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Solar Panel Financing Solution

India has almost 20% of the world’s population. The growing population will have a huge energy demand. This demand cannot be fulfilled by fossil fuels, and it is costlier, too. Considering the demand and cost of energy, renewable energy, such as solar power, is the most preferred and long-lasting option for India and its growing pollution.

The global renewable energy industry continues growing, essential to combat climate change. Since 2014, governments have prioritized the expansion of renewable energy sources and the reduction of fossil fuel dependence. Individuals and businesses alike are realizing the benefits of solar energy, such as significant long-term cost savings and environmental benefits. Solar panel financing solutions have been instrumental in democratizing access to this sustainable technology.

Key Features of Solar Panel Financing

Solar Power Market Potential

Currently, as of Dec 2023, India has a total of 136 GW of solar power plants. By March 2025 it should increase to 170 GW and this is intended to increase upto 500 GW by 2030. The expected size in monetary terms is to grow up to USD 250 billion, this will also have some portion of the FDI and major is domestic.

Advantages of Solar Power/Energy

Solar remains the natural, constant and free source of energy.
It is the most cost-effective medium to justify the growing energy demand across India.
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.
The infrastructure maintenance is also low across the tenure, It is safe and does not have much wear and tear.
As solar power does not create any type of waste, like fossil fuel, it helps nature.

Financing Solar Projects

As the industry is growing substantially there is a huge requirement of the funds. It is required for both retail and corporate sides. When it is a retail segment, the individual houses, and the housing societies want to shift the consumption to solar power. As the one-time cost is high they need the funding to install the solar panels.

When it comes to corporates, there are many areas associated with solar power, where there is a huge requirement of the capex. Some industries may be manufacturing solar panels, some are in trading, some are in installation and some are in direct consumption of the solar power. In all these areas Terkar Capital arranges funding for Solar Panels. As the nature of the funding is capital intensive, the debt instruments have to be suitable.

Documents Required to Apply for Solar Panel

Aadhar card
PAN card
Driving license
Voter ID
Passport, etc.

Ration Card
Electricity Bill
Lease Agreement
Trade License
Passport
Tax Invoices, etc.

Bank Statements
CIBIL
Business Bank statements
Asset Counts, etc.

Solar Panel Financing Solution 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.

How to Apply for Solar Finance?

Here’s the execution process to avail of solar panel financing smoothly at Terkar Capital.

Check your CIBIL score for free.

What sets us apart?

1. Fast Turnaround Time

We cordially track the deadlines and make our quality tangible, while executing finance projects well ahead of time.

2. Confidentiality

At Terkar Capital, We comply with the highest professional confidentiality standards. All client information is discussed in strict confidentiality.

3. Competitive ROI

We find you the right lenders with similar terms and the lowest rate of interest.

4. Hassle-free Processing

We create a stable ownership structure for financiers by establishing a secure transaction process.

5. High Level of Integrity

We are building our reputation through reliability, integrity, and honesty. We connect to our clients on personal grounds that include transparency and liability.

FAQs On Solar Panel Funding

1. What is the minimum and maximum amount that can be raised?

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.

2. What is the tenure of the funding?

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.

3. What is the interest rate applicable?

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.

4. What is the turnaround time required to raise the funds?

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

Client's Testimonial

What our clients think about us?

H Tamhankar

We are very thankful to Terkar Capital for your efforts in arranging facility. Their approach is very simple, professional, and fast! The team is highly responsive that executed the process in short span of time without any hassles. Great work... Thank you!

J Agwan

Terkar Capital is upright at delivering specialized funding needs. They implement what they state. Because of you, we're able to make our business reach an exponential level.

A Waghmare

Obliged for the services by Terkar Capital in helping secure funds for the business. They offer a broad range of advanced funding solutions and deliver financial solutions that are right for customers. Grateful for the services rendered by your firm.

C Sonawane

Thank you Terkar Capital for processing my business loan in just a few working days. Very professional & skilled team. They understood my requirements to a level that were beyond my expectations from any lending company. I strongly recommend Terkar Capital.

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Financial Instruments We Arrange

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.

Terkar Capital

In Association with:

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

Growing Nationwide…

Operational Presence

CIN – U70200PN2023PTC224016