Solar Power Loan are financial programs designed to encourage individuals and businesses to adopt solar energy systems. These schemes typically offer attractive interest rates, subsidies, and other incentives to make solar power installations more affordable.  

• Application: You apply to a financial institution, such as a bank or a non-banking financial company (NBFC), for a solar power loan.  
• Loan Approval: The lender assesses your creditworthiness and the feasibility of the solar project.  
• Loan Disbursement: Once approved, the loan amount is disbursed to the solar equipment supplier or directly to you.
• Repayment: You repay the loan in monthly installments, typically over 5-10 years.

Benefits of Solar Power Loan

• Reduced Electricity Bills: Solar power systems can significantly reduce your electricity costs.  
• Environmental Benefits: Solar energy is a clean and renewable source of energy, helping to reduce carbon emissions.  
• Government Incentives: Many governments offer subsidies and tax benefits to promote solar energy adoption.  
• Increased Property Value: Solar power systems can increase the value of your property.  
• Energy Independence: Solar power can help you become less reliant on traditional power grids.

1. Residence up to Rs.5.00 Lakh.

2. Commercial up to Rs.25.00 Lakh.

* INTEREST RATE *

• Documents Required for Solar Power Loan  ☞ Click Here