Solar loan EMI calculator

Financing your rooftop solar system? Work out your monthly EMI and see how it stacks up against the electricity bill savings from going solar.

Tip: Start with thesolar subsidy calculator to find your net cost after the PM Surya Ghar subsidy, then bring that number here to see the EMI.

Collateral-free solar loan at ~7%

✓Under PM Surya Ghar, banks offer collateral-free loans of up to ₹2 lakh for residential rooftop systems up to 3kW.
✓Interest is capped at roughly 7% p.a. (pegged to repo rate + 0.5%), far below typical personal-loan rates of 11-16%.
✓Available through most public sector banks; apply via the Jan Samarth portal or your bank branch with your PM Surya Ghar application ID.
✓The subsidy (up to ₹78,000) can be used to prepay the loan once it lands in your account.

Where to actually get this loan

We are not affiliated with any government body. Applications and current scheme rules live on these official portals, never pay anyone to "arrange" the subsidy for you.

Jan Samarth portalGovt. loan portal, apply with your PM Surya Ghar application IDOfficial PM Surya Ghar portalSubsidy application (do this first)Official

Frequently asked questions

Can I get a loan for rooftop solar in India?

Yes. Many banks and NBFCs offer dedicated rooftop solar loans, and the PM Surya Ghar scheme has facilitated collateral-free loans for residential systems up to 3kW at concessional interest rates. Ask your installer or bank about current solar loan products.

Should I finance the net cost or the full system cost?

Usually the net cost after subsidy, since the PM Surya Ghar subsidy is credited to your bank account after commissioning, most people finance the amount they actually pay upfront to the installer. Confirm the disbursal structure with your lender.

Does the EMI make sense vs paying cash?

If your monthly bill savings are close to (or above) your EMI, financing lets you go solar with little to no net monthly outflow while the system pays for itself. If you have idle cash and want maximum lifetime savings, paying upfront avoids interest entirely.