₹
₹
Auto-calculated based on MNRE norms
%
Yrs
₹
Net Financed Loan
₹1,02,000
Monthly Loan EMI
₹1,540
Est. Monthly Bill Savings
₹2,800
Net Monthly Surplus
+₹1,260
☀️ Your Solar System Pays for Itself!
Your estimated electricity savings (₹2,800/month) exceed your solar loan EMI (₹1,540/month)! You effectively make ₹1,260 in positive cashflow every month from Day 1.
Yearly Loan Amortization Schedule
| Year | Principal Repaid | Interest Paid | Balance Outstanding |
|---|
Comprehensive Guide to PM Surya Ghar Rooftop Solar Loans in India (2026)
The Government of India launched the visionary PM Surya Ghar: Muft Bijli Yojana with an outlay of ₹75,021 Crore to equip 1 Crore Indian households with rooftop solar systems. To make clean energy accessible to every homeowner without upfront capital friction, public sector banks (such as State Bank of India, Canara Bank, and Punjab National Bank) provide collatoral-free concessional loans at just 7% per annum.
Central Government Subsidy Slabs (2026)
| Rooftop Capacity | Typical Benchmark Cost | Direct DBT Central Subsidy | Net Customer Contribution |
|---|---|---|---|
| 1 kW System | ₹50,000 – ₹60,000 | ₹30,000 | ₹20,000 – ₹30,000 |
| 2 kW System | ₹1,10,000 – ₹1,20,000 | ₹60,000 | ₹50,000 – ₹60,000 |
| 3 kW System (Recommended) | ₹1,70,000 – ₹1,85,000 | ₹78,000 (Maximum Cap) | ₹92,000 – ₹1,07,000 |
How the 7% Concessional Bank Loan Works
- No Collateral Required: For residential rooftop installations up to 3 kW, banks require zero collateral or property mortgage. The loan is sanctioned purely based on applicant electricity bill payment history.
- Direct Subsidy Adjustment: When the central government disburses the DBT subsidy into your bank account, the bank applies it directly to extinguish the principal balance, drastically curtailing your remaining EMI tenure.
- Tenure up to 10 Years: Long repayment horizons ensure your monthly EMI is smaller than your monthly electricity bill savings, guaranteeing positive cashflow from Month 1.