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Cabinet Approves Household Solar Programme for One Million Homes with THB50,000 Subsidy

Nation Thailand - Economy

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AI-generated conceptual illustration with fictional people, not a photograph of actual people or the reported event. · M31 NEWS · Google Gemini AI

Key summary

The Cabinet has formally approved a national household solar programme targeting one million homes, offering a government subsidy of THB50,000 per household towards a standard THB140,000 package. Three state financial institutions—Government Savings Bank, Government Housing Bank (GHB), and the Bank for Agriculture and Agricultural Cooperatives (BAAC)—will provide loans at 2.5% annual interest over seven years. Registration opens on October 27, 2026, and closes on January 31, 2027. The programme supports rooftop, ground-mounted, and floating solar systems using equipment certified by electricity utilities. Participants may receive the subsidy via monthly deductions from loan balances or claim it directly through PromptPay if paying in cash. Eligibility is limited to one entitlement per electricity meter, with registration available online or at one-stop service points. Approximately 400 accredited vendors will inspect sites for technical suitability, with surveys due by June 30, 2027. The estimated funding package exceeds THB70 billion, financed through an emergency borrowing decree, including THB50 billion in subsidies and funds for smart meter upgrades and worker training.

M31 has compiled the key facts based on reporting from the source below. Please refer to the original article for details.

This article was restructured with AI-assisted translation and may contain errors. Please refer to the original source below for accuracy.

Official source

Nation Thailand - Economy

Read original ↗https://www.nationthailand.com/business/economy/40072803

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