Government-Backed Solar Loans for Rooftop Installations in Delhi

As electricity prices continue to rise and environmental concerns gain urgency, more residents and businesses in Delhi are turning to rooftop solar panels as a sustainable and cost-effective solution. To support this growing shift towards clean energy, the Government of India, along with the Delhi government, is offering subsidies and loan for solar rooftop installations—making it easier and more affordable than ever to make the switch to solar power.

Why Go Solar in Delhi?

Delhi receives abundant sunlight throughout the year, making it an ideal city for harnessing solar energy. Rooftop solar installations can significantly reduce your electricity bills—by up to 80% in some cases—and contribute to a cleaner environment by reducing your carbon footprint.

In addition to environmental and financial benefits, adopting solar energy also enhances energy independence and reliability, especially during peak summer months when power cuts are more frequent.

Government Initiatives Supporting Solar Adoption

To encourage more citizens to make the switch to solar, the Ministry of New and Renewable Energy (MNRE) and the Delhi government have rolled out several initiatives:

1. Subsidies under the PM Surya Ghar: Muft Bijli Yojana

In 2024, the Government of India launched the PM Surya Ghar: Muft Bijli Yojana, which aims to promote rooftop solar installations in residential areas. Under this scheme:

• Households can get up to ₹78,000 subsidy for rooftop solar systems.

• The government provides financial support directly into the beneficiary’s bank account after installation and inspection.

• Users can generate up to 300 units of free electricity per month.

2. Government-Backed Loans for Rooftop Solar

In addition to subsidies, the government has partnered with several public and private banks to offer low-interest loans for installing rooftop solar systems.

Key Features of Government-Backed Solar Loans:

• Interest Rates: Typically lower than standard personal loans, often starting around 4-5% per annum under priority sector lending.

• Loan Amount: Up to 80-90% of the installation cost.

• Tenure: Flexible repayment period ranging from 5 to 15 years.

• No Collateral: Many loans for small-scale rooftop systems are unsecured, meaning no collateral is required.

Banks like State Bank of India (SBI), Punjab National Bank (PNB), and Bank of Baroda, among others, offer solar loans under the MNRE guidelines.

How to Apply for a Solar Loan in Delhi

1. Choose an MNRE-approved solar vendor for system installation.

2. Request a quote and project report from the vendor.

3. Visit your bank or apply online for a solar loan under the government-backed scheme.

4. After approval, the funds are disbursed to the vendor or your account.

5. Once installation is complete, you can apply for the government subsidy online through the National Portal for Rooftop Solar: https://solarrooftop.gov.in

Final Thoughts

Rooftop solar isn’t just an eco-friendly choice—it’s also a smart financial investment. With government subsidies and low-interest solar loans, installing a rooftop solar system in Delhi has never been more accessible. Whether you're a homeowner or part of a housing society, now is the time to harness the sun and make your home energy independent.