Financial support is available for domestic users and commercial users through cash incentives and discounted loans.
For domestic users
- Cash incentive. Households can receive a cash incentive for installing a solar PV system of up to SCR 25,000.
How to apply? Once the PV system has been commissioned by PUC Electricity, VetiverTech will submit a PV Rebate Application Form to PUC who needs to confirm that the system has been properly installed. SEC will then verify that the system meets the Terms and Conditions. The Project Coordination Unit (PCU) of UNDP will then be in touch to inform you whether or not your application has been successful. The rebate payment for successful applicants will be disbursed by the Development Bank of Seychelles (DBS).
- Discounted loan. A loan facillity of up to SCR 150,000 per household is available under the Seychelles Energy-Efficiency and Renewable Energy Programme (SEEREP) to purchase install a solar PV system and other energy saving devices. The loan duration is for a period of 1-5 years, with 5% interest rate per annum. The required borrowers’ personal contribution shall not exceed 2.5% of the loan amount and normal loan processing fees will be waived under this scheme.
How to apply? Once you have accepted our quotation, VetiverTech will submit the SEEREP Application Form to SEC for processing. Once approved, you can submit your application to your financial institution.