Tata Power Solar Systems Partners with ICICI Bank for Easy Financing of Solar Solutions

Tata Power Solar Systems Limited (TPSSL), a leading solar energy company and a subsidiary of Tata Power Renewable Energy Limited (TPREL), has announced a strategic partnership with ICICI Bank to offer easy financing options for residential and corporate customers looking to invest in solar energy solutions.

This collaboration aims to make sustainable energy more accessible and affordable, driving broader adoption of solar power across India. Under the partnership, ICICI Bank will provide customized financial solutions with attractive interest rates for the purchase of solar panels from Tata Power Solar. Customers can avail of loans up to ?90 lakh with collateral-free options and repayment tenures extending up to 5 years. For higher loan amounts with collateral, the tenure can extend up to 20 years. Additionally, customers will benefit from flexible down-payment options ranging from 20-25% of the loan amount, making the shift to solar energy easier.

Mr. Deepesh Nanda, CEO & Managing Director, Tata Power Renewable Energy Limited, commented on the collaboration, stating, "Partnering with ICICI Bank marks a significant advancement towards the promotion of clean energy adoption. By introducing flexible financing solutions, we are supporting all segments of customers. This initiative empowers individuals and businesses alike to embrace sustainable energy, driving India towards a more environmentally friendly future".

Mr. Anuj Bhargava, Head- Global Clients Group, ICICI Bank, added, "Our collaboration with Tata Power Solar Systems reflects our dedication to support green energy initiatives and provide the residential and corporate customers with the financial assistance that they need to invest in solar solutions. We believe that this association will significantly help customers to adopt renewable energy".

Tata Power Solar is recognized as India’s top solar rooftop company, serving over 70,000 satisfied customers with comprehensive solar solutions for both residential and commercial applications. With a strong pan-India presence, Tata Power ensures that customers nationwide can benefit from this initiative. The company’s commitment to innovation and excellence underscores its leadership in driving India’s transition to sustainable energy.

This collaboration between Tata Power Solar and ICICI Bank reflects a joint effort to promote green energy solutions and support India’s growing shift toward renewable energy.