Solar Loan
Finance Your Energy Freedom.
Switch to clean energy with Goodfind Wealth’s Solar Financing. We provide low-interest credit for Rooftop Solar PV systems, allowing you to replace your monthly electricity bills with a productive EMI that eventually pays for itself.
Residential Rooftop
Subsidized loans for 1kW to 10kW systems under the PM Surya Ghar Muft Bijli Yojana.
Commercial & Industrial
High-capacity solar plants for factories and warehouses to drastically reduce operational overheads.
Housing Societies
Common area lighting and water pump solarization for gated communities and apartments.
The "Zero-Cost" Energy Logic
A Solar Loan is the only credit product where the savings generated (lower electricity bills) are usually higher than the EMI itself, making the installation virtually free over its 25-year lifespan.
Solar Advantages
No Collateral (Up to 10 Lakhs)
Get rooftop solar financing without pledging any property for most residential applications.
Subsidy Integration
Direct assistance in claiming Central & State Government subsidies (CFA) to reduce your total loan burden.
Long-Term Performance
Finance high-quality Tier-1 panels with 25-year performance warranties, ensuring your loan outlives the asset.
Priority Sector Lending
Benefit from lower interest rates as Solar Loans fall under the Government's Priority Sector mandates.
Net Metering Support
Funding includes the cost of bi-directional meters to sell excess power back to the grid (Discom).
End-to-End Funding
Includes modules, inverters, structure, wiring, and even the DISCOM application fees.
Eligibility Matrix
Residential Solar
- ✔ Ownership: Roof rights/Ownership of house
- ✔ Monthly Income: ₹30,000+
- ✔ CIBIL Score: 650+
- ✔ Discom: Latest 3 electricity bills required
Commercial Solar
- ✔ Business Vintage: 2+ Years
- ✔ Site Suitability: Shadow-free roof area
- ✔ Financials: Audited P&L for 2 years
- ✔ GST: Active registration
Installation Checklist
Technical Quote
Quotation from an MNRE-approved empanelled vendor including technical specs of panels/inverter.
Utility Proofs
Last 6 months of electricity bills and a copy of the Sanctioned Load document.
Ownership Proof
Property Tax receipt or Sale Deed to prove roof ownership for installation.
Energy Savings Calc
Watch your EMI get offset by your electricity savings.
ESTIMATED MONTHLY EMI
₹ 6,155
Total Repayment₹ 3,69,287
Avg. Bill Savings*₹ 7,500 /mo
Subsidy & Rates
| Component | Residential (PM Surya Ghar) | Commercial |
|---|---|---|
| Interest Rate | 7.00% to 9.50% | 9.50% to 12.50% |
| Subsidy (CFA) | Up to ₹78,000 for 3kW | Tax Depreciation (40%) |
| Processing Fee | NIL to 0.5% | 0.5% to 1% |
| Tenure | Up to 10 Years | Up to 7 Years |
| Insurance | Mandatory for Plant Life | Mandatory for Plant Life |
Solar Knowledge Base
What is Net Metering?
It’s a system that records the energy you draw from the grid vs the energy you export back. You only pay for the 'Net' difference.
Is the loan for off-grid too?
We primarily fund on-grid and hybrid systems. Off-grid systems (with batteries) are funded on a case-by-case basis.
Can I pay back early?
Yes, most solar loans have NIL foreclosure charges after 6 months, allowing you to close the loan as you save on bills.
