Solar Loan EMI Calculator: will your savings cover the EMI?
Calculate your solar loan EMI and compare it with your monthly electricity saving.
Enter the loan amount, interest rate and tenure to see the EMI, total interest and whether your monthly electricity savings cover it. A ₹1.2 lakh loan at 7% over 5 years is about ₹2,380 a month.
Want exact numbers?
A short call with a Solar Daily advisor turns these estimates into a firm plan.
Get loan assistance →Get free quoteHow this calculator works
The calculator uses the standard reducing-balance EMI formula: EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P is the loan, r is the monthly interest rate and n is the number of months. It then compares the EMI with the monthly electricity saving you enter. If saving is higher than the EMI, the system pays for itself from the first month. Concessional rooftop loans are reported around 7% for eligible systems up to 3 kW; other loans follow bank rates.
Next: see the solar loan guide and the cost pillar.
Estimates are indicative. Confirm with an installer and your lender.
Solar Loan EMI Calculator: FAQ
What interest rate do solar loans have?
Concessional loans for eligible small residential systems are around 7%; other bank loans follow bank rates.
Should I take a loan or pay cash?
If savings cover the EMI, a loan preserves cash. If you have idle cash earning less than the loan rate, paying cash saves interest.
Can I prepay a solar loan?
Most banks allow part-prepayment; check foreclosure charges.