Solar doesn't have to be paid for upfront.
A ₹1–6 lakh purchase is easier to manage when you know your options. Here's how Greentek customers typically pay for their system — including financing through our banking partners.
Book Free SurveyWays to pay for solar
- Full upfront payment — no interest, fastest processing, best long-term value.
- Bank or NBFC solar loan — usually unsecured, with tenure and processing fees varying by lender.
- Consumer durable / EMI financing through the installer, where offered.
- For MSMEs: a CAPEX purchase funded by a business loan, or the zero-upfront OPEX/PPA model — see our Solar for MSMEs guide.
Financing through Greentek
Greentek works with a panel of banks and NBFCs — including SBI, SIDBI, Credit Fair, and others — to help customers finance their solar installation.
Interest rates, tenure, and eligibility vary by lender and by your own profile, so we don't quote a fixed number here — your Greentek representative will walk you through the options that actually apply to you as part of your free site survey.
If you'd like help with the loan application, our team can guide you through it. You're also welcome to apply directly with your preferred bank or NBFC if you'd rather handle it yourself.
How the subsidy interacts with a loan
The ₹78,000 PM Surya Ghar subsidy is paid directly to your bank account after your system is commissioned and net-metered — not before installation. That means a loan (or upfront payment) needs to cover the full cost initially; the subsidy can then be used to prepay part of the loan once it arrives. This is one of the most common points of confusion, so it's worth stating plainly.
FAQ
Can I get a loan for solar in India?
Yes — most nationalised banks and several NBFCs offer solar/rooftop loans, often unsecured up to ₹5–10 lakh for residential systems. Greentek can connect you with lenders we work with, including SBI, SIDBI and Credit Fair, or you can apply directly with a bank of your choice.
Which banks does Greentek work with for solar financing?
SBI, SIDBI, and Credit Fair, among others. Rate and tenure depend on the lender and your eligibility — your representative will confirm current terms during your free survey.
Does the subsidy come before or after I pay?
After. The ₹78,000 PM Surya Ghar subsidy is credited to your account post-commissioning, so your loan or upfront payment needs to cover the full installed cost first.
What documents do I typically need for a solar loan?
This varies by lender, but commonly includes KYC documents, income proof, and the system quotation/proforma invoice. Your bank or NBFC will confirm their exact list.
Is EMI or upfront better?
Upfront avoids interest entirely and has the best long-term economics. Financing spreads the cost and can make sense if it lets you install sooner rather than saving up — either way, the subsidy applies the same regardless of how you pay.