Finance Options for Solar Power Plant
Our wide range of financial solutions is tailored to meet the diverse requirements of our customers from every industry. We help our customers choose the financial solution that fit their needs after taking into consideration factors like ownership, tax reliefs, electricity prices, the cost of investment and return thereof. Kyra is a one-stop solution for both your technological and financial needs.
1. Rooftop Solar Finance Option :
Kyra facilitates solar loan from SIDBI -Small Industries Development Bank of India for roof top projects upto INR 25 million and from IREDA -Indian Renewable Energy Development Agency Limited above INR 25 Million . SIDBI offers attractive interest rates for solar rooftop projects with tenure 3/5/7 years repayment . This is a collateral free loan with only margin money to be paid. Interest will be paid for the margin money portion . Usually the EMI amount does not exceed the monthly EB bill and interest on margin money becomes an add on benefit to customers .
2. Ground Mount Solar Finance Option
Kyra also facilitates ground mounted projects in association with PFC- power finance corporation provides project finance at attractive interest rates with 20%equity . 80% debt funded with flexible tenure option upto 2 years. moratorium is also offered for a period of 12 months – 24 months.
