Most solar plants in Georgia are built with borrowed money. Homes and businesses can use bank energy loans, EBRD credit lines and the state's Produce in Georgia programme; larger plants are financed by Georgian banks and development banks against a contract that secures revenue. This guide explains each source, what it offers and what lenders ask for. Information is as of October 2026; check current terms with the bank before you apply.
Sources of solar financing in Georgia
| Source | For whom | What it offers |
|---|---|---|
| Bank solar loans | Homes and businesses | Loans in GEL, USD or EUR; some banks accept the panels as the only collateral (source) |
| EBRD GEFF credit line | Homes and businesses, through partner banks | Loans of up to $300,000 for listed equipment, up to $1 million for individuals and up to $5 million for businesses, with free technical advice (source) |
| EU4Business – EBRD credit line | Small and medium businesses | Eligibility for a 10% grant, available through partner banks such as ProCredit (source) |
| Produce in Georgia (Enterprise Georgia) | Solar, wind and hydro plants up to 0.5 MW | State co-financing of loan or leasing interest, plus collateral support (source) |
| Project finance | Plants of several MW | Long-term debt from Georgian banks and development banks such as the EBRD, against a CfD or a long-term sales contract (source) |
Bank loans for homes and businesses
All major Georgian banks lend for solar. The EBRD's Green Economy Financing Facility (GEFF) works through ProCredit Bank, TBC Bank, Bank of Georgia, Basisbank and Crystal (source). GEFF loans are approved under each bank's normal credit criteria, and GEFF advisers can check whether an investment qualifies.
ProCredit Bank, for example, advertises for business solar plants (source):
- preferential rates in GEL, EUR or USD and no disbursement fee;
- a 10% grant through the EU4Business – EBRD credit line;
- interest subsidies when combined with Produce in Georgia or the Rural Development Agency;
- the purchased panels as the only collateral.
For a business on net metering, the electricity savings often cover the monthly loan payment. Our solar panel price guide shows how to size a system and estimate payback.
Produce in Georgia: state support up to 0.5 MW
Enterprise Georgia's Produce in Georgia programme added electricity generation to its Business Universal component. Solar, wind and hydro plants with an installed capacity of up to 0.5 MW can receive support on a bank loan or leasing, including co-financing of the interest rate for the loan term and help with collateral (source). Because the cap matches the 500 kW limit for net metering, the programme fits commercial plants that supply a business or a group of businesses. Apply through a participating bank; the bank checks eligibility with Enterprise Georgia.
Financing utility-scale plants
Plants of several megawatts are financed as projects: the loan is repaid from the plant's revenue, so lenders look first at how that revenue is secured.
- Revenue contract. A 15-year contract for difference from a state auction or direct selection, or a long-term sales contract with a creditworthy buyer. See how CfDs work and selling solar power to businesses.
- Development banks. In 2026 the EBRD approved up to $19.6 million for the 52.8 MW Veli solar portfolio (source).
- Georgian banks. TBC Bank and other Georgian banks finance plants from 500 kW upwards. Our own 2.5 MW portfolio in Tbilisi was financed mostly with a 10-year loan from TBC Bank.
- Currency. Net-metering savings and regulated tariffs are in lari, while equipment is priced in dollars. Match the loan currency to the revenue where you can, or price the currency risk into the model.
What lenders ask for
- Land title registered in the Public Registry, with the right land category and access.
- Grid connection agreement or a connection offer with capacity and date; see our grid connection guide.
- Permits for the site and, for larger plants, environmental screening.
- Revenue contract: CfD, sales contract or a net-metering structure with signed consumers.
- Independent yield study (PVGIS or a specialist energy yield assessment) and a financial model.
- EPC contract with a fixed price, a schedule, performance guarantees and equipment warranties.
- O&M contract and insurance for the operating period.
Our solar farm development guide shows the order in which these come together.
Frequently asked questions
Can I get a loan for solar panels in Georgia? Yes. TBC Bank, Bank of Georgia, ProCredit Bank, Basisbank and Crystal offer solar or green loans, many of them through the EBRD's GEFF credit line.
Is there state support for solar in Georgia? Yes. Produce in Georgia co-finances loan or leasing interest for solar, wind and hydro plants of up to 0.5 MW. Larger plants can apply for a 15-year contract for difference.
How much can a business borrow through GEFF? Up to $5 million for larger renewable energy projects, and up to $300,000 for equipment from GEFF's Green Technology Selector, subject to the bank's credit assessment.
Do I need collateral? It depends on the bank. ProCredit Bank says the purchased solar panels can be the only collateral for business solar loans.
Planning a solar plant and its financing? We have financed our own and advise investors on lenders, structure and documents. See our solar advisory and co-development services or contact us.
