Public Sector Bank loans for rooftop solar installations for home
Public Sector Banks (PSBs) are to offer
loans for rooftop solar installations
to home loan / home improvement proposals of individual customers.
Nearing Rs.7 per kWh without any subsidy, rooftop solutions have become feasible in India. Governement is providing 15 per cent subsidy on these installations.
Some banks that have already issued instructions to start offering this loan. These are :
Bank of India – IOB Surya
State Bank of India
Central Bank of India
Punjab National Bank
Allahabad Bank andShopOnline.Solar
Indian Overseas Bank
to put you through to a panel of EPC contractors (engineering, procurement and construction contractors) near your location.