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Loan Assistance & Government Schemes for Solar Products & Installation

Switching to solar energy is not just an environmentally responsible choice but also a financially smart one. To make solar power more affordable and accessible, the Government of India and the Maharashtra State Government offer various subsidies, financial schemes, and low-interest loan options for residential, commercial, and industrial users.

At Techforce Services, we assist our clients in securing government subsidies, availing easy financing options, and completing the necessary paperwork for a smooth solar installation process.

Loan Assistance for Solar Installations

Techforce Services assists customers in obtaining financing for solar systems through various government-backed and private sector loans.

A. Solar Loan Schemes under Banks & NBFCs
Leading banks like SBI, HDFC, PNB, ICICI, and others provide solar loans under priority sector lending.
Interest rates as low as 7-10% with repayment tenures of 3 to 10 years.
Minimal documentation and quick loan disbursement process.

B. PM-KUSUM Scheme (For Farmers & Agriculture Sector)
The Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan (PM-KUSUM) Scheme supports farmers in installing solar pumps and grid-connected solar power plants.
Provides subsidies up to 60%, with additional bank loan support covering 30% of the cost.
Helps reduce dependency on diesel pumps and ensures affordable irrigation.

C. Corporate & MSME Solar Financing
MSMEs and businesses can avail solar project loans with 80% financing at low-interest rates.
Tax Benefits – Companies can claim 40% Accelerated Depreciation (AD) benefit, reducing taxable income.

D. Residential Solar Financing (EMI Options)
Homeowners can install solar rooftop systems with easy EMI options through partner banks and NBFCs.
Zero down payment & flexible repayment periods available for eligible consumers.

Government Subsidies for Solar Installations

The Ministry of New and Renewable Energy (MNRE), in collaboration with State Renewable Energy Agencies, provides financial assistance for grid-connected solar rooftop systems. Below are the latest subsidy details:

A. Central Government Subsidy (MNRE - National Solar Rooftop Scheme)

For Residential Consumers:
- Up to 40% subsidy for solar systems up to 3 kW capacity.
- 20% subsidy for solar systems between 3 kW to 10 kW.
- For housing societies, subsidy available up to 10 kW per house with a total system cap of 500 kW.

For Commercial & Industrial Sectors:
- No direct subsidy, but businesses can avail Accelerated Depreciation (AD) benefits and other incentives.

Maharashtra State Government Solar Policy

- Net Metering Benefits – Consumers can sell excess power back to the grid and earn credits on their electricity bills.
- Property Tax Rebates – Some municipal corporations offer discounts on property tax for buildings with solar rooftops.
- Interest Subsidies – State-level initiatives reduce loan interest rates for solar adoption.

Who Can Apply for Subsidy?

- Homeowners & Housing Societies installing grid-connected rooftop solar systems.
- Educational Institutions, NGOs, and Government Buildings under specific state policies.
- Industrial and commercial consumers can avail tax benefits & depreciation incentives.

Techforce Services assists customers in obtaining financing for solar systems through various government-backed and private sector loans.

Benefits of Availing Loan & Subsidy for Solar Installations

• Reduces Upfront Costs – Makes solar installation affordable without heavy initial investment.
• Fast ROI & Cost Savings – Recover investment within 3-5 years through energy bill savings.
• Low Interest & Flexible EMI – Easy repayment structures without financial burden.
• Government Support – Central & state schemes encourage widespread solar adoption.
• Environmental Benefits – Supports India’s commitment to clean energy & carbon reduction.

At Techforce Services, we simplify the entire loan & subsidy application process to ensure our clients get the maximum financial benefits for their solar projects.

• Expert Consultation on Subsidies & Loan Eligibility
• Hassle-Free Application & Documentation Support
• Tie-ups with Leading Banks & NBFCs for Easy Financing
• Assistance in Net Metering & Government Approvals
• End-to-End Solar Project Management & Installation

Take advantage of government subsidies & flexible solar loans today! Contact Techforce Services to make your switch to solar energy seamless and affordable.