EMI Formula
EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1) P = Loan, r = Rate÷12 per month, n = tenure in months. Rate: 8% p.a. up to ₹40L · 8.5% p.a. above ₹40L.
PM Surya Ghar Subsidy
Residential rooftop only — DCR (ALMM-listed) panels, up to 10 kW: ≤1 kW → ₹30,000 ≤2 kW → ₹60,000 3–10 kW → ₹78,000 (capped) Non-DCR panels, above 10 kW, or commercial: no subsidy.
Solar Loan Options
IREDA, SBI, HDFC, Tata Capital and NBFCs offer dedicated solar loans at 7–14% p.a. Rates vary by lender, loan size and borrower profile.
Solar EMI & Subsidy FAQs
How is solar EMI calculated in India?
Solar EMI uses the standard formula EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1), where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100) and n is the tenure in months. D'Clair Energy's calculator applies 8% p.a. on loans up to ₹40,00,000 and 8.5% p.a. above that, over 5, 6 or 7 year tenures.
What is the PM Surya Ghar subsidy amount?
Under PM Surya Ghar, residential rooftop solar using DCR (ALMM-listed) panels receives ₹30,000 for systems up to 1 kW, ₹60,000 up to 2 kW, and ₹78,000 for 3–10 kW. Systems above 10 kW, commercial and industrial projects, and non-DCR panels are not eligible.
What is the difference between DCR and Non-DCR solar panels?
DCR (Domestic Content Requirement) panels are ALMM-listed and manufactured in India, which makes them eligible for the PM Surya Ghar subsidy. Non-DCR panels are not ALMM-listed and do not qualify for the subsidy, though they may carry a lower upfront cost. Both use identical EMI terms.
How much does solar cost per kW in Gujarat?
D'Clair Energy prices solar on a tiered per-kW basis: approximately ₹55,000/kW for 1–10 kW, ₹49,000/kW for 11–30 kW, ₹48,000/kW for 31–100 kW, and ₹47,000/kW above 100 kW, before subsidy. Final pricing depends on brand, quantity and market rates.
What is the payback period for rooftop solar in India?
Rooftop solar in India typically pays back in 3–5 years. The calculator assumes 4 kWh per kW per day (the India average) and factors in your electricity tariff plus annual tariff escalation to estimate payback and total 25-year savings.
Still have a question? Call +91 99133 53616 or request a quote — D'Clair Energy replies within 24 hours on working days.