In a significant step toward promoting clean and sustainable energy, Punjab National Bank (PNB) has launched its Solar Rooftop Loan Scheme 2025, allowing homeowners and small businesses to install solar panels with ease. Backed by up to 40% government subsidy, this scheme aims to empower more Indians to switch to solar power — reducing electricity bills and carbon footprints.
If you’ve been thinking about going green and making your home energy independent, this is the perfect opportunity. Let’s understand what the scheme offers, how it works, eligibility criteria, and how you can apply for the loan with subsidy support.
☀️ What is the PNB Solar Rooftop Loan Scheme 2025?
The PNB Solar Rooftop Loan 2025 is a financial scheme introduced by Punjab National Bank to support the adoption of grid-connected rooftop solar power systems. The scheme is aligned with the Indian government’s PM Surya Ghar Muft Bijli Yojana, which provides up to 40% subsidy on residential solar installations.
With increasing electricity costs and a nationwide push for renewable energy, this scheme is designed to:
- Provide easy loan options for installing solar panels
- Ensure subsidy disbursal directly through government-approved channels
- Enable households to save on power bills for up to 25 years
🎯 Key Highlights of the PNB Solar Loan Scheme
- ✅ Loan Amount: Up to ₹10 lakhs (depending on system capacity)
- ✅ Interest Rate: Competitive interest rates starting from 8.5% per annum (subject to credit profile)
- ✅ Subsidy: Up to 40% government subsidy for systems up to 3 kW, and 20% for 3–10 kW
- ✅ Repayment Tenure: Flexible tenure of up to 10 years
- ✅ Collateral: No collateral required for smaller loans (subject to bank norms)
- ✅ Coverage: Both residential and commercial rooftop systems are eligible
- ✅ Processing Fee: Nominal or waived for government-backed installations
📉 How Does the 40% Subsidy Work?
Under the scheme, the Indian government provides:
- 40% subsidy for residential solar systems of up to 3 kW capacity
- 20% subsidy for additional capacity between 3 kW and 10 kW
This subsidy is disbursed through the National Portal for Rooftop Solar (https://solarrooftop.gov.in), and is credited to the customer’s bank account after successful installation and verification.
For example:
- A 3 kW system costing ₹1.5 lakh would be eligible for ₹60,000 subsidy
- The remaining ₹90,000 can be financed through PNB’s loan
This dramatically reduces the upfront cost and makes solar energy more affordable for middle-class families.
📝 Eligibility Criteria for PNB Solar Loan
To avail the solar rooftop loan with subsidy from PNB, applicants must meet the following eligibility criteria:
For Individuals:
- Must be an Indian resident
- Own a residential property suitable for solar installation
- Maintain a satisfactory credit score
- Must register on the national solar rooftop portal
For Businesses:
- Should be a registered MSME, shop, or commercial unit
- Must show electricity consumption patterns suitable for solar use
- Submit business registration and KYC documents
📄 Documents Required
Here’s a list of documents you will likely need while applying for the PNB Solar Rooftop Loan:
- Identity Proof – Aadhaar Card / PAN Card
- Address Proof – Electricity bill / Property tax receipt
- Ownership Proof – Registered property papers
- Bank Statements – Last 6 months
- Income Proof – Salary slips / ITRs
- Quotation from Empanelled Vendor – For system capacity and installation cost
- Acknowledgment from National Rooftop Portal
🛠️ Installation Process: Step-by-Step Guide
- Register on the National Solar Rooftop Portal
Visit the government’s solar portal and create your login. - Apply for Solar Panel Installation
Select a DISCOM-empanelled vendor for your location. - Get a Quotation
Based on your usage, choose a 1–10 kW system. The vendor will generate a cost estimate. - Submit Quotation to PNB
Attach all necessary documents and apply for the loan. - Loan Sanctioning & Disbursal
PNB verifies your credit and disburses funds either to you or directly to the vendor. - Installation and Inspection
Solar panels are installed, tested, and linked to the grid. - Subsidy Transfer
After inspection, the government transfers subsidy directly to your bank account.
🧮 Savings & ROI: How Much Can You Save?
A 3 kW solar panel system can generate around 360–400 units of electricity per month. At an average electricity rate of ₹7/unit, this translates to:
- Monthly savings: ₹2,500–₹3,000
- Yearly savings: ₹30,000–₹36,000
- Payback period (with loan + subsidy): 4–6 years
- Panel life: 25 years
This means after your loan is paid off, you can enjoy 20+ years of nearly free electricity.
🧭 Why Choose PNB for Your Solar Loan?
- Trusted public sector bank with a large national network
- Simplified documentation and customer assistance
- Attractive interest rates and EMI flexibility
- Direct linkage with national solar subsidy scheme
- Digital tracking of loan status and disbursal
PNB’s strong reputation and structured lending process make it an ideal partner for your green energy investment.
🌍 Contributing to a Greener Future
By installing a rooftop solar panel system, you not only save money but also:
- Reduce carbon emissions
- Lower your dependence on coal-generated electricity
- Increase your property value
- Inspire your community to embrace clean energy
With India aiming to achieve 280 GW of solar capacity by 2030, every installation matters — and this loan scheme helps citizens become active contributors to that mission.
✅ Conclusion: Make the Smart Switch with PNB’s Solar Rooftop Loan
The PNB Solar Rooftop Loan Scheme 2025, combined with a generous 40% government subsidy, is a golden opportunity for homeowners and small businesses to transition to clean energy without burning a hole in their pockets.
Whether you want to beat rising electricity bills, secure long-term savings, or simply do your part for the environment, solar power is the way forward — and PNB is making it easier than ever to adopt.
So don’t wait — apply today, go solar, and shine brighter tomorrow.
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