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Decoding Solar Financing: Step-by-Step

19 January 2026 by
Solaron Homes PVT LTD

Introduction: Solaron Homes' Commitment to Green Energy

Solaron Homes is revolutionizing how we adopt solar energy, making it simple, accessible, and financially viable. With innovative solutions and comprehensive support, we’re effortlessly helping individuals and communities transition to cleaner energy sources.

Why Install a Solar Plant? Benefits for You and the Planet

Investing in solar energy is a win-win for your wallet and the environment.

  • Cost Savings: Reduced electricity bills with energy generated from your solar plant.
  • Eco-Friendly Impact: Minimized carbon footprint, supporting climate change initiatives.
  • Energy Independence: Reliable, renewable power source for years to come.
  • Government Incentives: Subsidies and tax benefits for installing solar panels.

Introduction to Financial Schemes

Recognizing the high upfront cost of solar plants, several government and bank-led financial schemes make the switch more accessible. These include subsidies, low-interest loans, and flexible repayment terms tailored to individual needs.

Step-by-Step Decoding of Solar Financing

Step 1: Login to PM Surya Ghar

  • Visit the PM Surya Ghar portal.
  • Create a new account or log in if you already have one.

Step 2: Choose Financing Options

  • Select the financing scheme that aligns with your budget and energy requirements.

Step 3: Register

  • Fill out the application with your personal details, property information, and energy needs.

Step 4: Login Again

  • Use your credentials to log back into the portal for tracking and updates.

Step 5: Jan Samarth - The Application Process

  • Jan Samarth is the central platform for managing applications for solar financing.
  • Submit the necessary documents, including proof of identity, property ownership, and income details.

Step 6: Application Approval

  • Once verified, your application will be moved to the next stage for approval.

5. Bank Options for Solar Financing

Choose from leading banks offering solar loans, including:

  • State Bank of India (SBI)
  • Canara Bank
  • Bank of Baroda (BOB)
  • Union Bank
  • IDBI Bank

6. Financing Details

For plants up to 3kWp:

  • Interest Rate: 7%
  • No collateral required
  • 10% margin
  • Financing up to ₹2 lakhs

For plants from 4kWp to 10kWp:

  • Interest Rate:
  • Financing up to ₹6 lakhs
  • 10-year tenure

Switching to solar energy is now more accessible than ever. With Solaron Homes and supportive government schemes like PMSURYA GHAR spearheaded by our government and our Prime Minister Shri Narendra Modi, you can power your home sustainably while managing costs effectively. Start your solar journey today and contribute to a greener, brighter future!

Solaron Homes PVT LTD 19 January 2026
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