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  • Opening Times: Mon - Sat 8.00 - 18.00
011 2679944 info@solartherm.lk
121, Castle Street, Colombo 08.

Finance Facilities

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Current Finance Facilities

SolarTherm - Alpha Solar Energy Systems (Pvt) Ltd is a registered company at the Sustainable Energy Authority and all clients of Alpha Solar Energy Systems (Pvt) Ltd are eligible for the solar loan facility provided by banks.

Lanka Electricity Company Limited (LECO) has introduced a solar loan scheme through National Savings bank for all LECO consumers .

All LECO consumers can acquire loans up to LKR 1,000,000.00 at a low interest rate of 8% and the monthly installment could be paid with the electricity bill at LECO.

MORE ABOUT LECO LOAN

  • Eligible only for LECO Consumers
  • Interest Rate : 8% (annual)
  • Loan Repayment Period: The maximum loan period is 7 years. However, the customer has the option to select 5 years or less.
  • No guarantors required and pre-settlement charges are not applicable for this loan scheme.
  • NSB will charge a loan processing fee of LKR 1,500/- from the customer.

Loan Type A: Maximum loan amount will be 90% of the supplier’s cost for Solar PV installation (excluding initial review fee, connection charges etc.) subjected to maximum of LKR 500,000.00

Loan Type B: Maximum loan amount will be 75% of the supplier’s cost for Solar PV installation (excluding initial review fee, connection charges etc.) subjected to maximum of LKR 1,000,000.00

The Loan installment schedule under this concessionary loan scheme is as follows

Loan Installment for a Tenure of
Loan Amount (LKR) 5 Years 7 Years
100,000.00 LKR 2,027.64 LKR 1,558.62
200,000.00 LKR 4,055.28 LKR 3,117.24
300,000.00 LKR 6,082.92 LKR 4,675.86
400,000.00 LKR 8,110.56 LKR 6,234.49
500,000.00 LKR 10,138.20 LKR 7,793.11
600,000.00 LKR 12,165.84 LKR 9,351.73
700,000.00 LKR 14,193.48 LKR 10,910.35
800,000.00 LKR 16,221.12 LKR 12,468.97
900,000.00 LKR 18,248.75 LKR 14,027.59
1,000,000.00 LKR 20,276.39 LKR 15,586.21

DOCUMENTS REQUIRED FOR SOLAR FINANCING

  • Signed copy of the quotation of the Solar Grid Tied System
  • Completed LECO loan application form
  • Line diagram of the solar system
  • SEA company registration copy
  • Deed Copy
  • Electricity bill copy
  • N.I.C copy of the bill account holder
Download LECO Loan Application

DOCUMENTS REQUIRED FOR SOLAR FINANCING (Banking Partners)

Salaried Applicants

Quotation on solar, copy of most recent electricity bill, N.I.C copy of the bill account holder, Salary /Installment assignment authorised by employer, income justification documents as required (Last 3-month bank statement, last 3 month salary slips, proof of employment)

Sole Proprietorship/ Self Employed

Quotation on solar panel, copy of most recent electricity bill, N.I.C copy of the bill account holder, Business Registration Copy, Income justification documents as required (6 months bank statement, 2 years audited financial statement and 2 years management accounts), tax payments receipt

Partnership

Quotation of the solar panel, copy of most recent electricity bill, N.I.C copy of the bill account holder, business registration copy, partnership agreement copy, income justification documents as required (6-month business and Individual bank statements, 2 years audited financial statement and 2 years management accounts)

Directors

Quotation of solar panel, copy of most recent electricity bill, business registration copy, Form 20, income justification documents as required (6 month business and individual bank statements, 2 years audited financial statement and 2 years management accounts)

Professionals

Quotation on solar panel, copy of most recent electricity bill, N.I.C copy of the bill account holder, Professional ID, proof of professional qualifications, income justification documents as required (last 3 month salary slips, proof of employment)