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Go Solar on EMI in Hyderabad — Save From Day 1
Zero upfront burden · PM Surya Ghar subsidy reduces your loan · Savings exceed EMI from Month 1
You do not need to pay the full cost of solar upfront. With a bank solar loan, the PM Surya Ghar subsidy of ₹78,000 reduces your principal, and your monthly electricity savings start immediately — often exceeding your EMI amount from the very first month. Going solar on EMI in Hyderabad is not just affordable; it is cash-flow positive from Day 1.
₹2,500EMI from (3kW, 48mo)
₹1,500Monthly Savings
₹78,000Subsidy Reduces Loan
Day 1Savings Start
₹2,500/moMinimum EMI (3kW, 48mo)
10–12%Typical Solar Loan Rate
₹78,000Subsidy Pre-Payment
4–5 YrsTypical Loan Tenor
How the Numbers Work — 3kW System on EMI
The single most important insight about solar financing is this: your electricity savings begin on the day your system is commissioned — the same day your EMI clock starts. Here is what the monthly cash flow looks like for a typical 3kW system in Hyderabad financed through a bank loan:
Monthly Cash Flow — 3kW Solar System on Bank Loan (Hyderabad)
Gross system cost (incl. 12% GST)
₹2,00,000
PM Surya Ghar subsidy (received ~30 days post-inspection)
− ₹78,000
Net loan amount
₹1,22,000
Loan tenor
48 months (4 years)
Interest rate (SBI Solar Loan)
~10.5% p.a.
Monthly EMI
~ ₹3,100/month
Monthly electricity bill saved
+ ₹1,800/month
Net monthly outflow (EMI minus savings)
Only ~₹1,300/month
Once the ₹78,000 subsidy is credited to your account (typically Month 2), you can make a pre-payment on the loan. After that pre-payment, your EMI drops further — and in many cases, your savings exceed the reduced EMI, making the system genuinely cash-flow positive every month.
The key insight: Without solar, you pay ₹1,800–₹2,500/month forever to TSSPDCL with no return. With solar on EMI, you pay a similar or smaller amount for 4 years — and then pay nothing for the next 20+ years. The system keeps generating free electricity long after the loan is paid off.
EMI Scenarios — 3kW and 5kW Systems
The table below shows indicative EMI figures for different loan amounts and tenors. Actual rates depend on your credit profile and the bank's current scheme rate.
| System | Net Loan (after subsidy) | Tenor | Rate | Monthly EMI | Monthly Savings | Net Outflow |
|---|
| 3kW | ₹1,22,000 | 36 months | 10.5% | ~₹3,960 | ~₹1,800 | ~₹2,160 |
| 3kW | ₹1,22,000 | 48 months | 10.5% | ~₹3,100 | ~₹1,800 | ~₹1,300 |
| 3kW | ₹1,22,000 | 60 months | 10.5% | ~₹2,620 | ~₹1,800 | ~₹820 |
| 5kW | ₹2,00,000 | 48 months | 10.75% | ~₹5,140 | ~₹3,000 | ~₹2,140 |
| 5kW | ₹2,00,000 | 60 months | 10.75% | ~₹4,320 | ~₹3,000 | ~₹1,320 |
| After subsidy pre-payment (Month 2): loan balance drops, EMI reduces further or tenor shortens | Lower |
Find Out Your Exact EMI and Savings
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Solar Financing Options in Hyderabad
Multiple banks and financial institutions offer solar loan products in Hyderabad. Sri Ishaan Solar can connect you with the right lender and help prepare your loan file, reducing approval time significantly.
SBI — Surya Shakti Solar Finance
~10.5% p.a. · Up to ₹10L
Dedicated solar scheme. Up to 7-year tenor. No processing fee for PMSG-linked loans. Widely available at SBI branches across Hyderabad.
Bank of Baroda — Solar Home Loan
~10.75% p.a. · Up to ₹15L
Solar home loan linked to PMSG scheme. Accepts subsidy as pre-payment. Strong presence in Telangana.
Canara Bank — Solar Power Loan
~10.85% p.a. · Up to ₹10L
Available for residential solar up to 10kW. Linked to National Bank for Agriculture scheme. Available across Telangana branches.
HDFC Bank — Green Loan
~12–14% p.a. · Up to ₹40L
Personal / home improvement loan category. Faster approval, no solar-specific documentation required. Good for salaried applicants.
Bajaj Finserv — Home Improvement EMI
~13–16% p.a. · Flexible tenor
No collateral up to ₹25L. Instant approval for existing customers. Promotional no-cost EMI available for select card holders.
NABARD — Solar Refinancing
Subsidised rates via co-op banks
NABARD provides refinancing support to cooperative banks and rural banks for solar loans in Telangana. Best for agricultural and semi-urban areas.
How the PM Surya Ghar Subsidy Reduces Your Loan
The PM Surya Ghar Muft Bijli Yojana subsidy of ₹78,000 is not deducted upfront from the invoice. Instead, it is credited directly to your registered bank account within approximately 30 days of the DISCOM inspection. Here is how smart borrowers use it to reduce their loan burden:
1
Take a loan for the full gross cost
Borrow approximately ₹2,00,000 for a 3kW system. Your EMI begins after installation is complete and the system is commissioned by TSSPDCL.
