Solar Finance 2025 — Loans, EMIs & Subsidies
Solar Finance 2025: Loans, EMIs & Subsidy Pathways for Homeowners
Installing solar is not just an environmental decision — it’s a smart financial one. In 2025, homeowners can now access structured solar loans, EMI plans, and government subsidies that make rooftop solar systems more affordable than ever.
🏦 Why Finance Matters
Despite dropping solar prices, upfront costs remain a hurdle for many families. Financing options now let you spread payments over 3–10 years while enjoying immediate energy savings.
💡 Types of Solar Financing in India (2025)
- Government Subsidy + Loan Hybrid: Combine 40 % MNRE subsidy with a low-interest loan from listed banks.
- NBFC & Fintech EMIs: EMI schemes from Tata Capital, Bajaj Finance, Hero FinCorp starting ₹ 1,499 /month.
- Vendor-Assisted Financing: Many SolSetu vendors partner with local banks to pre-approve rooftop clients.
- Lease / PPA Model: Pay only for generated electricity; vendor owns and maintains the system.
🏠 Current MNRE Subsidy Rates (Rooftop Solar)
| System Size | Subsidy (2025) |
|---|---|
| Up to 3 kW | ₹ 18,000 per kW |
| 3–10 kW | ₹ 9,000 per kW (beyond 3 kW) |
| Group Housing / RWAs | ₹ 9,000 per kW (max 500 kW shared) |
🪙 Example: Rooftop Solar + Loan + Subsidy
For a 5 kW system (~₹ 3 lakh):
- Government subsidy = ₹ 72,000 (approx.)
- Bank loan = ₹ 2.28 lakh over 5 years @ 9 %
- Monthly EMI ≈ ₹ 4,700 with annual savings > ₹ 25,000 in electricity
🔍 Partner Banks & NBFCs (2025)
- State Bank of India — Solar Loan under PM-Surya Ghar Yojana.
- HDFC Bank Green Energy Loan.
- Bajaj Finance Solar EMI Program.
- Tata Capital Clean Energy Credit.
🤝 How SolSetu Helps Homeowners
SolSetu connects you to finance-ready vendors — installers who already have tie-ups with banks and NBFCs. You can compare vendors by subsidy eligibility, EMI availability, and project history before making a decision.
Find Finance-Ready Solar Vendors📋 Quick Checklist Before You Apply
- Check your DISCOM’s rooftop approval portal (most are online).
- Ensure vendor is MNRE-registered and appears on SolSetu verified list.
- Ask for separate invoice showing subsidy portion.
- Submit recent electricity bills and ID/address proof for loan approval.
💬 Talk to a Finance Partner
If you need help identifying banks or vendors, our team can guide you.
Contact SolSetu Finance TeamDisclaimer: Rates and subsidy values are indicative as of Nov 2025. Please confirm with MNRE or your DISCOM for current figures.
