Turn sunlight into long-term savings.
A Rooftop Solar Loan helps you install a solar power system today and pay for it comfortably over time—while your electricity bill starts shrinking from month one.
👉 With PoketCare, going solar is not just green—it’s smart finance.
A Rooftop Solar Loan is a dedicated loan designed to fund the purchase and installation of rooftop solar panels for homes, housing societies, and small businesses. Instead of paying a big amount upfront, you repay the cost in easy EMIs—often lower than your monthly electricity bill.
💡 PoketCare Pro Tip:
If your monthly power bill is ₹3,000+, a solar loan EMI can almost replace it.
Simple. No confusion. No technical headache.
1️⃣ You choose a rooftop solar system size (kW)
2️⃣ PoketCare matches you with the best lender
3️⃣ Loan is approved based on income & credit profile
4️⃣ Solar vendor installs the system
5️⃣ You repay in EMIs while generating free electricity
⚡ Result: Power savings + tax benefits + government subsidy.
☀️ Residential Rooftop Solar Loan
For individual homeowners looking to reduce electricity bills and increase property value.
🏢 Housing Society Solar Loan
For apartments installing common-area solar systems (lifts, lights, pumps).
🏪 Commercial Rooftop Solar Loan
For shops, offices, warehouses to cut operational power costs.
🌾 Agricultural / Small Business Solar Loan
For rural users, small units, and self-employed professionals using high power loads.
💡 PoketCare Pro Tip:
Lenders prefer on-grid systems as they qualify for subsidies and faster approvals.
✔️ Who Can Apply?
Income Considered (Beyond Salary)
📊 Preferred CIBIL Score: 700+ (lower scores may still qualify via PoketCare)
PoketCare is not a lender—we are your smart loan matchmaker.
🔹 AI-based lender matching
🔹 Compare interest rates & EMI instantly
🔹 Faster approvals with minimal paperwork
🔹 Access to subsidy-friendly lenders
🔹 End-to-end support till disbursement
🚀 PoketCare Pro Tip:
Applying through PoketCare improves approval chances compared to direct bank visits.
| Charge Type | Typical Range |
|---|---|
| Processing Fee | 0% – 2% |
| Documentation Charges | Nil / Minimal |
| Prepayment Charges | Mostly Nil |
| Foreclosure Charges | 0% – 4% |
| Late Payment Fee | As per lender |
| Stamp Duty | As per state law |
✅ No hidden solar-specific charges when applied via PoketCare.
🔋 Key Benefits
🏛️ Government Subsidy
Residential users can get subsidy under schemes supported by Ministry of New and Renewable Energy (MNRE).
💡 PoketCare Pro Tip:
Subsidy directly reduces your system cost—not your loan EMI later.
Pradhan Mantri Surya Ghar Muft Bijli Yojana is a government initiative aimed at helping Indian households generate free electricity by installing rooftop solar systems on their homes.
In simple terms:
➡️ The government helps you install solar panels on your roof.
➡️ The solar system generates electricity for your home.
➡️ You pay little to nothing for that electricity over time.
➡️ You reduce your monthly power bill drastically.
This scheme is part of the government’s vision to encourage clean energy adoption, reduce dependence on traditional power, and cut rising electricity costs for citizens.
The basic flow is:
You register or apply for a rooftop solar system (through your state DISCOM or approved agency).
A solar provider visits and assesses your rooftop space.
Approved solar panels and inverters are installed on your roof.
A net meter is installed to measure solar electricity generation and consumption.
Your home starts generating solar power — reducing or even eliminating your electricity bill.
🛠️ You continue to draw power at night or on cloudy days from the grid; during the day, solar power meets your usage first.
PM Surya Ghar Muft Bijli Yojana is typically meant for:
✔️ Residential households with a valid electricity connection
✔ Homes that can support rooftop solar installation
✔ Urban and semi-urban households (scheme details vary by state)
⚠️ Commercial, industrial, and agricultural connections do not qualify under the “free electricity” residential category.
“Muft Bijli” does NOT mean:
❌ Free solar panels
❌ Free installation with no conditions
❌ Full lifetime maintenance
Instead, it means:
✔️ Your solar electricity generation offsets most—or sometimes all—of your grid consumption
✔️ Your electricity bill becomes very low or zero
✔️ You pay only fixed charges and net metering charges (if applicable)
This is made possible because the solar electricity you produce is used first, and only the deficit is drawn from the grid.
PM Surya Ghar Muft Bijli Yojana is India’s flagship rooftop solar scheme for homes. It gives Direct Benefit Transfer (DBT) subsidy straight to your bank account after installation and inspection. Simple process, clear slabs, big savings on electricity bills. 🔋
| Rooftop Solar Capacity | Central Subsidy (₹) | How It’s Calculated |
|---|---|---|
| 1 kW | ₹30,000 | ₹30,000 per kW (up to 2 kW) |
| 2 kW | ₹60,000 | ₹30,000 × 2 |
| 3 kW | ₹78,000 (Max Cap) | ₹30,000 × 2 + ₹18,000 for 3rd kW |
| Above 3 kW | ₹78,000 (Maximum Subsidy Cap) | Subsidy capped at 3 kW |
| System Size | Approx. Market Cost | Subsidy | Net Cost After Subsidy |
|---|---|---|---|
| 1 kW | ₹90,000 | ₹30,000 | ₹60,000 |
| 2 kW | ₹1,50,000 | ₹60,000 | ₹90,000 |
| 3 kW | ₹2,10,000 | ₹78,000 | ₹1,32,000 |
(Prices vary by state & vendor)
💡 PoketCare Pro Insight
Even with “Muft Bijli,” some costs may remain—like solar panel installation above subsidy ceilings or specific hardware costs.
If you want total affordability with minimal upfront payment, you can combine this scheme with a Rooftop Solar Loan:
✔️ Government support lowers cost
✔ Loan covers the remaining balance
✔ Your EMI ≈ monthly electricity savings
This makes switching to solar practical, affordable, and future-ready.
Solar Loan Insurance protects your family from EMI burden in case of:
✔️ Death
✔️ Disability
✔️ Critical illness (optional)
🔐 Ensures your solar asset remains stress-free even during uncertainties.
✅ Maintain CIBIL score above 700
✅ Choose MNRE-approved vendors
✅ Apply jointly with earning family member
✅ Keep electricity bills & property papers ready
✅ Avoid multiple loan enquiries
⚡ PoketCare Pro Tip:
On-grid systems get faster approvals than off-grid ones.
❌ Don’t apply with multiple banks separately
❌ Avoid unregistered solar vendors
❌ Don’t hide existing loans
❌ Avoid last-minute document mismatch
❌ Don’t ignore subsidy eligibility
| Factor | Rooftop Solar | Traditional Power |
|---|---|---|
| Monthly Cost | Fixed / Reducing | Increasing |
| Energy Source | Renewable | Fossil-based |
| Long-Term Savings | Very High | None |
| Environmental Impact | Positive | Negative |
| Control Over Cost | High | Zero |
🌞 Winner: Rooftop Solar—financially & environmentally.
✅ Conclusion – Is Rooftop Solar Loan Worth It?
If you plan to stay in your home for 5+ years, a Rooftop Solar Loan is one of the smartest financial decisions you can make today.
You save money, gain energy independence, and future-proof your electricity cost.
👉 With PoketCare, solar financing becomes simple, transparent, and fast.