Solar Loan in India 2026: Finance Solar Panels with Subsidy & Low EMI
A solar loan in India 2026 lets you install rooftop solar panels with zero upfront cost — spread repayment over 5–10 years while your electricity bills drop 60–80% from month one. Under the PM Surya Ghar Muft Bijli Yojana, eligible homeowners receive a direct subsidy of up to ₹78,000. Pragati Loan offers solar financing from 7.5% p.a. — making clean energy the smartest financial decision of 2026.
PM Surya Ghar Subsidy 2026 — How Much Can You Get?
The PM Surya Ghar Muft Bijli Yojana provides a direct subsidy to residential rooftop solar installations. Subsidy is credited to your bank account after the system is installed and verified by DISCOM:
| System Capacity | Typical Cost | Govt Subsidy | Net Cost to You | Monthly Bill Saving |
|---|---|---|---|---|
| 1 kW | ₹65,000 | ₹30,000 | ₹35,000 | ₹700–900 |
| 2 kW | ₹1,20,000 | ₹60,000 | ₹60,000 | ₹1,400–1,800 |
| 3 kW | ₹1,80,000 | ₹78,000 | ₹1,02,000 | ₹2,100–2,700 |
| 5 kW | ₹2,80,000 | ₹78,000 | ₹2,02,000 | ₹3,500–4,500 |
| 10 kW | ₹5,50,000 | ₹78,000 | ₹4,72,000 | ₹7,000–9,000 |
Finance Solar with Pragati Loan →
Solar Loan EMI vs Monthly Savings
The best part about a solar loan — your EMI is often less than your electricity bill saving. You save money from day one while the loan repays itself:
| System | Loan Amount (post-subsidy) | EMI @ 7.5% / 7 yrs | Monthly Bill Saving | Net Monthly Gain |
|---|---|---|---|---|
| 2 kW | ₹60,000 | ₹920 | ₹1,400–1,800 | +₹480–880 |
| 3 kW | ₹1,02,000 | ₹1,564 | ₹2,100–2,700 | +₹536–1,136 |
| 5 kW | ₹2,02,000 | ₹3,098 | ₹3,500–4,500 | +₹402–1,402 |
🧮 Calculate Your Solar Loan EMI
Solar Loan Eligibility & Documents
- Property: Own residential or commercial rooftop (rented properties need owner NOC)
- CIBIL Score: 700+ recommended for best rates
- Income: ₹15,000/month minimum (salaried) or ITR for self-employed
- Documents: Aadhaar + PAN + electricity bill + property proof + vendor quotation
🏛️ Official Solar & Subsidy Portals:
- pmsuryagarh.gov.in — Apply for PM Surya Ghar subsidy (Official Portal)
- mnre.gov.in — Ministry of New & Renewable Energy — approved vendor list
- uidai.gov.in — Aadhaar e-KYC for loan application
- incometax.gov.in — PAN link and ITR for income verification
Frequently Asked Questions
Go solar in 2026 — save on bills and earn subsidy. Finance your rooftop solar system at 7.5% p.a. with Pragati Loan. EMI lower than your current electricity bill. Apply online in minutes.
