A rooftop solar loan (Surya Shakti) is a financing option that allows you to purchase your own solar power system or pay for the installation costs upfront and then repay the loan over time. The loan can be taken from a financial institution like us and repaid monthly with interest over a set period of time. Rooftop solar loans are designed to make going solar more affordable for MSMEs, firms, residential properties, hospitals, hotels, schools etc.
If you’ve decided that a rooftop solar system is the best solution for your business but cash flow issues are holding you back, our rooftop solar loan is the best option to help you overcome the financial roadblocks.
So why should you get a rooftop solar loan? Well, there are many reasons!
Features and benefits of a rooftop solar loan
Maximum Loan Amount
Up to Rs. 3Cr
Loan Repayment Period
4 years
Interest Rate
Flexible Interest Rate
Faster Disbursal
Within 3 working days
No Collateral Required
Collateral free loans upto 50 lakhs
EFL solar financing benefits
solar loan is ideal for residential, commercial and industrial customers with a property that’s eligible for solar panel installation. Our rooftop solar financing allows you to take advantage of a number of benefits including
Here are some reasons why you should work with us:
- Trusted by 35,000+ Businesses – Electronica Finance Limited is an RBI-registered non-banking financial company (NBFC) to have rooftop solar finance as a product.
- Collateral-free solar loan – A collateral-free loan for a solar power plant is a unique offering that is not available with any other player in India. It allows you to borrow up to Rs.50 lakhs without pledging any asset as collateral.
- One-time investment for lifetime returns with easy solar loan repayment – We will help you provide a return on investment that can save you money on energy costs, boost the value of your business or home and help protect our environment by reducing carbon emissions.
- Lower utility bills – After the initial investment, you will see lower electricity bills every month because you own the system instead of leasing it from a third party.
- Tax benefits of our solar loan scheme – In an effort to increase the use of solar rooftop energy, the Ministry of New and Renewable Energy is offering a tax benefit of 40% on investments. The accelerated depreciation allows commercial and industrial users to depreciate their investment in solar energy at a much faster rate than other assets.
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