Navigating Solar Financing and Subsidies in India
Ananya Gupta
One of the biggest myths about solar energy is that it's prohibitively expensive. While the initial investment is a consideration, a wide range of financing options, loans, and government subsidies makes it accessible to almost everyone in India.
Government Subsidies
The most significant incentive is the Central Financial Assistance (CFA) provided under the PM Surya Ghar: Muft Bijli Yojana. This scheme offers substantial subsidies for rooftop solar systems. Many state governments also offer their own additional incentives and benefits.
Financing Options
- Solar Loans: Many banks and NBFCs in India offer specific loans for solar installations at competitive interest rates, often with simplified paperwork.
- EMI Options: We partner with financial institutions to provide easy EMI options, making the purchase as simple as buying any other home appliance.
- Home Improvement Loans: You can also leverage your existing home loan or apply for a top-up to finance your solar project.
Our experts at GH Solar can walk you through all the available options and help you find the best financial path to your energy independence.