Fenice Energy

How to Secure a Loan for a Solar Rooftop Project in India

Discover how to secure a loan for a solar rooftop in India with tailored financing options to empower your renewable energy ambitions.

loan for solar rooftop

Reduce your electricity bills by 90%

India is moving towards a greener future. Many people wonder if switching to solar power is a good move, both for the planet and their wallets. Fenice Energy is at the forefront of this change, focusing on an important detail: the loan for solar rooftop. Solar energy in India is not just about helping the Earth. It’s also becoming a smart money move. Rooftop solar loans are helping people switch to renewable energy. But getting these loans can seem tricky. How can you secure one? With over 20 years of experience, Fenice Energy knows how to guide you through.

Key Takeaways

  • Discover how to secure financing for a solar rooftop system in India.
  • Explore the several monetary benefits and subsidies associated with solar investment.
  • Understand the variety of loans offered by banks, tailored for different solar energy needs.
  • Learn the criteria for eligibility to acquire a rooftop solar loan and the ease of application.
  • Gain insights on the pivotal role of Fenice Energy in facilitating your transition to solar power.

Understanding Solar Rooftop Loans in India

The Indian Government is committed to increasing renewable energy usage. This has made solar panel financing a hot topic for homeowners and businesses. Fenice Energy offers a wide range of green energy financing solutions. This helps make the switch to renewable energy smoother.

Understanding Solar Rooftop Loans in India

What is a Solar Rooftop Loan?

A solar rooftop loan helps pay for rooftop solar system installations for both commercial and residential solar loans. These loans usually cover 60% to 90% of the setup costs. They also offer flexible repayment terms, from one to 20 years. Fenice Energy has various financing options, ensuring customers find the right solar loan options.

Benefits of Investing in Solar Energy

Going solar is eco-friendly and saves money. Customers could cut their electric bills by up to 90%. They also enjoy tax benefits and lower carbon footprints. With India aiming for 40 GW of rooftop solar by 2022, investing in solar panel financing also protects against rising energy costs.

Types of Solar Loans Available in India

India offers a broad range of solar loans. The loan amount can go up to Rs. 6 Lakhs, with rates between 8.7% and 14%. Subsidies up to Rs. 78,000 make solar more affordable. Fenice Energy provides customized solar loan options, whether it’s integrated with home financing or standalone.

Eligibility Criteria for Solar Rooftop Loans

In India, solar energy is both cost-effective and green. There are special loans for this. They help you switch to clean energy. To get a solar loan, you must meet some loan eligibility standards. These criteria make the application process easier.

Your credit score is important for loan approval. It must be at least 680. You should own the property where the solar unit will go. The Ministry of New and Renewable Energy (MNRE) also has some space requirements.

Documents are key for getting a loan. You’ll need a recent electricity bill for this. Businesses must show three years’ financial records. This includes Income Tax Returns (ITR), Goods and Services Tax (GST) details, and bank statements. Fenice Energy wants to make sure applicants know what’s needed.


The PM Surya Ghar Muft BijliYojana offers great perks for homes. It gives up to 300 units of free electricity every month. This is for houses that have rooftop solar units. There are also subsidies available – 60% off for up to 2 kW systems and 40% for 2 to 3 kW systems.

Interest rates for these loans are competitive in India. Banks like State Bank of India (SBI) and Punjab & Sind Bank offer good deals. They provide up to Rs 2 lakhs for systems up to 3 kW. The interest rates are about 7%, which is low.

Fenice Energy helps with finding the best financial deals and subsidies. They use their experience to make financing solar projects easy. Their aim is to boost renewable energy use.

The rules for these loans might seem strict. But the financial advantages and low interest rates are beneficial. Solar rooftops are getting popular. Knowing the eligibility rules is a smart move towards a cleaner and cost-effective future.

Loan for Solar Rooftop: How to Apply

Applying for a solar loan with Fenice Energy is a smart step towards using clean energy. Understanding the loan documents well helps the application go smoothly. Let’s look at the steps and what you need for Fenice Energy’s solar loan.

Step-by-Step Application Process

To start your sustainable energy journey, fill out the online form. You’ll need to put in how much you want to borrow and your contact info. Then, there’s a verification part where all your info is checked. This is to make sure you fit the solar loan requirements.

Documents Required for Solar Loan Application

Have your latest electricity bill, proof that you own your roof, and a good CIC or CIBIL score ready. Business property applicants must also provide financial records and KYC details.

Fenice Energy: Your Partner in Solar Financing

Fenice Energy is known for quick and easy solar financing. They can have the funds ready in just seven days. Plus, their tele-calling team is there to help you after you submit your application.

