Terms & Conditions

Comprehensive Version

Effective Date: 11/12/2025

Owned & Operated by: SolrCap Ventures Pvt Ltd

1. Introduction

Welcome to Solar Capital, a digital sustainability platform designed to help individuals participate in real solar energy projects through a subscription-based climate contribution model. When you subscribe:

  • You support the development of solar infrastructure.
  • You earn Green Credits based on actual energy generation.
  • Your subscription amount is fully refundable, released only at the end of your subscription tenure.

By accessing or using any part of the Solar Capital platform (website, mobile app, marketplace, dashboard, or related services), you agree to these Terms & Conditions and our Privacy Policy.

This agreement creates a legally binding relationship between you (the "User" or "Subscriber") and SolrCap Ventures Pvt Ltd, the owner of Solar Capital.

2. Nature of the Platform (Critical Clarification)

Solar Capital is a climate-action and environmental participation platform, not a financial or investment product.

Solar Capital is NOT:

  • • A securities platform
  • • A financial investment
  • • A deposit-taking system
  • • A profit-sharing instrument
  • • A product offering guaranteed or variable returns

Solar Capital IS:

  • • A digital mechanism enabling citizens to support solar projects
  • • A climate participation model with Green Credit rewards
  • • A transparent subscription-based service
  • • A refund-guaranteed sustainability contribution program

There is no promise of profit, interest, capital appreciation, dividends, or financial return.

3. Eligibility

To use the platform, Users must:

Be 18 years or older (or have legally valid guardian consent).
Complete required KYC as mandated.
Use the platform for personal, non-commercial, non-speculative purposes.
Provide correct and updated personal information.
Comply with all applicable Indian laws and digital regulations.

4. Subscription Model

4.1 What Your Subscription Represents

When you subscribe (e.g., ₹999):

  • You contribute toward installation and operation of a solar project.
  • Your subscription amount is locked for the entire tenure.
  • You earn Green Credits monthly based on energy generation.
  • You receive your 100% subscription refund ONLY after the tenure ends.

4.2 Non-refundable During Tenure

  • NO mid-term refunds
  • NO cancellations
  • NO premature redemptions

This ensures funds are committed to long-term solar project operations.

4.3 Subscription Tenure

  • • Varies by project (e.g., 6 months, 12 months, etc.)
  • • Specified at the time of subscription
  • • Refund starts processing after tenure completion

5. Green Credits

Green Credits are the core participant reward mechanism.

5.1 What Green Credits Represent

Green Credits reflect:

  • • Solar energy generated
  • • CO₂ offset
  • • Your climate-positive impact
  • • A digital record of your participation

They are not a financial return.

5.2 Value of Green Credits

Each Green Credit = ₹1

of reward utility value

Can be redeemed only within the approved Solar Capital ecosystem, including BBPS utility services (e.g., mobile recharge, DTH, electricity, broadband, water, etc.), subject to availability.

5.3 Expiry

Green Credits never expire.

They remain in your wallet indefinitely unless regulatory directions require modification.

5.4 Issuance

  • • Issued monthly based on real generation data from EPC partners/host institutions
  • • May vary month to month depending on sunlight, production, and operational factors

5.5 Restrictions

Green Credits cannot be:

  • Withdrawn as cash
  • Sold or traded
  • Used outside the permitted merchant ecosystem
  • Considered as income or investment return

6. Refund Policy

6.1 100% Refund Guarantee

Your subscription amount is returned in full, without deduction.

6.2 Refund Timing

Refund is issued ONLY after the subscription tenure ends.

Refund process timeline:

  1. 1. Tenure ends
  2. 2. Refund request auto-initiated
  3. 3. KYC reconfirmation (if required) – 1–3 business days
  4. 4. Refund processed to your bank account – 7–14 business days

6.3 Refund Method

Refund is credited to:

  • • Your original source of payment, or
  • • Your registered bank account

6.4 Cases When Refund Can Be Delayed

  • • KYC mismatch
  • • Incorrect bank details
  • • Force majeure situations
  • • Government/regulatory directives
  • • Delays in settlement from payment gateway partners

Solar Capital will communicate delays transparently.

7. Transfer Feature (If Enabled)

Solar Capital may allow subscription transfers.

7.1 Conditions

  • • Only peer-to-peer transfers
  • • No speculative resale
  • • No selling at a price higher than your subscription amount
  • • No trading or flipping for profit
  • • Transfer fees may apply

7.2 Transfer Limitations

  • • Green Credits already earned remain with the original user
  • • Tenure resets for the new user
  • • Refund eligibility resets accordingly

8. Project Operations

Solar Capital works with verified third-party EPC and host partners.

We will:

  • Install and maintain solar projects
  • Track generation data
  • Share monthly updates
  • Continuously monitor system performance

Solar generation depends on:

  • • Weather
  • • Grid availability
  • • Maintenance cycles
  • • Seasonal patterns

9. User Responsibilities

By using the platform, you agree to:

Not present Solar Capital as an investment product
Not attempt to abuse refund or credit systems
Not engage in fraud, chargebacks, or false claims
Maintain updated KYC information
Use the platform responsibly and ethically

10. Limitation of Liability

Solar Capital is not liable for:

  • • Fluctuations in solar energy generation
  • • Temporary delays in credit issuance
  • • Inaccurate generation data from third-party EPCs
  • • Delays caused by regulatory or compliance checks
  • • Disruptions caused by natural disasters, system outages, or force majeure

The User acknowledges that participation is voluntary and non-financial in nature.

11. Data & Privacy

Your data is protected under our Privacy Policy.

Solar Capital:

  • • Never sells personal data
  • • Uses secure systems for data storage
  • • Shares data only for KYC, compliance, or operational needs

12. Amendments

These Terms may be updated from time to time due to:

  • • Regulatory requirements
  • • Operational changes
  • • Feature additions
  • • Legal obligations

Continued use after an update means you accept the revised Terms.

13. Contact Information

Support Hours: 24/7

14. Acceptance of Terms

By registering, subscribing, or using Solar Capital, you confirm:

You understand Solar Capital is a climate participation model, not a financial investment.

You acknowledge Green Credits are non-financial rewards with utility value only.

You agree that subscription refunds are issued only after tenure completion.

You fully accept these Terms & Conditions.