Pay-as-you-save rooftop solar scheme: Tata Power targets 200 MW across Punjab businesses

Tata Power Renewable Energy Limited (TPREL) launched a pay-as-you-save scheme for rooftop solar systems for commercial and industrial consumers. The offer allows businesses to move to green energy with zero upfront payment. TPREL said repayments can be made through monthly instalments that match expected savings from solar generation.

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TPREL said it plans to install 200 megawatts of rooftop solar capacity across Punjab’s commercial and industrial consumer segment. The company set a timeline of the next three years for this rollout. It said the programme aims to support firms facing higher power bills and shifting sustainability expectations.

TPREL rooftop solar scheme in Punjab for commercial and industrial users

Under the Sustainable Edge initiative, TPREL said the financing model removes the need for upfront capital. Businesses can repay via affordable monthly EMIs or lease rentals. The company said the payments are aligned with estimated savings from rooftop solar power generation. It added that the approach is designed to make adoption easier.

TPREL said the scheme links repayments to projected energy output from the solar system. The company said this structure can support better cash flow for participating businesses. It said the aim is to help enterprises shift towards clean energy while managing monthly energy expenses more predictably.

TPREL rooftop solar SunSmart Flexi EMI plan and digital financing

TPREL said its SunSmart Flexi EMI programme offers collateral-free financing and competitive interest rates. The company said it also provides flexible repayment tenures and a fully digital approval process. It said these features are meant to make rooftop solar adoption faster and simpler for enterprises of all sizes.

Punjab has industries including textiles, bicycle manufacturing, engineering goods, auto components, foundries, food processing and agricultural equipment. TPREL said rising electricity costs and the need for better efficiency are influencing energy choices. The company said renewable energy is becoming a strategic business need for many sectors.

TPREL rooftop solar and Tata Power Battery Storage systems for businesses

Tata Power Renewables also showcased its battery energy storage systems portfolio under the Tata Power Battery Storage brand. The company said the range covers storage solutions from 5 kWh to 50 MWh. It said the options are meant for residential and commercial applications, alongside rooftop solar adoption.

Praveer Sinha, CEO & MD, Tata Power, said: Our Pay-as-you-Save rooftop solar offering enables Punjabs industrial and commercial consumers to transition to renewable energy without any upfront investment while benefiting from predictable savings. TPREL said it already has over 5,661 rooftop solar installations in Punjab.

With inputs from PTI