2
System starts generating savings immediately
From Day 1 of commissioning, your solar panels are producing electricity. Your TSSPDCL bill drops. Typical monthly savings: ₹1,500–₂,000 for a 3kW system.
3
Subsidy credited in ~30 days
Sri Ishaan Solar submits your bank details and inspection certificate to the PM Surya Ghar portal. ₹78,000 is deposited directly into your account within 30 days.
4
Use the subsidy to pre-pay the loan
Make a ₹78,000 pre-payment on your solar loan. This reduces your outstanding principal from ~₹2,00,000 to ~₹1,22,000. Your EMI drops proportionally or your tenor shortens.
5
Enjoy reduced EMI for the remaining tenor
After the pre-payment, your monthly outflow is the reduced EMI minus ongoing electricity savings. For most Hyderabad homes, this net figure is ₹800–₁,500/month — far less than what you were paying TSSPDCL before solar.
Documents Required for a Solar Loan in Hyderabad
Sri Ishaan Solar helps you prepare your complete loan file. Here is what banks typically require:
| Document | Purpose |
|---|
| Aadhaar Card (original + copy) | Identity and address proof |
| PAN Card | Tax identity — mandatory for loans above ₹50,000 |
| Last 3–6 months bank statements | Income and cash flow verification |
| Latest TSSPDCL/TSNPDCL electricity bill | Proof of consumer number, connection type, sanctioned load |
| Property document (sale deed or tax receipt) | Proof of property ownership for rooftop installation |
| Income proof (salary slips or ITR) | Repayment capacity assessment |
| Solar system quotation from Sri Ishaan Solar | Loan purpose proof — must be from a TGREDCO-empanelled installer |
| Passport-size photographs (2–3) | Standard KYC requirement |
Why use an empanelled installer for your loan: Banks processing solar loans prefer — and some require — quotes from TGREDCO-empanelled installers to ensure PMSG subsidy eligibility. Sri Ishaan Solar (Reg. TSRE260936) is empanelled, which means our quote is accepted by all major banks processing solar loans in Hyderabad.
Frequently Asked Questions — Solar EMI in Hyderabad
Can I buy solar panels on EMI in Hyderabad?
Yes. Solar installations in Hyderabad can be financed through dedicated bank solar loans (SBI Surya Shakti, Bank of Baroda Solar Home Loan, Canara Bank Solar Power Loan), NABARD-linked rural solar loans, and NBFC products from Bajaj Finserv and HDFC Bank. EMIs for a 3kW system start from approximately ₹2,500–₃,100 per month for a 48-month tenor. Sri Ishaan Solar assists with the loan documentation process.
What is the EMI for a 3kW solar system in Hyderabad?
For a 3kW system with a net loan of ₹1,22,000 (after the ₹78,000 PM Surya Ghar subsidy pre-payment) at approximately 10.5% per annum: a 48-month EMI is approximately ₹3,100/month, and a 60-month EMI is approximately ₹2,620/month. Monthly electricity savings of ₹1,500–₂,000 offset this, leaving a net cash outflow of ₹600–₁,500/month — significantly less than what most households pay TSSPDCL each month.
Does the PM Surya Ghar subsidy reduce my solar loan amount?
Yes. The ₹78,000 subsidy is deposited into your bank account within 30 days of DISCOM inspection. Most customers use this amount as a loan pre-payment, reducing the outstanding principal from the full gross cost to the net amount. SBI and Bank of Baroda both allow pre-payments without penalty for solar loans. This single step meaningfully lowers your remaining EMI burden.
Which banks offer solar loans in Hyderabad?
SBI (Surya Shakti Solar Finance, ~10.5% p.a.), Bank of Baroda (Solar Home Loan, ~10.75% p.a.), and Canara Bank (Solar Power Loan, ~10.85% p.a.) are the primary nationalised banks with dedicated solar loan schemes. HDFC Bank and Bajaj Finserv offer home improvement or personal loan products that can be used for solar, at rates of 12–16% p.a. Sri Ishaan Solar can connect you with the right lender based on your profile.
Is there a zero-cost EMI option for solar in Hyderabad?
True 0% bank interest solar EMI is not a standard product in Hyderabad, but the outcome is effectively the same: your monthly electricity savings (₹1,500–₂,500/month) offset most or all of your EMI payment. Many customers describe their solar loan as "self-repaying" because the savings cover the EMI from Month 1. Once the PMSG subsidy is used to pre-pay the loan, the net monthly outflow becomes very small.
Can I get a solar loan without collateral in Hyderabad?
Yes. Solar loans up to ₹10 lakh are available as unsecured (no-collateral) loans from several banks under their green lending schemes. Personal loan products from Bajaj Finserv and HDFC Bank can also be used for solar financing without any asset pledge, though at slightly higher rates (12–16% p.a.). Sri Ishaan Solar will advise on the best option based on your loan amount and credit profile.
What documents are needed for a solar loan in Hyderabad?
Typically: Aadhaar and PAN, last 3–6 months bank statements, latest TSSPDCL electricity bill, property ownership document (sale deed or municipal tax receipt), income proof (salary slips or ITR), and the solar system quotation from a TGREDCO-empanelled installer. Sri Ishaan Solar (TGREDCO Reg. TSRE260936) provides bank-ready quotations and helps you compile the complete loan file.
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TGREDCO Reg. TSRE260936 · GSTIN 36AFXFS2132K1ZG · Bandlaguda, Hyderabad