RBI-registered NBFC · N-13.02216
Get instant online approval for solar loans up to ₹50 lakh (₹100 lakh for C&I)*—quick verification, transparent charges, and flexible repayment.
Competitive Interest Rate: Starting from 16% P.A.*
Transparent Charges: Processing fee up to 4%
Quick Disbursal: 24-48 hrs post-verification*
*Sanction valid for 90 days subject to verification and valuation
01Solar Finance
Your go-to company to compare, choose, and secure the right solar panel financing across India
Loan amount, rate, tenure, and EMIs tailored to your income profile and requirements.
e‑KYC and digital agreements enable faster approvals for eligible profiles.
Officers collect documents and complete checks at your location.
29+ lenders; compare and secure the best solar loan scheme for your needs.
Access loan top-ups based on repayment history and eligibility.
02Benefits
Turn your rooftop into savings with transparent financing and easy-to-pay EMIs
Finance panels, inverters and installation to reduce monthly power costs.
Funds can cover panels, inverters, mounting, wiring, installation and initial maintenance (scheme dependent)
You own and use the purchased system while repaying via EMIs.
On-time repayments strengthen your credit profile for future borrowing
Up to 60 months without additional collateral; up to 120 months where additional collateral is provided
03Rates & Charges
Know your costs before you apply for a solar loan with clarity
Calculator & Eligibility
Plan well, estimate your EMI and eligibility instantly
Plan your monthly expenses
Indicative only. Actual EMI depends on the approved rate, tenure and scheme.
Check how much financing you can avail
Indicative estimate. Final eligibility depends on credit profile, documents and scheme.
Check Your Eligibility
Check if you qualify for Solar financing before you apply
| Criteria | Requirement |
|---|---|
| Applicant Profile | Salaried, self-employed (SEP/SENP), MSME owners, traders, business entities |
| Applicant Age | 21–65 years for primary income contributor; 18–80 years for co‑applicants/property owners (maturity age limits apply) |
| Loan Size & Tenure — Retail / Residential | ₹1 Lakh – ₹50 Lakh |
| Loan Size & Tenure — Commercial & Industrial (C&I) | ₹5 Lakh – ₹100 Lakh (capacity limits apply) |
| Loan Size & Tenure — Tenure | 12–60 months without additional collateral; up to 120 months with approved immovable collateral |
Documentation
List of required documents for a loan for solar rooftop
A short video PD or field visit may be required for verification. All documentation is digitally uploaded and signed.
Solar Financing
Choose the product that serves your purpose
Finance new rooftop installations, including panels, inverters, mounting, wiring and installation.
Upgrade/expand existing systems; add capacity, replace inverters, or include solar battery storage.
For households installing rooftop systems.
For businesses adopting solar power.
Accepted: Roof mounts, ground mounts, shed/tin mounts and other government‑approved structures. On‑grid, off‑grid and hybrid systems accepted
Net Metering: Export offsets import; typically best for residential on‑grid systems; Gross Metering: All generation is exported and compensated at FIT; the consumer buys retail power separately. Confirm with your DISCOM and EPC
Site survey, DISCOM approvals, system design, installation, commissioning and annual maintenance
Loan Application
Simple, step‑wise process from enquiry to disbursal
View lender rates, tenure and charges
Complete e‑KYC and upload documents
Tele PD or site visit as required; EPC/CFPL validates installation plan
Loan terms finalised; signed digitally, funds are released to you or vendor
Funds released to you or directly to the vendor
Note: Tele PD is mandatory; for loans > ₹5 Lakh, a site visit is required. Quotation must be from an authorized EPC
Key points to consider before applying for a solar loan
Define system size, components, and installation timeline.
Review interest, processing, legal/technical, and foreclosure terms.
Choose a tenure that keeps EMIs easy to pay.
Check that vendor quotation, warranties, and installation plan are in order.
Maintain EMI payments to protect your credit profile.
Check subsidy interaction with financing and disbursal (scheme-dependent).
Tips to improve your approval chances and avoid mistakes
Trust
50,000+ Customers Served
29+ Lending Partners
250+ Relationship Managers
Multiple Products: MSME, LAP, Solar, Equipment, & more
Testimonials
Installing rooftop solar seemed expensive at first, but Choice Finserv’s solar loan made it affordable. My electricity bills have dropped by half, and the EMI fits comfortably into my monthly budget.
01 / 03
Solar Energy
Reduce your monthly electric costs with ease
Lending Partners
Trusted by India’s leading banks and NBFCs
FAQs
Solar finance is a financing option that allows you to purchase your own solar power system or pay for the installation costs upfront and then repay the loan over time. This makes going solar affordable by converting expected electricity savings into manageable EMIs.
The loan size differs. For retail, it is ₹1L to ₹50L, while for C&I the loan size ranges from ₹5Lto ₹100L.
Subsidy availability and process depend on current government programs and DISCOM policies. You can apply through designated portals or via your vendor’s facilitation, subject to eligibility and documentation. Confirm whether the subsidy is credited to your account or adjusted against the system cost before finalising the loan terms.
Yes, home solar loans and solar rooftop loan schemes finance panels, inverters, mounting, wiring, and installation. Eligibility and ticket size depend on income profile and system cost.
Yes, battery cost can be included where the scheme permits; margin money and dealer declaration may be required.
Tax treatment depends on end‑use and borrower type. For business installations, interest may be treated as an expense; for residential, consult a tax professional for current rules before claiming any benefit.
Many solar panel financing schemes allow inclusion of installation and initial maintenance; ongoing AMC may be scheme‑dependent. Check your lender’s policy.
Yes, if the scheme permits. Solar financing can include battery storage for hybrid/backup needs. Make sure the vendor quotation lists battery specs and warranty.
A lender-specific program defining eligibility, interest rate, tenure, LTV, and charges for solar panel loans. Compare multiple solar financing companies to secure the best terms.
Use our solar loan EMI calculator or solar panel loan calculator to estimate monthly outflow based on loan amount, interest rate, and tenure.
It typically takes up to 60 months without collateral and up to 120 months with approved immovable collateral.