Rooftop Solar Loan
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What is a Rooftop Solar Loan?

Rooftop Solar Loans are used for acquiring and installing rooftop solar panels for meeting your electricity requirements. This loan helps you reduce your electricity bills thereby adding to your bottom-line and is also environmentally friendly.

Features that make you happy:

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Loan Amount

Upto 75% of the
system/ installation value
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Upto 4 Years
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Flexible and based on
customer profile
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Speed of
getting a loan

Within 7 working days
  • Who can get
  • Who can avail
  • Benefits
  • Why choose EFL
  • How to apply
  • FAQ's

Industrial & Residential :

How can you improve your chances of getting a Rooftop Solar Loan?

  • Machinery Loan: Bureau Score For Loan Application | Efl
  • Business Age: Solar Financing | Electronica Finance Limited
  • Machinery Loan: Own A Land For Loan Application | Efl

Who can avail

We can provide rooftop solar loans to a vast number of verticals like:
Coaching Classes - Owned
Channel Partners / Dealers
End Customers (C&I Segment)
Standalone Bungalows / Row houses / Villas / Independent Houses

How will you benefit from a Rooftop Solar Loan?

It helps you install roof-top solar panels which will reduce electricity costs and increase savings
Accelerated depreciation benefits will help taxation
For loan amount up to Rs.15 lakhs, it can be done collateral free

Why choose EFL for a Rooftop Solar Loan?

Efl Only Nbfc To Provide Solar Financing Loan
Solar Financing: Experienced Asset Financing | Efl
Get Speedy Approval For Solar Financing | Efl

How to apply


The Ministry of New and Renewable Energy aims to install 227 Gigawatts of solar rooftop energy by March 2022. To speed up the adoption by commercial and industrial users, they are promoting the use of solar power through tax benefits.

To enhance the usage of solar rooftop system, the Indian government is offering accelerated depreciation of fixed assets related to solar power plant. The offered rate of acceleration is at 40%.

This allows commercial and industrial users to depreciate their investment at a much higher rate, than other assets. In return, the user can then claim tax benefits on the depreciated value in a year.

The solar loan interest rates at EFL are flexible and based on customer profile.

The documents required for applying for a solar loan are:

  • 3 Years Balance sheet and ITR
  • 12 Months Bank Statements of all Banks
  • GST Returns for current year
  • KYC – Aadhar & PAN
  • Residence & Factory ownership proof
  • Proforma Invoice / Quotation

12 months electricity bills

To avail solar financing from EFL, the eligibility criteria is

  • Bureau Score more than 650
  • Business vintage more than 3 years
  • At least one owned premises

Processing fees for EFL solar loan range from 1%-1.5%.

For loan amount up to Rs. 50 lakhs, you can get collateral-free solar financing.

Rooftop Solar Loan
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