Tata Power Solar Systems Limited (TPSSL), a top solar energy company in India and part of Tata Power Renewable Energy Limited (TPREL), has joined hands with ICICI Bank, one of India’s leading private banks, to make it easier for people and businesses to buy solar panels.
This partnership aims to help more people switch to solar energy by offering easy and affordable financing options. ICICI Bank will provide special loans with low-interest rates for those who want to buy solar panels from Tata Power Solar. Customers can borrow up to ₹90 lakh without needing to put up any collateral, with the option to repay the loan over five years. For larger loans that require collateral, the repayment period can be extended up to 20 years. Customers can also make a flexible down payment of just 20-25% of the loan amount, making it simpler to start using solar energy.
Mr. Deepesh Nanda, CEO & Managing Director of Tata Power Renewable Energy Limited, said, “This partnership with ICICI Bank is a big step towards making clean energy more popular. By offering flexible financing, we’re helping more people and businesses switch to solar energy, which will move India closer to a greener future.”
Mr. Anuj Bhargava, Head of the Global Clients Group at ICICI Bank, added, “Working with Tata Power Solar Systems shows our commitment to supporting green energy. We want to help people and businesses invest in solar energy by providing the financial support they need.”
Tata Power Solar is India’s number one company for solar rooftops, with over 70,000 happy customers. They offer a wide range of solar solutions for homes and businesses across the country. With their strong presence across India, Tata Power Solar is making sure that more people can take advantage of this new financing option, helping India move towards a sustainable energy future.
