To address the financial barriers that have impeded solar adoption, the company is offering no-cost EMI loan schemes and facilitating things like quick loan evaluation
Freyr Energy, a leading residential rooftop solar company, is ramping up initiatives to expand its business in Madhya Pradesh's residential rooftop segment.
"The company is accelerating efforts to improve the adoption of residential rooftop solar installations through the use of technology and aims to solarise an additional 3,000 households by the end of 2024," Freyr's Co-Founder and Managing Director Saurabh Marda said in a statement.
To address the financial barriers that have impeded solar adoption, the company is offering no-cost EMI loan schemes and facilitating things like quick loan evaluation.
The government recently increased subsidies for rooftop solar in the residential sector. The central financial support has been increased up to Rs 18,000/kWp from the previous Rs 14,588/kWp for projects up to 3 KW.
This is a 23 percent increase in the national subsidy, which is very encouraging for homeowners and works out to be a Rs 54,000 refund in the case of a 3 kW solar system, he said.
"Our goal is to make solar energy not just a choice but an easy and rewarding experience for everyone," he said.
Freyr Energy's initiatives are aligned with the 'Madhya Pradesh Renewable Energy Policy' (MPREP-2022), which aims to transform the state into a renewable energy hub by 2030, he added.