Solar|August 28, 2012 9:58 am

NABARD to provide subsidy for solar inverters

In wake of increasing power crisis in India, the National Bank for Agriculture and Rural Development (NABARD) has come forward to enable people to go for alternatives in the state of Andhra Pradesh. Amid increasing fossil fuel prices and climate change concerns, renewable energy, especially solar power is seen by the people as the best alternative.

In a bid to promote usage of solar power and help people to combat recurrent power cuts, NABARD is providing 40 per cent subsidy for purchasing solar inverters. Ministry of new and renewable energy’s (MNRE’s) ambitious solar power programme, the Jawaharlal Nehru National Solar Mission (JNNSM), mandates for subsidy for solar lighting and solar PV systems of smaller capacity. Nabard will be the facilitating agency for MNRE for providing this subsidy, and it has already entered into an agreement with Andromedar company.

The cost of installing a solar inverter would be around Rs. 30,000 of which NABARD will be providing 40 per cent of the amount as subsidy. The commercial banks will be providing loans for the 50 per cent of the amount while the remaining amount will be borne by the consumer. Those consumers who own their houses are eligible to apply for the loan to the designated agency.

Andromedar has entered into an agreement with Andhra Pradesh Grameena Vikasa Bank which will be providing the loans, and the consumers will have to repay the loan in monthly installments.

83 Comments

  • WE NEED SOME MORE INFORMATION THAT IS ANY BANK WILL GIVE LOAN FOR SOLAR SYSTEM ,FOR ANY CAPACITY .IF YOU HAVE ANY G.O NO PLEASE WRITE US.
    THANKING YOU,

    ,

  • IN KHAMMAM ONE OF THE APGVB MANEGER DIDT KNOW THESE SCEME
    ie:apgvb,yellndu x road

  • no thermal,no hydel,no gas,
    we can produce power by solar enargy
    pl.encourage the system..by all the respected IAS Personells

  • How can I know full details regarding to capacity of inverters, loans etc. If any one have the information pleas post it..

  • somany APGVB Branch managers are willing to give solar inverter loans to TATA BP Solar only because Now one of the retired RM is working in TATA BP.

  • I want 5kw solar system to intal at my residence.Pl sum 1 give me technical details , dealers dealing with and financial implications.

    • Solar systems below 1 kv is available with subsdy for residencial use. above 1 kv for commercial only

    • you can contact me for any information regarding solar invertor or water heater..what ever the information might be either the brand,cost,subsidy,panels etc…

      contact :
      uday
      8886629942,9533652563
      GODREJ SOLAR

  • This in introducing position.becaus there are people ready to buy this but there is no stock available in the providing banks.

  • Kindly provide the details of NABARD scheme and the genuine supplier to install the Solar energy to my residence in Visakhapatnam – Andhra Pradesh

  • I contacted to Grameen vikas bank in RC puram Hyd, the Official said that they are not providing any type of loan right now.

    • you can contact me for any information regarding solar invertor or water heater..what ever the information might be either the brand,cost,subsidy,panels etc…

      contact :
      uday
      Email: uday@photonenergy.in
      contact n.o: 8886629942,9533652563
      GODREJ SOLAR

  • Can anyone have right information about this to install solar inverter…?

  • श्रीमान्र जी मुझे घर पर एक 500 वाट या एक किलोवाट दोनो में एक सोलार सिस्‍टम लगाना है जिसके लिये मुझे कितना पे करना पडेगा और बैक में कितना ऋण स्‍वीक़त होगा तथा कितनी सबसीडी मिलेगी तथा एजेन्‍ट कितने सोलर पेनल तथा कितने वाट के एव कितनी बैटरी व कितने ए0एच0 की उपलब्‍ध करवायेगा क़पया दोनो प्रोजेक्‍ट की विस्‍त़त मार्ग दर्शन मेरी ई मेल आईडी पर हिन्‍दी में उपलब्‍ध करवाने का श्रम करे

    • you can contact me for any information regarding solar invertor or water heater..what ever the information might be either the brand,cost,subsidy,panels etc…

      contact :
      uday
      Email: uday@photonenergy.in
      contact n.o: 8886629942,9533652563
      GODREJ SOLAR

  • do we’ve a choice to select the brand and capacity of the system in MNRE scheme in KERALA

  • how to aproach NABARD for a solar system

    • Tata Solar products are NABARD approved, so visit near Tata Solar dealer in your place, they will help about the same

    • you can contact me for any information regarding solar invertor or water heater..what ever the information might be either the brand,cost,subsidy,panels etc…

      contact :
      uday
      Email: uday@photonenergy.in
      contact n.o: 8886629942,9533652563
      GODREJ SOLAR

  • Sir we organizing one private ITI college in Anantapur Dist Andhra pradesh state we want solar for entire college and laboratory Give about subsidy and details of power required for institution for our email id svitigty@gmail.com Thanking you sir

    • you can contact me for any information regarding solar invertor or water heater..what ever the information might be either the brand,cost,subsidy,panels etc…

      contact :
      uday
      Email: uday@photonenergy.in
      contact n.o: 8886629942,9533652563
      GODREJ SOLAR

  • Dear sir, please give me solar inverter NABARD Subsidy scheem, how to apply, and give more infermation. Thanking u sir.

    • you can contact me for any information regarding solar invertor or water heater..what ever the information might be either the brand,cost,subsidy,panels etc…

      contact :
      uday
      Email: uday@photonenergy.in
      contact n.o: 8886629942,9533652563
      GODREJ SOLAR

  • i want to buy 5 kilowatt or 10 kilowatt solar system buy and what price of this product and which bank to take loan and how many subcidi given .both product give in full details .thankyou

    • you can contact me for any information regarding solar invertor or water heater..what ever the information might be either the brand,cost,subsidy,panels etc…

      contact :
      uday
      Email: uday@photonenergy.in
      contact n.o: 8886629942,9533652563
      GODREJ SOLAR

  • Dear sir, please give me solar inverter NABARD Subsidy scheme details, how to apply, and give more information. Thanking u sir.

