IREDA Loan scheme is for all Solar rooftop power projects having minimum aggregate/Individual installed capacity 1000 kWp. Finance is available upto 75% of project cost with very Low interest rates range from 9.9% to 10.75%.

1. Financial & Operational Guidelines of IREDA
A Presentation By:
EnvironmentFirst Energy Services (P) Ltd.
LOAN SCHEME FOR FINANCING GRID CONNECTED
ROOFTOP SOLAR PV POWER PROJECTS
(INDUSTRIAL, COMMERCIAL AND INSTITUTIONAL)

2. Project Monitoring & Provision of Lender’s Engineer
Salient Features of IREDA Loan Scheme
Very Low interest rates range from 9.9% to 10.75%
Minimum Capacity eligible for Loan is 1000 kWp with no restriction
on upper limit
With Moratorium of one year and repayment period of nine years
Loan is available up to 75% of project cost

3. Table of Contents
Set AchievedTargets
Rs. 6,85,000 Rs. 4,45,000Revenue
Rs. 6,25,000 Rs. 4,45,000Revised Revenue
9 3Non Revenue
Combined Target Achieved
52.2%
Travelling/Revenue Ratio
58.9%
1
2
3
4
Eligible Projects for Assistance
Application documentation guidelines
Credit Rating, Interest Rates etc.
Project Monitoring & provision of Lender’s Engineer
5 Other Guidelines/Norms

4. Eligible Projects for Assistance
Set AchievedTargets
Rs. 10,00,000 Rs. 6,42,000NBURs. 15,00,000 Rs. 11,13,700WBU
Combined Target Achieved
64.2%
Salary/Revenue Ratio
The NBU Marketing Team was directed to shore up its
efforts to ensure at least 90% target achievement by
virtue of which salary/revenue ratio adjusts reduces to
the desired levels.
Excessive Wind Revenue
Rs. 2,20,000
(Carried Forward to Q2)
Q2 onwards, 50% of the revenue
in excess of the cap would be adjusted.
(Salary + Travel)/Revenue
14.7%
1
2
3
4
All Grid connected/interactive Solar PV projects located on Rooftops
Applications can be submitted under Aggregator Category and Direct
Category.
Minimum project capacity to be submitted shall be at least 1000 kWp.
Minimum capacity of sub projects under Aggregator mode shall not be less
than 20 kWp.
5
Under Direct Category Applicants shall include projects from single roof
owners only with minimum 1000 kWp capacity

5. Eligible Projects for Assistance
Set AchievedTargets
Rs. 10,00,000 Rs. 6,42,000NBURs. 15,00,000 Rs. 11,13,700WBU
Combined Target Achieved
64.2%
Salary/Revenue Ratio
The NBU Marketing Team was directed to shore up its
efforts to ensure at least 90% target achievement by
virtue of which salary/revenue ratio adjusts reduces to
the desired levels.
Excessive Wind Revenue
Rs. 2,20,000
(Carried Forward to Q2)
Q2 onwards, 50% of the revenue
in excess of the cap would be adjusted.
(Salary + Travel)/Revenue
14.7%
1
a
b
c
Eligible Entities/ Categories as per IREDA norms shall include the
following.
Private Sector Companies/ firms
Central Public Sector Undertaking (CPSU)
State Utilities/ Discoms/ Transcos/ Gencos/ Corporations
d Joint Sector Companies

6. Eligible Projects for Assistance
Set AchievedTargets
Rs. 10,00,000 Rs. 6,42,000NBURs. 15,00,000 Rs. 11,13,700WBU
Combined Target Achieved
64.2%
Salary/Revenue Ratio
The NBU Marketing Team was directed to shore up its
efforts to ensure at least 90% target achievement by
virtue of which salary/revenue ratio adjusts reduces to
the desired levels.
Excessive Wind Revenue
Rs. 2,20,000
(Carried Forward to Q2)
Q2 onwards, 50% of the revenue
in excess of the cap would be adjusted.
(Salary + Travel)/Revenue
14.7%
1
2
3
4
All Grid connected/interactive Solar PV projects located on Rooftops
Applications can be submitted under Aggregator Category and Direct
Category.
Minimum project capacity to be submitted shall be at least 1000 kWp.
Minimum capacity of sub projects under Aggregator mode shall not be less
than 20 kWp.
5
Under Direct Category Applicants shall include projects from single roof
owners only with minimum 1000 kWp capacity

7. Application documentation guidelines
Marketing
Development
*on a scale of 5
3.6*
3.4*
1
2
3
4
Applicants shall be required to submit loan application
Applicants shall be required to submit external credit rating under Rooftop
Grading System
Projects shall be required to comply with minimum technical standards as
per MNRE /CEA guidelines for rooftop solar/distributed generation
Projects can be located on single or multiple roofs but should be located
within the geographical boundary of the single district/discom.

