Orb Energy’s Solar Financing Solutions: Making Rooftop Solar Affordable for Indian Homes and Businesses
Wiki Article
Orb Energy, a leading provider of solar energy solutions in India, is transforming the landscape of rooftop solar adoption by offering innovative and accessible financing solutions. Established in 2006 and headquartered in Bengaluru, Orb Energy aims to eliminate the financial hurdles that often prevent households and businesses from switching to solar energy. Through a combination of in-house and partnered loan schemes, Orb Energy ensures that clean and renewable energy is within reach for all.
In-House, Collateral-Free Financing
Orb Energy offers tailored, collateral-free loan options that cater to the needs of both residential and commercial customers:
For Residential Customers: Homeowners can install rooftop solar systems with a 25% down payment and pay the remainder through easy monthly installments. Loan tenures extend up to two years, and the approval process is typically completed within just seven days. This fast-tracked process enables families to quickly transition to cost-saving solar energy without unnecessary delays or bureaucratic barriers.
For Commercial and Industrial (C&I) Customers: Businesses can benefit from zero-collateral, zero-down-payment financing with repayment periods of up to five years. This approach has already led to the disbursement of over ₹300 crores, empowering a wide range of small and medium enterprises (SMEs) to invest in solar infrastructure without bearing a heavy upfront financial burden.
Partnership with the State Bank of India (SBI)
To expand its financial outreach, Orb Energy has partnered with the State Bank of India under the Surya Shakti Solar Finance Scheme. This collaboration offers enhanced loan packages to both homeowners and businesses:
Residential Loans: Customers can secure loans up to ₹10 lakhs to fund the installation of rooftop solar panels, making it easier to cover the full cost of a system.
Commercial and Industrial Loans: Larger businesses can access financing of up to ₹10 crores with only a 20% down payment. With flexible tenure options, the scheme accommodates a broad range of commercial needs while encouraging large-scale adoption of solar energy.
Proven Financial Impact
The savings offered by Orb Energy’s systems are both substantial and immediate. For example, a homeowner in Bangalore reported a 94% reduction in electricity bills following the installation of solar finance an Orb Energy rooftop solar system. These impressive outcomes showcase the long-term economic viability of going solar, especially when paired with accessible financing.
How to Get Started
Orb Energy simplifies the process of adopting solar with a comprehensive customer journey:
Free Consultation: Prospective customers can schedule a free site survey and consultation through the Orb Energy website.
Solar Calculator: The online calculator allows users to estimate potential energy savings based on their geographic location, rooftop size, and current electricity consumption.
Customized Proposal: Orb Energy provides a personalized proposal outlining the technical specifications, costs, and financing options tailored to each customer's needs.
Seamless Installation: Once agreed, the company manages the entire installation process, including synchronization with the existing power grid.
Ongoing Support: Customers receive ongoing maintenance and monitoring services to ensure optimal system performance throughout its lifespan.
A Sustainable and Smart Investment
Orb Energy’s solar financing solutions not only reduce the financial barrier to entry but also promote environmental sustainability and energy independence. Whether you are a homeowner looking solar finance to cut electricity costs or a business aiming to reduce operational expenses and carbon footprint, Orb Energy provides a practical, affordable, and reliable path to clean energy.
To learn more or to schedule a consultation, visit Orb Energy’s Solar Finance page.
