Can I Get a Loan for My Solar System?

Yes.

As mandated by the Reserve Bank of India, you can now get a bank loan of up to Rs. 10 lakhs on low interest for installing a rooftop solar system. This is because the renewable energy sector in India now falls under priority sector lending status.

System vendors also at times tie up with banks or private financing institutions to provide loans on purchasing rooftop solar systems.

Your system purchase cost can be paid off in EMIs (equated monthly instalments), or through the savings on your electricity bills. You can discuss this option with your bank and/or vendor.

Click here to read more about solar financing options.

Aniruddha Bhattacharjee
Aniruddha Bhattacharjee
Aniruddha has been a renewable energy researcher and report writer for over 3 years. He has also been a content developer for multiple websites, including portals on travel and tourism, restaurants and personal finance. He holds a bachelor's degree in mechanical engineering and a master's in endangered species conservation. Apart from renewable energy, Aniruddha is a keen motor sports and aviation enthusiast, and a beginner in photography.
Recommended Posts
Comments
  • m v n moorty
    Reply

    in rain season, is solar system can work?

Leave a Comment

Start typing and press Enter to search