Solar Panel Financing in Pune

Pune, an Indian city with a growing population and energy demand, is actively seeking sustainable and cost-effective energy solutions. Solar panel financing has emerged as a key enabler in promoting the adoption of solar energy in Pune and throughout India.

By offering accessible financing options, individuals and businesses in Pune can invest in solar panels, benefiting from long-term cost savings and a reduced carbon footprint. This aligns with the Indian government’s focus on renewable energy and the global shift towards sustainable practices.

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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

Funding for Solar Panels

As the solar industry is expanding rapidly, the demand for solar panel financing in Pune is increasing. Both the retail and corporate sectors require substantial funding. On the retail side, individual homeowners and housing associations are eager to switch to solar energy but face high costs. Hence they need financial assistance to install solar panels.

Various businesses are involved in solar energy in the corporate sector, from manufacturing and trading to installation and direct consumption. Each of these areas requires significant capital expenditure (capex). Terkar Capital provides tailored financing solutions for solar panel projects, ensuring that debt instruments are suited to the capital-intensive nature of the industry.

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.
  • One-time investment with long-term benefits (20-30 years).
  • The infrastructure maintenance is also low across the tenure, It is safe and does not have much wear and tear.
  • Solar power contributes positively to the environment, preserving its delicate balance and promoting sustainability.

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. Aadhar 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 with Terkar Capital Pune

There are several financing options available for solar power, but each debt instrument is uniquely designed. Choosing the right debt instrument is crucial when raising funds for solar projects.

At Terkar Capital, we are dedicated to supporting the solar industry. We thoroughly assess the strengths and weaknesses of each company to determine the most suitable funding option. We aim to ensure that the borrower benefits the most from the entire process, providing them with the right financial solution for their solar energy needs.

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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.

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