When Rajesh Sharma from Ghaziabad saw his June electricity bill, he couldn't help but sigh.
The number ₹6,000 stared back at him — again. With two air conditioners, a refrigerator, washing machine as well as other household appliances such as summer bills had become a monthly headache. Similar to other homeowners in Faridabad and Ghaziabad , Rajesh had heard about rooftop solar. Neighbours were installing panels, social media was buzzing with solar savings, but one thought held him back:
"Solar sounds good, but I don’t want to spend ₹2–3 lakh in one go."
This is the exact concern thousands of families share. And it’s why solar on EMI in NCR has become the game‑changer.
Why More Homeowners Are Choosing Solar on EMI
When Rajesh first began getting quotes, the numbers felt incredibly scary. Local installers kept throwing around massive setup costs. Like most family-budget managers, his immediate reaction was simple —"Solar sounds great, but where will I arrange this much money from?"
That’s where solar EMI and financing options in India come in. Just like buying a car or smartphone, you can now install solar and pay in easy monthly installments — while your system starts generating savings from day one. Instead of paying a power company every month, many homeowners are using that same amount to pay an EMI and gradually own a solar asset that can generate electricity for the next 25 years.
Think about it this way:
A ₹5,000–₹7,000 electricity bill disappears forever.
A ₹5,000–₹7,000 solar EMI helps you own a rooftop power plant.
Solar Cost in Faridabad & Ghaziabad (2026)?
The cost depends on your electricity consumption and rooftop space.
Estimated Residential Solar Cost (2026) System Size Suitable For Approx Cost PM Surya Ghar Subsidy Approx Cost After Subsidy 1 kW Small Home ₹70,000 ₹30,000 ₹40,000 2 kW 2 BHK Home ₹1,20,000 ₹60,000 ₹60,000 3 kW 3 BHK Home ₹1,80,000 Up to ₹78,000 ₹1,02,000 5 kW Large Home/Villa ₹2,90,000–₹3,35,000 Up to ₹78,000 ₹2.12–₹2.57 lakh
Actual pricing depends on panel technology, inverter brand, roof structure, net metering requirements, and installation complexity.The numbers looked far more manageable after accounting for the PM Surya Ghar subsidy.
EMI vs Electricity Bill: The Real Comparison
When he explored a 3 kW rooftop solar system , the numbers started making sense. After applying the PM Surya Ghar subsidy, the cost came down to around ₹1.02 lakh . With financing, his monthly EMI worked out to approximately ₹3,290 for three years.
His EMI was actually lower than what he was already spending on electricity every month. Instead of paying the power company, he was gradually paying towards owning a solar system that could generate electricity for the next 25 years. A friend in Faridabad had a larger home and electricity bills touching ₹8,000 every month. He opted for a 5 kW solar system. After subsidy, the project cost was around ₹2.57 lakh, and the EMI came to roughly ₹5,000–₹5,500 per month. The interesting part? His monthly electricity savings were almost equal to the EMI amount.
That's when Rajesh realized something important — solar wasn't creating a new expense. It was simply replacing an existing one.
System Size Approx Cost After Subsidy Approx EMI* Estimated Monthly Savings 3 kW ₹1.02 Lakh ₹3,290 ₹2,500–₹3,000 5 kW ₹2.57 Lakh ₹5,000–₹5,500 ₹5,400–₹6,000
Curious about long‑term returns? Explore our detailed guide on ] [Solar ROI & Payback in NCR ]
Your Solar Loan & EMI Choices in 2026
You don’t need a special loan. Today, several banks and NBFCs offer solar financing in India such as Bank Solar Loans, NBFC Financing,Installer-Financed EMI Plans & Zero Down Payment Solar Programs. Popular lenders in Faridabad & Ghaziabad include SBI, HDFC Bank, Axis Bank, Tata Capital, L&T Finance, Hero FinCorp, Aerem, and ECOFY. Many of these lenders now offer dedicated rooftop solar financing solutions.
Loan tenures generally range from 3 to 7 years, while interest rates can vary based on lender, credit profile, and loan amount. For a complete overview of solar buying and financing options, check out our MYSUN FAQ on Solar Financing .
Is Zero Down Payment Solar Really Possible?
One of the biggest myths around solar is that you must arrange a large down payment.In reality, some financing solutions now allow homeowners to begin the project with little or no upfront burden.Since subsidy amounts vary by system size and eligibility, it's important to understand the latest subsidy structure before finalizing your project. MYSUN has a detailed breakdown of rooftop solar subsidies available in Delhi, UP and Haryana Delhi, UP and Haryana .Many customers use that subsidy amount to reduce their outstanding loan amount, lower their EMI, or shorten the repayment tenure.For families trying to manage household budgets carefully, this has made rooftop solar far more accessible.
Why Faridabad & Ghaziabad Are Perfect for Rooftop Solar
Faridabad and Ghaziabad have seen rapid residential growth over the last decade.
At the same time:
Electricity consumption continues to rise.
Summer power bills often become a major household expense.
Most independent homes have usable rooftop space.t
Solar generation remains strong for most of the year.
To understand how rooftop solar works step‑by‑step? Check out our Solar Essentials Guide for everything you need to know .
What Should Homeowners Check Before Taking a Solar Loan?
Before finalizing a solar EMI plan, make sure you check:
Subsidy eligibility
Loan processing fees
Prepayment charges
Panel and inverter warranty
Installer credentials
AMC and after-sales support
Net metering assistance
The quality of installation matters just as much as financing. A properly designed system will generate better savings and improve your overall return on investment.
MYSUN: Your Partner in NCR’s Solar Revolution
For families across Faridabad and Ghaziabad, the core question is no longer about whether clean energy technology works. The real question is whether it makes financial sense to keep paying rising utility bills forever when highly flexible financing options can eliminate them.
With accessible PM Surya Ghar subsidy programs, flexible solar loans through specialized partners, and repayment terms reaching up to 7 years, shifting your home to clean energy has never been this straightforward. Once those temporary monthly payments wrap up, your private generation savings continue entirely unhindered.
During his own research, Rajesh Sharma ultimately bypassed standard sales pitches and reached out directly to the advisory team at MYSUN. What changed his mind wasn't marketing claims, but transparent clarity regarding his home's specific subsidy eligibility, precise physical system sizing, and direct integration with local financing partners.
Don't let upfront costs keep your household locked into paying high electricity bills. Let our regional NCR experts design a zero-stress financial path to total energy independence.
📞 Contact our solar advisors today: 8448380218
📧 Email: [email protected]
👉 Try the MYSUN Solar Calculator
Book your Solar System for just 6,999 and build your personalized payment plan with Flexi-payTM. 
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