Financing

PV Rebate Scheme

(GOS-UNDP-GEF Financial Rebate Scheme for Grid-Connect Rooftop PV Systems)

This scheme is in place to encourage residential & commercial users to install PV Grid Connects systems. The scheme is available temporally and subject to strict conditions.

The rates used for the rebate scheme are as follows:

Domestic
Indexed Installed Cost = USD 2.8/Wp*
Rebate % = 25%
System Size Cap = 3 kWp
Maximum Rebate Amount = SCR 25,200
These rates are applicable for all systems commissioned after 27th April 2015.

Commercial
Indexed Installed Cost = USD 3.20/Wp*
Rebate % = 15%
System Size Cap = 15 kWp
Maximum Rebate Amount = SCR 86,600

* $1 = SCR 12

GOS-UNDP-GEF Grid-Connected Rooftop PV Systems
Programme Coordination Unit
1st Floor, Les Palmes Building, Victoria
T: 432 5599 / 422 5914

Seychelles Energy Commission
3rd Floor, Room 307/308
Block B, Unity House,
PO Box 1488
Palm Street, Victoria, Mahe, Seychelles
T: +248 461 0824
W: www.sec.sc

SEEREP Loan

(Seychelles Energy Efficiency & Renewable energy Program)

The objective of the loan is to encourage residential users to adopt the use of energy efficient devices and renewable energy.

For example:
LED lighting
Energy efficient appliances (fridge, washing machine)
Solar water heaters
PV renewable energy

Loan Terms*:
Eligibility: residential customer and energy efficient or renewable energy products only
Term: 1-5 years only
Guarantee: 50% of loan
Amount: up to SCR 100,000
Interest rate: 5%
Bank Fees: no bank fees
Personal Contribution: not more than 2.5% of loan
Guarantee: not more than 50% of loan
Repayment: 1 to 5 years
*Additional terms apply

For more information, please contact
Your local bank
OR
Ministry of Finance seerep@finance.gov.sc

Small to Medium Enterprise (SME) Loan

The SME Loan is an incentive for the commercial sector. An agreement between the Government of Seychelles and the Commercial Banks to encourage commercial clients to adopt energy efficient and renewable energy products.

Loan Terms
Amount: up to SCR 3 million
Grace Period: 6 months for repayments
Bank Charges: capped at 0.25% of loan up to SCR 3 million
Personal Contribution: not more than 2.5% of loan
Guarantee : not more than value of loan

Seychelles Energy Commission
3rd Floor, Room 307/308
Block B, Unity House,
PO Box 1488
Palm Street, Victoria, Mahe, Seychelles
T: +248 461 0824
W: www.sec.sc

 

GOS-UNDP-GEF Grid-Connected Rooftop PV Systems
Programme Coordination Unit
1st Floor, Les Palmes Building, Victoria
T: 4325599

Seychelles Investment Board
2nd Floor, Caravelle House
Victoria, Mahe Seychelles
T: +248 429 5500
E: info@sib.gov.sc
W: www.sib.gov.sc

Development Bank Seychelles
PO Box 217
Independence Avenue,
Victoria, Mahe, Seychelles
T: 248 429 4400
E: devbak@dbs.sc
W: www.dbs.sc