Thai Government to Launch Solar Energy Loan Scheme for Households
The Ministry of Finance plans to introduce a subsidized loan program for residential solar panel installations starting October 27, 2026.
According to Khaosod Online, Deputy Prime Minister and Minister of Finance Ekniti Nitithanprapas announced that the government will propose a new solar energy initiative to the Cabinet on October 26, 2026. The program aims to support the installation of solar systems in one million households as part of a broader transition to clean energy.
The proposal utilizes a portion of a 400-billion-baht loan decree, with an estimated total budget of 70 to 80 billion baht. A key component involves providing 50 billion baht in loans through three state-owned financial institutions: the Bank for Agriculture and Agricultural Cooperatives (BAAC), the Government Housing Bank (GHB), and the Government Savings Bank (GSB). Eligible households may apply for loans of up to 50,000 baht each, featuring a 2.5% interest rate. Registration for the scheme is scheduled to open on October 27, 2026.
For residents and property owners in Thailand, this initiative could significantly lower long-term electricity costs and promote sustainable living. However, the program is still subject to official Cabinet approval. Interested parties should monitor official government announcements following the October 26 meeting to confirm eligibility criteria, specific application requirements, and the final terms of the loan agreements before making any financial commitments.
