Finance Ministry Offers 50,000 Baht Solar Loans at 2.5% Interest

Registration opens October 27 for the Finance Ministry's solar loan program offering 50,000 baht per household at 2.5% interest. On October 22, 2026, Deputy Prime Minister and Finance Minister Pichai Chunhavajira revealed the ministry will propose a public solar installation package to the Cabinet on October 26, targeting 1 million households through a 400 billion baht borrowing decree, with 200 billion baht allocated for the clean energy transition. The total budget is estimated at 70-80 billion baht, divided as follows: 1. Loans through three state financial institutions — Bank for Agriculture and Agricultural Cooperatives (BAAC), Government Housing Bank (GHB), and Government Savings Bank (GSB) — with a combined 50 billion baht, lending 50,000 baht per household at a special low rate of 2.5% per year, uniform across all banks, with a minimum loan term of seven years. 'This will help people join the project without spending their own money. Registration opens October 27 at the special low rate of 2.5% per year, uniform across all banks, with a minimum loan term of seven years, allowing people to participate without any upfront cost,' Pichai said. He added that solar installation offers three options: rooftop, ground-mounted, or floating, with maximum capacity of 10 kilowatts, though the state will buy back excess power up to 5 kilowatts at 2.20 baht per unit per the National Energy Policy Council. Revenue from power sales will first cover bank installments, leaving households an estimated 700-1,000 baht net monthly income, reducing electricity costs while generating income. 2. Smart Grid and Smart Meter installation costs of 20-30 billion baht. The ministry is also collaborating with the Ministry of Labour to train solar installers, targeting state welfare card holders and low-income earners aged 20-50 to create sustainable careers and additional income.