With increasing push from the Union Govt. and rapid growth in consumer demand for installing roof top solar system in India, due to increased awareness in renewable energy like solar, various banks in India has come up with different schemes and are providing loans to public to install roof top solar systems on their houses.
So if you are interested in installing a solar plant in your empty unused roof top, but worried about the initial invest cost, you can apply for loans for a rooftop solar plant.
Some banks sanction these loans under home improvement loan or home loans and some banks provide loans specifically designed for roof top solar system.
MNRE has advised all banks in the country to encourage the home loan/ home improvement loan seekers to install rooftop solar PVs and include the cost of such equipment in their home loan proposals just like non solar lighting, wiring and other such fittings.
We have prepared a list of such banks those are currently providing loans to consumers for installing roof top solar systems on their houses.
|Sl No.||Bank Name|
|1||State Bank of India|
|2||Andhra bank Ltd.|
|3||Punjab National bank|
|4||Punjab and Sindh bank|
|5||Karnataka Bank Ltd|
|6||Syndicate Bank Ltd|
|8||Bank of India|
|14||Indian Overseas Bank|
|15||Central Bank of India|
The person interested in installation of Grid-Interactive Rooftop Solar PV Plants and seeking loan may approach these nearest Public Sector Banks.
They may also contact the State Nodal Agencies implementing renewable energy programmes in their States and the empaneled Channel Partners for further guidance.