Rooftop solar – Affordable and sustainable solar energy solutions

Rooftop solar – Affordable and sustainable solar energy solutions

Discover how rooftop solar systems harness clean sunlight to reduce electricity bills, qualify for government subsidies, and provide long-term energy savings for homes, businesses, and industries across India.

Rs. 40000 - Rs. 55 lakh

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Rooftop solar – Affordable and sustainable solar energy solutions

Rooftop solar is emerging as a practical and future-ready energy solution for Indian homes and small businesses. With rising electricity tariffs and increasing environmental awareness, rooftop solar systems offer a reliable way to reduce power bills and carbon footprint. These systems use unused rooftop space to generate clean electricity from sunlight, making energy production local and efficient. 


Advances in solar technology, combined with government subsidies and financing support, have made rooftop solar more accessible than ever. Whether you live in an independent house or manage a small commercial property, rooftop solar helps achieve long-term savings, energy independence, and a cleaner living environment without disrupting daily routines.


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What is rooftop solar and how it works

Rooftop solar refers to solar panels installed on the roof of a building to generate electricity for on-site use. The system works by capturing sunlight through photovoltaic panels, which convert solar energy into direct current electricity. An inverter then converts this into alternating current that can power household appliances. 


Excess electricity can either be stored in batteries or exported to the grid, depending on the system type. Rooftop solar systems can be grid-connected, off-grid, or hybrid, offering flexibility based on user needs. By generating power at the point of consumption, rooftop solar reduces transmission losses and dependence on conventional electricity sources.

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Key benefits of installing rooftop solar panels

Installing rooftop solar panels offers several financial and environmental benefits. One major advantage is reduced electricity bills, as solar power offsets grid consumption during the day. Over time, these savings help recover installation costs. Rooftop solar also supports environmental sustainability by producing clean energy and lowering greenhouse gas emissions. 


Another benefit is energy security, as homes become less vulnerable to power cuts and tariff increases. Solar installations can increase property value and improve energy efficiency ratings. With low maintenance requirements and a long system lifespan, rooftop solar provides consistent performance. These benefits make rooftop solar an attractive investment for households seeking long-term savings and responsible energy use.

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Government subsidies and financial support for rooftop solar

The Indian government promotes rooftop solar adoption through subsidies and financial incentives that reduce upfront costs.


Key support measures include:

  • Central government subsidies for grid-connected rooftop systems
  • State-level incentives and electricity tariff benefits
  • Net metering policies to earn credits on surplus power
  • Support through approved vendors and installers

Subsidies are generally based on system capacity and are credited after installation and inspection. These incentives significantly improve affordability for homeowners. By combining subsidies with financing options, rooftop solar becomes a viable and budget-friendly solution for clean energy adoption across urban and semi-urban areas.

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Net metering: Sell excess power and save more

Net metering is a billing mechanism that allows rooftop solar users to export excess electricity to the grid. When your solar system generates more power than you consume, the surplus is sent to the utility grid, and you earn energy credits. These credits are adjusted against your future electricity bills, reducing overall costs. 


Net metering improves the financial returns of rooftop solar systems and encourages efficient energy usage. It also supports grid stability by feeding clean power back into the network. For homeowners, net metering ensures that no generated energy goes to waste, making rooftop solar more economical and rewarding over time.

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Choosing the right rooftop solar system for your home

Selecting the right rooftop solar system depends on your energy needs and roof conditions.


Important factors to consider include:

  • Average monthly electricity consumption
  • Available rooftop area and sunlight exposure
  • System type, such as grid-connected or hybrid
  • Panel efficiency, inverter quality, and warranty

A properly sized system ensures optimal energy generation and faster cost recovery. Consulting an authorised solar installer helps assess roof structure, orientation, and shading. Professional guidance ensures the system meets safety standards and delivers reliable performance. Choosing the right system upfront maximises savings and long-term satisfaction.

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Rooftop solar installation process and timeline

The rooftop solar installation process is systematic and usually completed within a few weeks.


Key steps include:

  • Site inspection and system design
  • Approval and subsidy documentation
  • Installation of panels, inverter, and wiring
  • Grid connection and net metering setup

The actual panel installation typically takes one to three days. Additional time may be required for approvals and inspections. Once commissioned, the system starts generating electricity immediately. Clear communication with the installer helps ensure timely completion and smooth handover.

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Conclusion

Rooftop solar offers an affordable and sustainable way to meet everyday energy needs. It helps reduce electricity bills, lowers environmental impact, and improves energy independence.


Key takeaways include:

  • Long-term cost savings and clean energy generation
  • Government subsidies that improve affordability
  • Net metering benefits for surplus electricity

If upfront costs are a concern, financing options such as personal loan online can help manage expenses comfortably. Investing in rooftop solar today supports a cleaner, more secure, and cost-efficient energy future.

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Key offerings: 3 loan types

Personal loan interest rate and applicable charges

Type of fee

Applicable charges

Rate of interest per annum

10% to 30% p.a.

Processing fees

Up to 3.93% of the loan amount (inclusive of applicable taxes).

Flexi Facility Charge

Term Loan – Not applicable

Flexi Loans –Up To Rs 1,999 To Up To Rs 18,999/- (Inclusive Of Applicable Taxes)

Will be deducted upfront from loan amount.

Bounce charges

Rs. 700 to Rs. 1,200/- per bounce

“Bounce Charges” shall mean charges levied on each instance in the event of: (i) dishonour of any payment instrument irrespective of whether the customer subsequently makes the payment through an alternate mode or channel on the same day; and/or (ii) non-payment of instalment(s) on their respective due dates where any payment instrument is not registered/furnished; and/or (iii) rejection or failure of mandate registration by the customer’s bank.

Part-prepayment charges

Full Pre-payment:

Term Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment.
Flexi Term (Dropline) Loan: Up to 4.72% (Inclusive of applicable taxes) of the Dropline limit as per the repayment schedule as on the date of full prepayment.
Flexi Hybrid Term Loan: Up to 4.72% (Inclusive of applicable taxes) of the Dropline limit as per the repayment schedule as on the date of full prepayment.

Part-prepayment

• Up to 4.72% (Inclusive of applicable taxes) of the principal amount of Loan prepaid on the date of such part Pre-
• Not Applicable for Flexi Term (Dropline) Loan and Flexi Hybrid Term Loan.

Penal charge

Delay in payment of instalment(s) shall attract Penal Charge at the rate of up to 36% per annum per instalment from the respective due date until the date of receipt of the full instalment(s) amount.

Stamp duty (as per respective state)

Payable as per state laws and deducted upfront from loan amount.

Annual maintenance charges

Term Loan: Not applicable

Flexi Term (Dropline) Loan:

Up to 0.295% (Inclusive of applicable taxes) of the Dropline limit (as per the repayment schedule) on the date of levy of such charges.


Flexi Hybrid Term Loan:

Up to 0.472% (Inclusive Of Applicable Taxes) Of The Dropline Limit During Initial Tenure. Up to 0.472% (Inclusive Of Applicable Taxes) Of Dropline Limit During Subsequent Tenure

Disclaimer

Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.
For customer support, call Personal Loan IVR: 7757 000 000