Benefits you will receive
Opportunity to obtain bank loans from local banks for solar systems
Turn your roof in to an asset with us to earn money while generating your own power
This program will facilitate you to completely eliminate your electricity bill and generate more, Surplus can be sold to the electricity board
Any additional electricity generated within the 1st 7 years will be purchased at Rs.22.00 per unit and after the 7th year Rs. 15.50 per unit
Battle for solar energy (Sooryabala Sangramaya)
The Battle for Solar Energy, also known as Sooryabala Sangramaya, is a government initiative aimed at meeting Sri Lanka’s future energy needs and achieving self-sufficiency in power. The program is implemented in collaboration with the Ministry of Power and Renewable Energy, Ceylon Electricity Board, Sri Lanka Sustainable Energy Authority, and other relevant organizations.
This initiative encourages households to participate in power generation by installing small solar power systems on their rooftops to meet their own energy needs. Under the program, micro solar units will be established in one million homes across the country, connected to a net metering system. Households will have access to solar panels at concessionary rates, and any excess electricity generated can be sold back to the Ceylon Electricity Board. The government anticipates that the program will contribute 200 MW of solar power to the national grid by 2020 and 1,000 MW by 2025, significantly boosting renewable energy adoption in Sri Lanka.
Lanka Electricity Company Limited(LECO) is introducing solar loan schemes up to 1 million for LECO consumers. Only the first 2000 customers will be selected, so apply now to enjoy this limited time offer.
About the loan
- This loan is for LECO consumers ONLY (CEB consumers are not eligible).
- Maximum loan amount = Rs. 1, 000,000 (1 Million)
- Interest rate = 8%
- No need of guarantors.
- Payback period = 7 years through monthly LECO electricity bill.
Loan conditions
- If the loan amount is less than Rs.500,000, 90% will be paid by the loan and the rest by the customer.
- If the loan amount is less than Rs.1,000,000, 75% will be paid by the loan and the rest by the customer.
- If the loan amount is Rs.1,000,000, more than 25% should be paid by the customer and the rest will be paid by the loan.
Bank partners
