Even while the total rooftop solar capacity installed stands at 6 GW as of June 2020, a lot of potential customers still shy away from owning a solar power generation system. The high upfront cost continues to bother consumers and poses one of the biggest barriers between them and their desire to switch to a clean and efficient source of energy.
Given the Government of India’s targets for raising the total installed solar capacity in India, there are plenty of financial instruments to support the development of utility-scale solar plants. However, no such instruments are available for the rooftop solar customer segment as yet! Most residential homeowners and MSMEs have to rely on their own funds to set up a solar system.
Given the scenario, we at Freyr Energy felt that as a solar service provider, we should be able to provide you with options for financing your solar system. Besides addressing concerns such as the availability of solar loans for homeowners in India, we see this as a means of enabling greater adoption of solar power in the country, thereby helping India to meet its rooftop solar capacity addition targets.

Solar loans enable you to own an asset with a significant financial value over its lifetime and thereby maximize your savings. This includes both the cost of electricity that the panel generates and the tax rebates/ subsidies available on it. With low upfront costs, you can now own your own solar rooftop system easily.
Now, as we mentioned above – to trigger growth in the rooftop solar segment, viable and affordable solar financing options need to be made available. Hence, to solve this problem for our customers, we have tied up with 4 Non-Banking Financing Companies (NBFCs) to offer Solar loans for homeowners and businesses. The solar loans provided by our lending partners are collateral-free. Since our goal is to make transitioning to solar, simple and affordable for you, our intervention will enable fast and quick approval for the loans for solar power plants. We ensure that the savings on your electricity bill will help you pay most of your EMI. An added highlight here is that there is little to no upfront down payment needed for our residential & business customers.
Whether you want to maximize your financial returns or find an easy, go-to solar solution to save money and help the environment, we at Freyr Energy now have financing options that work for your specific requirements! Reach out to us. Go Solar with Freyr!
Frequently Asked Questions
India’s current solar capacity strength is 796 GW. The reports by the Council on Energy, Environment and Water state that 250 million households have the potential to install up to 637 GW of rooftop solar capacity.
The budget on solar energy is the biggest barrier to adopting solar power today. Solar technology has now become easy to afford with the available subsidies. Limited roof space, regulatory hurdles, and shading might also be the barriers to adopting solar power.
- Solar loans
- Power purchase agreements
- Solar leases
- Government subsidies
- Transfer of ownership.
- Long-term savings in electricity bills.
- Increase in property value as the loan payment contributes to ownership transfer.
- Flexible terms and interest rates.
- Qualification to tax credits and rebates, thus lowering the ultimate cost.
Freyr Energy offers both CAPEX and OPEX models. Solar loans and Solar leasing in the CAPEX model are offered. Some added benefits that Freyr Energy is providing in the CAPEX model are solar loans. These loans don’t need any collateral.
The main feature of solar loans that Freyr Energy’s lending partners offer is that it doesn’t require any collateral. They offer loans with flexible repayment terms like customized period of repayment which range from a few years to a decade.
Solar loans bifurcate the cost of solar installation over manageable monthly payments. With this ease, buyers can align their solar budget with their monthly expenses without taking any huge investment pressure. Moreover, with this inclusion of costs into the existing budget, buyers will have the benefit of reduced energy bills.
The goal of Freyr Energy’s financing options is to make solar energy accessible and affordable for a diverse range of customers. All the possible financing solutions for planning the budget on solar energy are offered to lower the barriers to high upfront costs of solar installations. The ultimate goal is to promote the adoption of renewable energy.
Follow these simple steps to avail solar financing options with Freyr Energy:
- Fill out the “Connect with us” form on our website.
- Freyr Energy’s expert team will get in touch with you to assess your solar energy budget and offer the best financing options.
- Choose your financing option from solar loan, PPA, or lease.
- Complete the process.
- After approval of the paperwork for financing options, the Freyr Energy team will coordinate with you for the installation of the solar system.