Eco Solar Credit (Eco Crédito Solar)

Eco Solar Credit (Eco Crédito Solar)

Provides Mexican firms financing for solar power installations and related clean-energy energy projects.

Eco Crédito Solar is a NAFIN loan program that finances solar photovoltaic system installation for Mexican businesses holding commercial or industrial CFE electricity tariff contracts. The program covers the full scope of a solar installation: PV panels, micro and hybrid inverters, battery storage systems, bidirectional electricity meters, mounting structures, and monitoring equipment. Loans reach up to MXN 15,000,000 at a fixed annual interest rate of up to 16%, with repayment terms of up to eight years (96 months) including a grace period of up to six months. Six commercial banks participate in the program: Banamex, Banco del Bajío, Banorte, BanRegio, BBVA, and Mifel.

Eligible borrowers are SMEs and larger businesses with active CFE commercial or industrial electricity contracts under tariffs PDBT, GDBT, GDMTO, or GDMTH. Applicants must be legally constituted, have at least one year of operations with a CFE payment history, obtain a supplier installation quote, and provide a guarantor. There is no sector restriction beyond the CFE tariff requirement, meaning manufacturers, retailers, service businesses, and agricultural operations can all qualify provided they hold the eligible tariff.

The application process begins with obtaining a qualified solar supplier's installation quote, which is submitted alongside standard credit documentation to a participating bank. The bank evaluates the credit application under NAFIN's guarantee framework and, upon approval, disburses funds directly to the solar equipment supplier. Eco Crédito Solar is a debt product — recipients carry a repayment obligation at a commercial rate. There is no rebate or grant component within this specific product. Businesses motivated by long-term energy cost reduction and sustainability goals represent the primary applicant profile.