The K–Energy Saving Guarantee Program (Solar Rooftop)
Reduce costs and increase revenue by selling electricity to the government. Enhance financial liquidity and competitiveness in the long run.
Credit limit up to 100% of the total project investment, inclusive of consultation fees and operations by expert companies.
Guaranteed energy savings ensured by professional solar project companies, repay the loan comfortably without affecting your business’s cash flow.
Up to 12 years.
The interest rate is based on
the bank's announcement.
Solar rooftop is the installation of solar cell on the rooftop of factories to generate electricity. The electricity generated will be used to replace electricity normally purchased by the Metropolitan Electricity Authority (Mea) and the Provincial Electricity Authority (PEA). Or the electricity generated can also be sold to MEA and PEA.
The service provider for solar rooftop will have a long term insurance for the solar cells and other equipments. Repairment and maintenance depends on the negotiation between the service provider and clients.
The service provider will find the root cause of the problem and solve it. If the problem is unsolvable and it is not due to uncontrollable factors or faults of usage done by clients, then the service provider must make monetary compensation to clients as agreed upon. Business owners can have full confidence that the cash flow for repaying the loan to the bank will not be affected.
Business owners must contact the organization involved to apply for a license to sell electricity to public sector (MEA and PEA). However, the government’s policy regarding purchasing electricity from private sector (Power Purchase Agreement) is still subjected to change or cancellation in certain periods. Hence, business owners need to follow the news regarding the policy.