8. Credit Rating, Interest Rates etc.
Set AchievedTargets
Rs. 10,00,000 Rs. 6,42,000NBURs. 15,00,000 Rs. 11,13,700WBU
Combined Target Achieved
64.2%
Salary/Revenue Ratio
The NBU Marketing Team was directed to shore up its
efforts to ensure at least 90% target achievement by
virtue of which salary/revenue ratio adjusts reduces to
the desired levels.
Excessive Wind Revenue
Rs. 2,20,000
(Carried Forward to Q2)
Q2 onwards, 50% of the revenue
in excess of the cap would be adjusted.
(Salary + Travel)/Revenue
14.7%
1
2
3
4
IREDA shall conduct credit rating for all projects in a band of 4 grades (I, II,
III & IV) based on the risk assessment
The applicable interest rates range from 9.9% to 10.75% and will be purely
dependent and linked with credit ratings
Additional Interest @ 0.50% over and above the applicable rate of interest
shall be charged till the date of commissioning of the project.
All applicants shall be required to obtain credit rating from rating agencies
under the IREDA Rooftop Rating Model from empanelled Rating Agencies.
5
Maximum repayment period for the loan shall be up to 9 years, with the
moratorium period of 12 months from the date of COD of the project.
6
Maximum construction period for the loan shall be up to 12 moths from the
date of first disbursement.
7
The loan equity ratio will be 70:30 However, IREDA may extend loan upto
75% on the basis of the creditworthiness and track record of the promoter

9. Project Monitoring & Provision of Lender’s Engineer
Provision of Lender’s Engineer
IREDA shall engage lender’s engineer from IREDA’s empanelled list of
Lender Engineers for monitoring and quality assurance, safety issues
in project construction and operational monitoring.

10. a) Lender’s engineer shall also provide its independent recommendations/comments on the
quality and performance of project for minimum three instances i.e. one each at
Presanction, during construction and project commissioning.
b) Lender’s Engineer shall review pre sanction techno commercial feasibility including existing
shadow profile, construction progress, and project commissioning & completion report.
c) Lender’s Engineer shall monitor compliance of applicable EHS norms including fire safety
clearance on project site during construction and post commissioning.
d) Lender’s Engineer shall submit performance review of commissioned projects vis a vis
envisaged at the time of appraisal/EPC contract and give its final Completion Report
including its Recommendations and Observations.
Provision of Lender’s Engineer

11. Other Guidelines/Norms

12. Eligible Revenue Models
CaptivePowerSaletoGrid
System aggregator and roof Owners shall enter into roof lease and
O&M agreement for guaranteed solar generation. Direct applicants
shall be required to submit O&M agreement for loan tenor or
performance guarantee if self.
Under Net Metering
Roof Owners enter into agreement with discom and aggregator as per
Net metering policy.
Under Gross Metering
Aggregator enters into agreement with discom/third party and roof
owner under Applicable solar Policy.

13. Eligible Revenue Models
Govt./Semi
Govtbodies
OtherRevenue
Models
The DISCOM/Govt/Semi Govt bodies may
appoint Aggregator to implement the Solar
Facilities on its behalf for implementing
projects.
Other revenue models shall also be
considered depending upon viability.

14. Documentation and Application
Saturdays are working days
A good quality Gensol T-Shirt will
be designed. It is optional for a
Team member to purchase it.
Hardship allowance has been
introduced.
Neha Singh to conduct a session for
TA/DA functionalities before 15th July
at WBU and before 1st Aug at NBU
Timely appraisals
would be ensured.
Quality of food has to be maintained.
If possible, company would bare the
expense for the same.
Total 48 Documents and Forms have
to be submitted to IREDA for getting
loan sanctioned
You can opt to be benefitted from our
value services for easy processing and
sanctioning procedure

15. Registered Office:
405 A, Prakrati Corporate, Y N Road, Indore
(INDIA) 452001 • +91-731-6007860
Chandigarh Office:
SCO 48, 2nd Floor, Opposite P.O., Sector-8,
Panchkula (INDIA) 134109 • +91-7696644244
Mumbai Office:
A1-1603, Runwal Garden City, Balkum, Thane
(W), Mumbai (INDIA) – 400607 •+91-9022437785
Other Representative Locations
Delhi, Chennai, Ahmadabad and Jaipur
Email ID: info@environmentfirst.in