GH Bank Launches Solar Loan Scheme for Households
The Government Housing Bank (GH Bank) has introduced a new solar energy loan program with a 2.50% annual interest rate to support residential clean energy adoption.
According to Prachachat Business, the Government Housing Bank (GH Bank) has officially launched a solar energy loan initiative for the general public. The program features a total credit line of 45 billion baht, offering an interest rate of 2.50% per annum. The initiative is designed to help households reduce their monthly utility expenses, with repayment installments set at approximately 1,200 baht per month.
This program aligns with government policies aimed at facilitating a transition toward clean energy sources. For residents in Thailand, this scheme may offer a viable financial pathway to install solar panels, potentially lowering long-term electricity costs. Interested applicants are required to register through the relevant electricity authority to participate.
As of the current announcement, the application period for this loan is open until August 31, 2027. While the program provides a clear framework for financial support, prospective applicants should verify specific eligibility criteria and documentation requirements directly with GH Bank or the electricity authorities. It remains to be confirmed how quickly the allocated 45 billion baht credit line will be exhausted and whether additional terms or conditions will be introduced as the program progresses.
