Go green and save money with our solar energy financing solutions. Get affordable loans for residential and commercial solar panel installations with zero collateral options.
No security or property required. Your solar system itself serves as collateral.
Starting from 7.50% p.a. Special green financing rates for eco-friendly solutions.
Reduce your carbon footprint and contribute to a sustainable future.
Save up to ₹1 lakh annually on electricity bills. ROI within 4-5 years.
| Bank / Institution | Interest Rate (p.a.) | Loan Amount | Processing Fee | Max Tenure | Apply |
|---|---|---|---|---|---|
| State Bank of India | 7.50% - 8.50% | ₹20 Lakh | 0.50% | 10 Years | Apply |
| HDFC Bank | 8.00% - 10.50% | ₹30 Lakh | 1.00% | 10 Years | Apply |
| Bank of Baroda | 7.75% - 9.00% | ₹25 Lakh | 0.50% | 10 Years | Apply |
| IndusInd Bank | 8.50% - 11.00% | ₹20 Lakh | 1.50% | 7 Years | Apply |
| Clix Capital | 9.00% - 14.00% | ₹15 Lakh | 2.00% | 5 Years | Apply |
| Loom Solar | 0% - 12.00% | ₹10 Lakh | Nil | 3 Years | Apply |
1kW to 10kW systems for homes. Generate clean energy for your entire household needs.
10kW to 500kW systems for offices, factories, and warehouses.
Small to medium systems for retail shops and small businesses.
Solar-powered water pumps for agricultural irrigation needs.
Integrated solar systems with electric vehicle charging stations.
Large-scale ground-mounted solar farms for commercial use.
Contact an MNRE-approved vendor to get a quotation for your solar system
Verify your eligibility based on income, property, and credit profile
Apply with the solar vendor quotation and required documents
Loan disbursed to vendor after installation and verification
Get affordable financing for your solar panel installation and start generating free electricity
Apply NowCalculate your monthly EMI instantly
Depending on your system size and electricity consumption, you can save between ₹50,000 to ₹1,50,000 annually on electricity bills. Most systems pay back within 4-6 years and provide free electricity for 15-25 years thereafter.
The Central Government provides 30% subsidy on solar power systems for residential users under the PM-KUSUM scheme. Some state governments offer additional subsidies. Commercial installations qualify for accelerated depreciation benefits.
Net metering allows you to export excess solar power to the grid. Your electricity meter runs both ways - you get credited for excess energy generated and draw from the grid when needed. At the end of the billing cycle, you only pay for the net consumption.
Solar panels require minimal maintenance - just occasional cleaning to remove dust and debris. Most quality panels come with 25-year performance warranties. Annual professional cleaning and inspection are recommended for optimal performance.
Yes, many lenders offer collateral-free solar loans up to ₹20 Lakhs based on your credit score and income. The solar panel system itself serves as collateral, and some lenders don't require any additional security.
Residential installations typically take 1-3 days for systems up to 10kW. Commercial installations may take 1-4 weeks depending on system size. Grid connection approval from the local electricity board may take additional 2-4 weeks.