Financing · India 2026
Participating banks offer a collateral-free concessional ticket (about 5.75% up to ₹2 lakh) after you register on the national portal. The loan is useful when savings clearly exceed EMI. It is a trap when you finance a thin bill or a shady quote.
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Fast triage: Monthly bill under ~₹1,500 or free units already zero the bill → usually do not borrow (worth-it bands). Bill ₹2,500+ with a clear roof → model net cost after CFA, then EMI. Path: pmsuryaghar.gov.in → Jan Samarth.
Check if my bill can beat a solar EMI
MNRE’s scheme communications (including the March 2026 capacity update) describe collateral-free loans from nationalised banks at about repo + 50 bps — presently around 5.75% p.a. — typically aimed at residential rooftop tickets. Bank product pages (for example SBI) commonly publish:
Rates and slabs change. Read your sanction letter. Broader financing framing: rooftop solar loan India · Telangana worked example: Telangana solar loan.
| Principal financed | Rough EMI @ ~5.75% / 120 mo | When it tends to make sense |
|---|---|---|
| ₹1,00,000 | ~₹1,100 / month | Small net after CFA on a mid bill |
| ₹1,50,000 | ~₹1,650 / month | Typical 3 kW net after ₹78k CFA on a higher quote |
| ₹2,00,000 | ~₹2,150 / month | Only if daytime savings reliably clear ~₹2,500+/mo |
These are reducing-balance approximations for planning, not bank quotes. A six-month moratorium can mean you pay before the plant exports. CFA of ₹30,000 / ₹60,000 / ₹78,000 still arrives later by DBT — see subsidy amount and subsidy status.
The Centre describes a collateral-free concessional rate of about repo rate plus 50 basis points — currently around 5.75% per annum for eligible residential loans, typically for amounts up to ₹2 lakh under participating nationalised banks. Larger tickets carry a higher floating rate. Confirm the live card rate on your bank’s page before you sign.
Register on pmsuryaghar.gov.in first, then apply through Jan Samarth (or your bank’s assisted journey). Banks typically disburse to the empanelled vendor after feasibility documents are in place.
At about 5.75% reducing for 10 years, roughly ₹2,100–2,200 a month before moratorium effects. Your sanction letter is the truth.
Finance the net cost after CFA. CFA arrives by DBT after commissioning. Do not compare an EMI on the full pre-subsidy price against bill savings.
No. Sealix is an independent advisory — not a bank and not MNRE. We help you judge whether economics beat the EMI.
Related: All solar loans · 3 kW price · 5 kW price · PM Surya Ghar · Is solar worth it?
