Yes, many lenders offer financing options to install solar panels on EMI, making it easier to adopt solar energy without paying the entire amount upfront.
The cost depends on the size of the system, brand, and installation requirements. On average, rooftop solar systems in India cost between ₹40,000 to ₹60,000 per kW.
Interest rates for solar panel loans usually range from 8% to 15% annually, depending on the lender, tenure, and your credit profile.
Yes, the Government of India and state governments offer subsidies for residential rooftop solar installations, which can help reduce the overall cost.
The payback period typically ranges from 3 to 7 years, depending on your electricity usage, tariff rates, and loan terms.
Yes, most lenders allow you to prepay your solar panel loan. Some may charge a nominal prepayment fee, while others offer it free of charge.