Everything You Need to Know About Solar Loans in India
Switching to solar power is a smart financial move, but the upfront cost can be a hurdle for many households. Fortunately, multiple Indian banks and NBFCs now offer dedicated Solar Loans (often called Green Loans) to help you finance your rooftop solar system.
How to Use the Solar EMI Calculator
Our calculator helps you plan your monthly budget by providing a clear breakdown of your loan repayment. Simply enter the loan amount, the interest rate offered by your bank, and the tenure (in years).
Popular Banks Offering Solar Loans
- State Bank of India (SBI): Offers Surya Ghar Solar loans with attractive rates for systems up to 3kW.
- HDFC Bank: Provides financing for residential solar setups.
- Tata Capital: Specializes in solar rooftops for both residential and commercial clients.
- Janata Banks: Many cooperative banks offer localized solar schemes.
Benefits of Financing Solar
One of the biggest advantages of a solar loan is that the monthly savings from your electricity bill often exceed the monthly EMI of the loan. This makes the system "self-funding" from day one.