Install Solar Panels on EMI: Want to go solar but worried about the upfront cost? You’re not alone. That’s why solar panel installation on EMI (Easy Monthly Installments) is becoming a top choice for Indian homeowners and small businesses in 2025. Now, you can switch to solar with zero financial pressure and start saving from day one.
Here’s everything you need to know about getting solar panels on EMI and how it can save you lakhs over the years.
Why Choose Solar on EMI?
- No large upfront payment required
- Immediate access to clean energy
- Save on your electricity bill while paying EMI
- Government subsidy still applicable (on eligible systems)
- Flexible EMI plans from banks, NBFCs, and solar companies
How Much Can You Save?
Let’s say you install a 3kW solar system costing around ₹1.8 lakh.
- EMI: ₹3,500/month for 5 years (approx.)
- Monthly electricity savings: ₹2,500–₹3,000
- Total savings in 25 years: ₹10–12 lakh
- Break-even in just 4–5 years
After EMIs are over, you enjoy free electricity for 20+ years.
Available EMI Options in India
| Financing Partner | Tenure | Interest Rate | EMI Start From (₹) |
|---|---|---|---|
| Bajaj Finserv | 6–60 months | 0% – 12% | ₹2,000 onwards |
| Tata Capital | 12–60 months | 10% – 14% | ₹2,500 onwards |
| HDFC Bank | 12–72 months | Based on credit | ₹2,000 onwards |
| Solar companies (e.g., Loom, Luminous) | Custom plans | 0% – 10% | ₹1,999 onwards |
What’s Included in EMI Plans?
Most solar EMI packages include:
- Solar panels (2kW to 10kW)
- On-grid/off-grid/hybrid inverter
- Mounting structure and cables
- Installation and net metering setup
- Warranty and after-sales service
How to Apply for Solar on EMI?
- Choose a trusted solar vendor or platform
- Share your electricity bill and rooftop details
- Select system size based on your daily consumption
- Choose EMI duration and partner bank/NBFC
- KYC and loan approval within 2–5 days
- Installation and activation within 10–20 days
Govt Subsidy Still Applies
Even if you go for EMI, you are still eligible for subsidy under the PM Surya Ghar Yojana, provided the vendor is MNRE-approved. This lowers your overall EMI burden.
Final Word
Going solar on EMI is the smartest way to switch to clean energy without financial stress. You start saving from day one, reduce your electricity bill, and enjoy peace of mind with a long-term warranty. Whether you’re in a city or village, 2025 is the perfect year to power your home one EMI at a time.
Read More:
- Off Grid Solar System: Light Up Your Home Without Electricity – Know the Benefits, Drawbacks & Price
- 3kW Solar Panel Price in India With Subsidy: Pay Less, Get Zero Electricity Bill – Here’s How
- Start Growing Money with the Solar Business – Here’s How It’s Creating Million-Rupee Opportunities
- Install Once, Get Free Electricity for 25 Years! Discover the Power of Monocrystalline Solar Panels
- Say Goodbye to Power Bills! Install 2kW Waaree Solar System at Just ₹35,000