Tata Power Renewable Energy Limited (TPREL), a leader in India’s renewable energy sector, has partnered with Canara Bank to drive the adoption of rooftop solar systems under the PM Surya Ghar Scheme. This collaboration aims to make solar energy more accessible and affordable for Indian households through attractive financing options.
Under the scheme, TPREL offers financing for rooftop solar installations with flexible loan terms. For systems up to 3 kW, loans of up to ₹2 lakh are available with a 10% margin and a competitive 7% interest rate. For systems between 3 kW and 10 kW, loans of up to ₹6 lakh are offered with a 20% margin and 10% interest, both with a maximum 10-year tenure. This partnership is a significant step in India’s journey towards a greener, cleaner energy future.
The initiative is designed to support households in transitioning to sustainable energy by providing hassle-free, collateral-free financing. With over 34 years of experience, TPREL ensures high-quality solar solutions, leveraging the trust of the Tata brand.
With a current renewable energy capacity of 10.9 GW, including 5.4 GW operational capacity, TPREL continues to lead India’s clean energy movement, helping citizens reduce their carbon footprint while saving on energy costs.
