System Size (kW)
kW
0.5 kW100 kW
Quick presets
Rate per kW₹55,000/kWGross project cost₹1,65,000
PM Surya Ghar Subsidy
≤1 kW
₹30,000
≤2 kW
₹60,000
3 kW+
₹78,000
✓ Subsidy applied: ₹78,000 deducted from gross cost
Loan Tenure
Selected: 36 months · Fixed at 8% p.a.
Savings Calculator
₹7
₹3₹15
5%
0%15%
Assumes 4 kWh/kW/day(India average). Actual output varies by location, shading & panel tilt.
Loan Summary
Gross cost₹1,65,000Subsidy− ₹78,000
Loan Amount
₹87,000
Loan Breakdown
Principal₹87,000
Total Interest₹11,145
Total Payable₹98,145
Savings & ROI
Units generated / year4,380 kWh
Year 1 electricity savings₹30,660
Monthly electricity saving₹2,555
Payback period5.0 years
25-year total savings₹14,63,313
Net 25-year profit₹12,98,313
EMI Formula
EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1) P = Loan, r = 8%÷12 per month, n = tenure in months.
PM Surya Ghar Subsidy
Residential rooftop only: ≤1 kW → ₹30,000 ≤2 kW → ₹60,000 3 kW+ → ₹78,000 (capped) Commercial projects: 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.