For businesses in Armenia, installing a solar power plant has become an opportunity not only to reduce costs, but also to receive state and bank cashback. Under various programs, companies can receive up to 10%-15% return on their investment.
Cashback 10% – 15% for businesses
Under the GEFF/EBRD green financing program in Armenia, businesses can receive 10% or 15% cashback for installing a solar power plant. The program operates through leasing or lending and is designed specifically for solar power plants, energy-saving equipment, and EV charging systems.
This means:
- Station worth 20,000,000 AMD
- 10% cashback = 2,000,000 AMD return
- 15% cashback = 3,000,000 AMD return
Up to 15% cashback for businesses
There are also programs in Armenia where businesses can receive up to 15% one-time cashback for solar or other green investments. These programs are provided through bank lending or leasing and are designed for companies, sole proprietorships, and agricultural businesses.
Example
- 30,000,000 AMD station
- 15% cashback = 10,500,000 AMD return
What programs provide cashback?
In Armenia, the following are mainly used:
- EBRD / GEFF Green Finance
- EU4Business Programs
- Bank Leasing for Solar Power Plants
- Energy Efficiency Financing for Business
These programs are designed for:
- for factories
- for hotels
- for gas stations
- for shops and supermarkets
- for agricultural businesses
Under what conditions is cashback given?
Typically required:
- Business registration in Armenia
- Installation of solar power plant from an approved supplier
- Purchase under a loan or leasing program
- Technical acceptance (verification)
Cashback is transferred after the station is installed.
Cashback comes to the business’s bank account, and they have the right to freely dispose of it.
Solar plant ROI for business
With cashback, the business payback period is drastically reduced.
In case of installing a solar power plant for businesses in Armenia, it is possible to receive:
- 10% cashback
- 15% cashback
- 0% or subsidized interest rate
- quick payback (3-5 years)
For this reason, solar power plants have become not an expense, but an investment, with government support.
