Solid Solar signs MOU with BOI

Solid Solar by Gautam Polymers, India’s largest solar lights manufacturer has signed a memorandum of understanding (MOU) with Bank of India for financing of solar systems through its network of banks across the country.
The MOU would enable bank financing on solid solar home systems and solar power plants through bank of India’s extensive network and popularise the usage in rural and urban areas. Easy availability of financing on these systems and quality products will fuel the growth in the market.
Speaking on the occasion, Shubhra Mohanka, Director, Solid Solar said, “While solar power is the cleanest form of energy, it is also the most expensive, costing four to five times the conventional power. However, the loan available for both residential and commercial customers will significantly reduce the upfront out-of-pocket costs making the benefits of solar energy system a reality. The MOU with Bank of India will provide end user easy financing of solar home systems.”

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