dedicated to the solar industry.

We analyze the company’s strengths and weaknesses and based on the analysis we decide the debt funding instrument and source. Finally, the borrower of the funds should be the ultimate beneficiary of the whole exercise.

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FAQs On Solar Panel Financing

There is no capping on raising the funds. It can start with as low as one crore and it can go up to thousands of crores. It depends on financial ratios and the requirements of the project.

Generally the repayment tenure depends on the project and its cash flow. It can start with as low as 3 years and it can go up to  20 years even.

Under all the debt instruments, the most important factor in deciding the interstate rate is the financial ratio of the company. The better the financial ratios and project viability the better the cost of the funding. And vice versa.

The debt funding can be raised in 10 – 45 working days. This may vary with the nature and complications involved in the project.

Terkar Capital is a registered brand of Terkar Global Financial Development Pvt Ltd, an Investment Banking Firm with a national footprint. We work extensively with professionals and businesses of all sizes to arrange debt funding instruments.

Head Office

Castle Eleganza, 103, Bhonde Colony, Dr.Ketkar Road, Erandwane, Pune – 411004, MH-India

Yes@terkarcapital.com

+91 8308629820

Corporate Office

The Capital, Level 7, B-Wing, Plot C – 70, G Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400051.

Mumbai@terkarcapital.com

+91 7414973455

Branch Offices

Nashik | Nagpur | Chhatrapati Sambhaji Nagar | Hyderabad

Operational Presence

Delhi | Bengaluru | Chennai | Kolkata | Ahmedabad | Surat

Growing Nationwide…

Terkar Capital

In Association with:

MSME Global Mart | MCCIA

© Terkar Capital 2024

CIN – U70200PN2023PTC224016

All formal communication from Terkar Capital will be conducted exclusively through our designated official emails. Do not respond to fraudulent calls or emails claiming to be from Terkar Capital. Contact us using the official coordinates!!

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