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Checked 14 October 2026

Paying for solar, explained simply.

The government grant, the DBM loan, a green loan from your own bank and the financing we offer with our partners: what each one is, and how to compare them.

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grant on the system cost
25 %
maximum grant per application
Rs 75,000
DBM loan, systems up to 3.5 kW
Rs 200,000
DBM loan, up to 15 kW with battery
Rs 1,000,000

Four ways to fund it

Pick one, or combine them.

The grant lowers the cost and a loan spreads the rest. Here is what each option is and who it comes from.

  1. Government, through the DBM

    Government grant

    25 % of the system cost, up to Rs 75,000 per application. Applications go through the Development Bank of Mauritius online form.

    Read the scheme guideDBM grant application form

  2. Development Bank of Mauritius

    DBM loans

    • Up to Rs 200,000 over up to 7 years for systems up to 3.5 kW, with at least Rs 10,000 from you.
    • Up to Rs 1,000,000, 90 % of the project, over up to 7 years for systems up to 15 kW, batteries and EV charging included.

    Interest rates are set by the DBM.

    DBM loan up to 3.5 kWDBM loan up to 15 kW

  3. Your bank

    A green loan from your own bank

    You apply at your own bank, which decides on your file. Some banks have green loans for solar panels: MCB, Absa and SBM (its Eco Loan) all name solar on their pages, and SICOM has an EcoPlus Green Loan. Other banks may offer similar loans, so ask yours.

    Rate, term and conditions depend on your profile and are the bank's own: ask for them in writing. Your bank will ask for a supplier quotation, which we give you.

    Green loans from

  4. Offered by Grubbs

    With our finance partners

    Financing through Grubbs

    We offer financing facilities with finance partners, including the ones below. The exact rate, term and eligibility depend on your situation, so we guide you step by step and explain each option in simple words. Ask us which one fits your project.

    • Merchant WestSouth African finance group, also active in Mauritius
    • Rogers Capital
    • CIM Finance
    Ask about financing

Green loans from Mauritian banks

A bank is listed only when its own page names solar panels. These banks are not Grubbs partners: you apply to them directly.

  • MCBGreen LoanIndividualsPhotovoltaic panels, solar water heaters and rainwater harvestingSee the page
  • AbsaGreen LoanIndividualsPhotovoltaic panels, among other green projectsSee the page
  • SBMEco LoanIndividuals and businessesPhotovoltaic systems and solar technologies, among other climate projectsSee the page
  • SICOMEcoPlus Green LoanIndividualsSolar energy, rainwater harvesting and electric-car fast chargersSee the page
  • BCP BankSME Green LoanBusinesses and professionalsPhotovoltaic panels for professional use, among other green projectsSee the page

Other banks may offer similar loans, so ask yours. Rates, amounts and terms depend on your profile and change over time: ask the bank for them in writing.

Estimate a repayment

What would it cost each month?

Enter the amount to finance and the rate and term you were offered. The calculator does the sum. It is an illustration, not an offer.

Rs

If your quote already deducts the grant, enter the amount after the grant.

%
years
Monthly payment
Rs 3,652
Total repaid
Rs 306,780
Of which interest (6 %)
Rs 56,780

The example values are only placeholders: replace them with your offer. Fees, insurance and a rate that changes over time are not included.

Other help

Two more ways solar costs less.

Neither is a loan. Both come from the tax rules.

  • Income tax deduction

    Individuals can deduct the full amount invested in a solar energy unit — panels, inverter, battery, charge controller — in the income year (Income Tax Act, s.27C). Any unrelieved amount is carried forward, and a couple may split it. Solar water heaters do not qualify.

    See it on the MRA site

  • Zero-rated VAT

    Photovoltaic systems, panels, batteries and inverters are zero-rated for VAT under the Fifth Schedule of the VAT Act.

    Read the VAT Act

Questions

Your questions about financing.

Answers taken from the lenders' and the authorities' own pages listed beside them.

Official sources

Last checked 14 October 2026

All our solar questions

Yes. You apply at your own bank, which decides on your file. MCB, Absa and SBM (its Eco Loan) all name solar on their pages, and SICOM has an EcoPlus Green Loan that also covers solar. Other banks may offer similar loans, so ask yours. The rate, term and conditions depend on your profile and are the bank's own: ask for them in writing. Your bank will usually ask for a supplier quotation.

Source: MCB — Green Loan · Absa — green loan · SBM — Eco Loan · SICOM — EcoPlus Green Loan · BCP Bank — SME Green Loan

Yes. We offer financing facilities with finance partners, including Merchant West, Rogers and CIM Finance. The exact rate, term and eligibility depend on your situation, so we guide you step by step and explain each option in simple words: ask us which one fits your project.

For systems up to 3.5 kW, with or without a battery, the DBM lends up to Rs 200,000 over up to 7 years, with at least Rs 10,000 from you after the grant. For systems up to 15 kW, including batteries and EV charging, it lends up to Rs 1,000,000, 90 % of the project, over up to 7 years. The DBM sets the interest rates.

Source: DBM loan up to 3.5 kW · DBM loan up to 15 kW

Yes. The DBM's household loan page presents the loan together with the 25 % grant, up to Rs 75,000, which the DBM handles through its online form. A loan from your own bank or from one of our partners covers the part of the cost you choose to finance.

Source: DBM loan up to 3.5 kW · DBM grant application form

Yes, if you are an individual. You can deduct the full amount invested in a solar energy unit in the income year, any unrelieved amount is carried forward, and a couple may split it (Income Tax Act, s.27C). Solar water heaters do not qualify.

Source: MRA — reliefs and deductions

Compare the total you will repay, not only the monthly payment. Then check whether the rate is fixed or variable, which fees and insurance are required, what security is asked for, whether you can repay early, and whether the loan covers the panels, the battery and the installation.

Ready when you are

Let’s find the financing that fits your project.

Tell us your budget and your CEB bill. We will show you the options, with our partners or with your own bank.

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