Government Subsidies for Solar in Nepal
SunFarmer pioneered the Power Purchasing Agreement for solar in Nepal. Our customers pay for high-quality solar systems in quarterly installments and our engineers provide continued maintenance and support.
Now the pay-as-you-go model for solar is spreading. The Nepali government is working with 7 local banks to make solar affordable with low-interest loans. There are two types of subsidies:
- Commercial projects (greater than 1.5 kW) = subsidy interest rates of 4.5%
- Residential projects (smaller than 1.5 kW) = subsidy interest rates of 2.5%
With the high-upfront cost of solar broken into affordable payments, solar technology is more accessible than ever.