Financing Parameter Description
Loan Disbursement Within 7 Days
Interest Rate Flexible
Minimum Loan Amount 3 Lakhs
Tenure Up to 48 months
Maximum Loan Amount 1 Crore, up to 80% of Installation Value
Year of Establishment 1990
Number of Employees 1001 To 2000 People
Annual Turnover Rs. 100 – 500 Crore

Make sure you’re ready for a Fenice Energy solar loan. Getting prepared can make your move to renewable energy easier with their special solar loan options.

Maximizing Financial Benefits of Solar Investments

Getting to know the tax benefits of solar investment and the various rooftop solar subsidies can greatly affect your solar panel investment outcomes. If you’re thinking about adding solar panels, it’s key to look into financial perks offered by the government.

Solar loans offer low interest rates unlike regular bank products. These loans aim to make solar tech more doable by reducing upfront costs. They are aided by other perks like rebates and tax credits too.

Here’s a list of government perks designed to ease solar energy investments:

Incentive Type Details of Incentive Benefit
Rebates One-time reductions in installation cost Decreases immediate financial load
Subsidies Direct financial assistance (e.g., up to Rs. 78,000 depending on capacity) Reduces overall investment expense
Tax Credits 40% tax benefit on investment as provided by the Ministry of New and Renewable Energy Provides significant tax savings
Solar Loans Terms favoring solar investments such as extended payment periods and reduced interest rates Supports long-term financial planning and sustainability
Geographic Variations Different programs available based on location Optimization of benefits according to local government offerings

Fenice Energy suggests using these incentives to boost your property’s value and save on energy costs. Rooftop solar is more than a big spend; it’s a step toward long-term savings and caring for the planet.

If solar tech interests you, know your area’s specific incentives as they greatly influence benefits. This knowledge ensures you get the best financial outcomes from your solar panel investment returns.

To wrap it up, taking advantage of the tax benefits of solar investment and rooftop solar subsidies can dramatically change how financially sound solar panels are. This turns them from just a green choice to a smart money move.


As the Indian sun moves across the sky, it opens doors to many sustainable energy solutions. Fenice Energy has committed to using solar energy’s potential. This lights up the way for those ready to start their journey with renewable energy. India aims to have 40 GW of rooftop solar by 2022. So far, we’ve reached only 2 GW. But, there’s a growing interest in the CAPEX model. It now has a 75% share in rooftop solar projects. Fenice Energy’s know-how in financing these projects helps businesses and homes overcome money challenges.

The CAPEX loan model offers hope to small businesses stuck by financial issues. With Fenice Energy leading, more can access funds for solar projects. Despite concerns like creditworthiness and high costs, progress is happening. Lower costs for setting up solar, tax benefits, and bank loans make solar a wise choice financially.

New policies aim to grow solar net-metering and set clear benefits. Fenice Energy is pushing for a future where solar benefits are for all. With different financial plans for every need, India’s solar sector is growing fast. Now, people checking if solar works for them see it’s possible. A sustainable, thriving India is within our reach, not just a dream.


What is a Solar Rooftop Loan?

A Solar Rooftop Loan helps people and businesses in India buy and install solar panels. It pays for the upfront costs. This lets you pay back over time, making solar energy easier to get.

What are the benefits of investing in solar energy?

Solar energy savings on power bills, tax perks, and a smaller carbon footprint are big pluses. It also makes your business or home more appealing by using clean energy.

What types of solar loans are available in India?

India offers solar loans for homes, MSMEs, hospitals, hotels, and schools. You can get loans without collateral for projects under 50 lakhs. There are also bigger loans up to Rs 3Cr for larger setups.

What are the eligibility criteria for a Solar Rooftop Loan?

You need a CIC or CIBIL score of 680 or more and own the installation site. Your place must have enough space as per MNRE standards. Show your latest electric bill and, for businesses, some extra financial proof is needed.

How do I apply for a Solar Rooftop Loan?

Start by filling out an online form with your details. Then, show your electricity bill, roof ownership, and CIBIL score for verification. Fenice Energy offers personalized help to guide you.

What documents are required for a solar loan application?

You will need your latest electricity bill, property ownership proof, a good CIC or CIBIL score, financial reports, KYC papers, ITR, GST returns, and bank statements if you own a business.

How can Fenice Energy help in solar financing?

Fenice Energy gives you custom support and advice for solar financing. They help you meet requirements, guide your application, and maximize your solar investment’s financial benefits.

What financial benefits can I expect from solar investments?

Expect benefits like government subsidies based on system size, big savings on operation costs, and tax benefits up to 40%. These can speed up your investment returns and boost your property’s value.

Reduce your electricity bills by 90%

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