Thailand to Propose Solar Energy Subsidy for 1 Million Households

On October 22, 2026, Deputy Prime Minister and Minister of Finance Ekniti Nitithanprapas announced that the Ministry of Finance is preparing a new initiative to accelerate the transition to clean energy. According to Khaosod Online, the government intends to present a solar energy package to the Cabinet on October 26, 2026, with public registration scheduled to open on October 27.

The project aims to support the installation of solar systems in one million households, utilizing a budget of approximately 70 to 80 billion baht. This funding is expected to be drawn from the second portion of the 400-billion-baht emergency loan decree, specifically allocated for clean energy transitions. The proposed plan includes providing 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), with a combined credit line of 50 billion baht.

For residents, this initiative could significantly reduce long-term electricity costs and promote sustainable living. However, the proposal is still subject to Cabinet approval. Potential participants should monitor official government announcements following the October 26 meeting to confirm eligibility criteria, specific application procedures, and the final terms of the financial support packages.