Thai developers urged to reduce mortgage interest on houses with solar panels

Thai developers urged to reduce mortgage interest on houses with solar panels

Several leading Thai developers have called on mortgage lenders to lower interest rates on energy-efficient homes. Sansiri and Sena Development believe that this step will encourage buyers to purchase more environmentally friendly housing, which for the most part still remains more expensive than conventional housing.

Climate change is one of the key challenges facing the world right now. Energy-saving houses are associated not only with environmental, but also with economic problems, since Thailand is forced to import energy.

The cost of a house with solar panels installed on the roof is 10-15% higher than without them. By lowering interest rates on energy-efficient homes, buyers will not be burdened with price increases.

Developers in Thailand are increasingly introducing eco-friendly technologies into their projects. Small boutique developers were one step ahead when it came to eco-friendly homes, but now large firms have joined in. For example, Property Perfect has announced plans to install solar roofs on 30,000 units under construction, and charging stations for electric vehicles will be placed in another 50,000 homes.

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