    • you can contact me for any information regarding solar invertor or water heater..what ever the information might be either the brand,cost,subsidy,panels etc…

      contact :
      uday
      Email: uday@photonenergy.in
      contact n.o: 8886629942,9533652563
      GODREJ SOLAR

  • How to apply to get subsidy on solar inverters. What are the documents to be submitted for it. And to whom we have to submit them.

    • ou can contact me for any information regarding solar invertor or water heater..what ever the information might be either the brand,cost,subsidy,panels etc…

      contact :
      uday
      8886629942,9533652563
      GODREJ SOLAR

      Your comment is awaiting moderation.
      REPLY

  • Dear sir,

    Please give me Solar Inverter NABARD Subsidy scheem, how to apply ,
    Thanking u

    jagadeesh

  • sir can any one tell me where to buy solar system in Hyderabad with subsides or any contact no.

  • please advise solar inveters agents in hyderabad & kadapa who is NABARD approved, and can assist in getting subsidy for residency puyrpose. If possible please mail in detail to bashamagbul@gmail.com

    • contact 8886781915 for more info

    • you can contact me for any information regarding solar invertor or water heater..what ever the information might be either the brand,cost,subsidy,panels etc…

      contact :
      uday
      8886629942,9533652563
      GODREJ SOLAR

      Your comment is awaiting moderation.
      REPLY

  • HOw to get solar inverter through loan and subsidery please provide local number – Vijayawada/kakinada.

  • my suggestion is to go for kamal solar giving the best prices for solar products we already purchased water heater & solar home ups there 3yers back it self we purchased that one till know with out break up its working we are happy with service support from one of executive his no 91-9880057733

  • Kindly provide the details of NABARD scheme and the genuine supplier to install the Solar energy to my residence in Hyderabad – Andhra Pradesh

  • i want solar inverter of 1kvw of subsidy of nabard scheem how and where to approach

  • Dear sir,

    Please give me Solar Inverter NABARD Subsidy scheem, how to apply ,
    Thanking u

    Pradeep

  • Banks not are giving loans to all approved companies…

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  • Hi ,
    I want to convert my conventional Invertor to solar one. Is tere is any method to do it.
    Any comp is doing such a thing, what will be approx. cost of doing so.
    Plz let me know.
    Thanks

    • sure with charge controller and panels needed for that to convert if we take 40 ams charge controller and 300wats panel the coast around 17900/-if u need contact me

  • WE NEED SOME MORE INFORMATION THAT IS ANY BANK WILL GIVE LOAN FOR SOLAR SYSTEM ,FOR ANY CAPACITY .IF YOU HAVE ANY G.O NO PLEASE WRITE US.
    THANKING YOU,

  • Sir,
    Tell me details regarding solar products, where we are getting, NABARD Subsidy schemes,which banks provided loans etc

  • Sir,
    Tell me details regarding solar products, where we are getting, NABARD Subsidy schemes,which banks provided loans etc

    From Tirupati
    Manigandan.G
    9885475559

  • my inquirey about solar inverters set at my home,what processor for setup solar inverter at my home through Rajasthan Gramin Bank/Registan Gramin Bank or any other bank.
    WE NEED SOME MORE INFORMATION THAT IS ANY BANK WILL GIVE LOAN FOR SOLAR SYSTEM ,FOR ANY CAPACITY .IF YOU HAVE ANY G.O NO PLEASE WRITE US.
    Subhash joshi.

  • scheme for financing solar energy equipments for this year 2013 -2014

  • श्रीमान्र जी मुझे घर पर एक 500 वाट या एक किलोवाट दोनो में एक सोलार
    सिस्‍टम लगाना है जिसके लिये मुझे कितना पे करना पडेगा और बैक में कितना ऋण
    स्‍वीक़त होगा तथा कितनी सबसीडी मिलेगी तथा एजेन्‍ट कितने सोलर पेनल तथा
    कितने वाट के एव कितनी बैटरी व कितने ए0एच0 की उपलब्‍ध करवायेगा क़पया
    दोनो प्रोजेक्‍ट की विस्‍त़त मार्ग दर्शन मेरी ई मेल आईडी पर हिन्‍दी में
    उपलब्‍ध करवाने का श्रम करे

  • IF NABARD AS PER THE GOVERMENT GOs AND CURRENT CIRCULARS PUBLISHES,ISSUE APPLICATIONS FOR THE ENTERPRENUERS TO HELP THE PEOPLE AND COUNTRY IN SAVING THE ENERGY. HENCE,THE PRODUCT OF SOLAR CAN BE PROMOTED AND REVENUE CAN BE INCREASED. WE HOPE TO GET THE CLEAR GUIDELINES ON EVE OF INDEPENDENCE DAY.

  • sir,
    i am from mahabubnagar dist, i want to setup my home with solar inverter with subsidy.please give me contact details in our area

  • Hi, can any one please help me how register with NABARD to become a solar manufacturer/supplier. I found a list int MNRE website, and to avail the subsidy to the end user one must be registered supplier with NABARd. can any one please tell me the procedure
    Thanks
    Srikanth

  • Ramesh Babu

    Please send some more information regarding subsidy and loan facility availability near by B.N. Reddy Nagar, Hyderabad since I want to purchase solar inverter to my own house located near B.N. Reddy nagar.

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