Rooftop Solar Loan
In today’s rapidly evolving business environment, sustainability is no longer optional. Solar energy has emerged as one of the most effective solutions for businesses to significantly reduce electricity costs, enhance energy efficiency, and contribute to a greener planet. For MSMEs, schools, hospitals, hotels, and various commercial enterprises, installing solar panels—whether on rooftops or ground-mounted—provides a reliable way to cut energy expenses while benefiting the environment.
Solar energy not only enables businesses and institutions to adopt sustainable practices but also helps meet compliance with government regulations, unlocking valuable incentives. Profectus Capital offers tailored financing solutions to support your green energy transition, reduce long-term energy costs, and help you build a more sustainable future.
With Profectus Capital’s Solar Panel financing, businesses can purchase and install their own solar systems through affordable monthly repayments. Start saving on energy costs immediately, and after the loan is paid off, enjoy years of free electricity—making this a smart, long-term investment.
Why Choose Profectus for your Solar Panel Loan?
Quick & Easy Application Process
Enjoy a seamless, fully digital loan application process, making it easy and convenient to access solar financing without the hassle of paperwork.
Collateral-Free Financing
Borrow up to ₹1 crore for your solar panel installation without the need for additional collateral.
One-Time Investment,
Lifetime Benefits
Make a one-time investment in solar energy and start saving immediately on your electricity bills. Once your loan is repaid, you’ll benefit from years of free, clean energy with minimal ongoing maintenance costs.
Positive Environmental Impact
By switching to solar energy, you're not only reducing your operational costs but also contributing to a cleaner, greener environment by lowering your carbon footprint.
Key Features
Higher Loan Amounts
Loans available up to Rs. 3 Crore for your solar energy needs.
Flexible Repayment Terms
Repayment terms of up to 4 years, tailored to suit your cash flow.
Solar Panel Capacity
Financing available for systems ranging from 15 kW to 100 MW.
No Secondary Collateral
For loans up to Rs. 1 Crore, no secondary collateral is required, making it more accessible.
High Loan-to-Value (LTV) Ratio
Enjoy a high LTV ratio that covers a significant portion of the panel costs, reducing your upfront investment.
Eligibility Criteria
Who Can Get Solar Panel Financing?
- Age: The applicant must be between 21 and 65 years of age at the time of loan application.
- Citizenship: The applicant must be an Indian citizen.
- Business Vintage: The business should have a minimum of 5 years of operational history.
Required Documentation
Documents required for Solar Panels Loan
- KYC Documents: Valid identification for the applicant (e.g., Aadhar card, Passport, Voter ID).
- Business PAN: A valid PAN card for the business.
- Current Address Proof: Proof of current residential and business address.
- UDYAM Certificate: For MSMEs, a valid UDYAM registration certificate is required.
- Business Vintage Proof: Documentation showing the business has been operational for a minimum of 5 years
- 12 Months Bank Statements & GST Returns: To evaluate the financial health and stability of the business.
- Financial Statements for Last Three Years: Audited financial records from the last 3 years.
- Proforma Invoice/Quotation: A quotation or proforma invoice for the solar panel equipment to be purchased.
FAQs
What is a Solar Panel Loan?
Why should I take a Solar Panel Loan?
- Save on electricity bills: Reduce your monthly electricity costs and gain financial stability.
- Environmental benefits: Reduce your carbon footprint and contribute to sustainable energy practices.
- Financial advantages: Enjoy potential tax credits, rebates, and long-term savings from lower electricity bills.
Will I need to provide any collateral?
If your loan amount exceeds Rs. 1 crore, we will require property to be provided as collateral security to support the loan.
What is the interest rate for a Solar Panel Loan?
What are the financial benefits of Solar Energy?
- Cost Savings: Solar energy systems help you cut your electricity bills and protect your business from rising energy costs.
- Smart Investment: Investing in solar energy is a sustainable financial choice. The savings on electricity can be significant, and the system often pays for itself over time.
