Unlocking Solar Financing in India: How Homeowners & Vendors Can Benefit
The solar market is growing fast — and financing is what makes rooftop and commercial projects accessible for many. Whether you are a homeowner exploring rooftop solar or a vendor looking to close more projects, understanding the financing landscape in India is crucial. SolSetu helps connect you to trusted vendors and guides you through financing options so projects proceed smoothly.
Why Financing Matters
- The upfront cost can be a barrier even after subsidies.
- Financing accelerates installations and improves vendor cash flow.
- Government schemes, bank/NBFC loans and newer green finance instruments are increasingly available.
- Financed projects can bundle maintenance/monitoring for long-term reliability.
Key Financing Routes in India
Common routes include:
- Government subsidies (e.g., PM-KUSUM, PM Surya Ghar Yojana) to reduce net cost.
- Banks & NBFC loans that provide low-interest EMIs for rooftop and C&I projects.
- Vendor financing / Solar-as-a-Service where vendors bundle system + O&M and customers pay monthly.
- ESCO and green financing models for larger commercial and industrial projects.
What Homeowners Should Ask
- Net system cost after subsidies and the financing proposal (interest rate, tenure, EMI).
- Equipment brand, warranties (module, inverter) and expected degradation rate.
- Whether monitoring & maintenance are included or optional.
- How net-metering or export tariffs locally affect the projected ROI.
- What documentation and timelines are needed to secure subsidies/loan sanctions.
How Vendors Can Differentiate
- Provide clear financing scenarios for customers (with numbers).
- Showcase past financed projects & customer testimonials.
- Offer bundled maintenance & remote monitoring as an option within financing.
- Assist customers with subsidy paperwork and loan documentation.
Simple Case Example
Example: 5 kW rooftop system costing ₹4,00,000 with a ₹40,000 subsidy. Financing ₹3,60,000 at 8% for 5 years → EMI ≈ ₹7,300. Monthly electricity bill savings ≈ ₹8,000 → positive monthly cash flow from month one (numbers illustrative; local tariffs and subsidies vary).
Ready to explore financing?
Homeowners: submit your requirement and tick the “need financing” option so vendors can send tailored quotes.
Get bids from solar experts
How SolSetu Helps
- Directory of vendors who disclose financing & subsidy support.
- “Get Bid from Solar Expert” form supports financing needs so vendors reply appropriately.
- Guides, FAQs and vendor dashboards to track financing status and project progress.
Conclusion
Financing now unlocks the majority of residential and smaller commercial solar projects in India. Vendors who present transparent financing options will convert more leads; homeowners who understand financing will get reliable, long-term benefits. Use SolSetu to find verified vendors and indicate financing needs when you submit your requirement.
Author: SolSetu Team | Tags: solar financing, rooftop solar, vendor financing, PM-KUSUM
© SolSetu. For press & PR: info@solsetu.com
|
