Ecofy, Mahindra Solarize team up for rooftop solar financing, installation

Promoted by Eversource Capital, Ecofy aims to be a catalyst in accelerating the transition towards a net zero carbon world

Mahindra Solarize has teamed up with Ecofy, an NBFC in a collaboration for rooftop solar financing and installation in the retail segment. This is aimed to facilitate collateral free loans for solar rooftop to accelerate green adoption.

Speaking on the impact, the CEOs of both the companies feel it would definitely reduce the electricity costs as compared to the average bill. "The solar rooftop installation should lower monthly electricity costs by about 70% for homes and businesses" said Rakesh Singh, CEO & Executive Director of Mahindra Solarize. "We are excited to partner with Ecofy as it allows us to offer