List of Banks providing loans for Roof-top Solar systems in India

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
1State Bank of India
2Andhra bank Ltd.
3Punjab National bank
4Punjab and Sindh bank
5Karnataka Bank Ltd
6Syndicate Bank Ltd
7Dena Bank
8Bank of India
9Indian Bank
10HDFC Bank
11HSBC Bank
12ICICI Bank
13IDBI Bank
14Indian Overseas Bank
15Central 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.

Discussions on “List of Banks providing loans for Roof-top Solar systems in India

  1. the list printed above is only a list….when you go in these banks and ask for roof top solar plant loan all banks simply deny…

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