Solar Panel Project Financing

Given India’s rapidly growing energy demands, sustainable solutions are essential. Traditional fossil fuels are environmentally harmful and increasingly expensive, making solar energy the most viable path forward. The renewable energy sector is expanding globally, and rooftop solar panel financing has made this sustainable technology accessible to a wider range of businesses and individuals. 

The solar energy sector is experiencing significant growth, resulting in a surge in funding for solar projects in India across both the retail and corporate sectors. Let’s explore.

solar panel

Key Features of Solar Panel Financing

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Funding starts at Rs 1 Cr (Unsecured options available)

interest rate

Competitive solar panel finance interest rate

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Simple process and less paperwork

Execution

End-to-end Execution

flexible repayment

Flexible repayment options

Solar Projects Financing Solutions

The solar energy sector is experiencing significant growth, leading to a surge in funding demand across both retail and corporate sectors. In the retail segment, individual homeowners and housing societies are increasingly interested in adopting solar energy, but the high upfront costs often require solar panel loans or other financing options. On the corporate side, the solar energy value chain presents diverse funding requirements. Capital expenditure (CapEx) needs are substantial across manufacturing, trading, installation, and direct solar power consumption. 

Hence, we at Terkar Capital specialise in arranging funding solutions tailored to these specific needs. Due to the capital-intensive nature of the solar industry, it’s crucial to structure debt instruments that align with its unique financial needs.

Advantages of Solar Power/Energy

  1. Solar remains the natural, constant, and free source of energy.
  2. It is the most cost-effective medium to justify the growing energy demand across India.
  3. It is a one-time investment that continues to provide benefits over an extended period, typically around 20-25-30 years.
  4. The infrastructure maintenance is also low across the tenure. It is safe and does not have much wear and tear.
  5. As solar power does not create any type of waste, like fossil fuels, it helps nature.

Solar Panel Financing Documents

The length of the solar panel funding process is determined by the availability of documentation. Here’s the list:

Owner KYC Documents

  1. Aadhar Card (complete page)
  2. Pan Card
  3. Latest Electricity Bill
  4. Current Rent Agreement
  5. Passport Size Photo

Business KYC Documents

  1. GST Certificate
  2. MOA, AOA, Pan Card
  3. Shop Act / Trade License
  4. Certificate of incorporation
  5. Shareholding Pattern
  6. Partnership Deed
  7. Current electricity bill and
  8. Rent Agreement

Banking Documents

  1. All account Bank statements (For the last 12 months)
  2. All current loan sanction letters

Financial Documents

  1. Last 2 years' complete Financials
  2. GST Returns (for last 12 months)

Solar Panel Financing at Terkar Capital

There are multiple options available for solar energy. However, each debt instrument is designed separately and differently. While raising the debt fund, the most important part is to raise the funding through the right debt instrument. Here at Terkar Capital, we are committed to working dedicatedly in the solar industry.

We analyze the company’s strengths and weaknesses, and based on the analysis, we decide on the debt funding instrument and source. Finally, the borrower of the funds should be the ultimate beneficiary of the whole exercise.

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FAQs On Solar Panel Financing

There is no capping on raising the funds. It can start with as low as one crore and it can go up to thousands of crores. It depends on financial ratios and the requirements of the project.

Generally the repayment tenure depends on the project and its cash flow. It can start with as low as 3 years and it can go up to  20 years even.

Under all the debt instruments, the most important factor in deciding the interstate rate is the financial ratio of the company. The better the financial ratios and project viability the better the cost of the funding. And vice versa.

The debt funding can be raised in 10 – 45 working days. This may vary with the nature and complications involved in the project.

It depends entirely on the borrower (individual, SME, or large corporation) and the project size (rooftop vs. ground-mount). Our funding options range from rooftop solar finance loans to structured infrastructure debt and many.

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Terkar Capital is a registered brand of Terkar Global Financial Development Pvt Ltd, an Investment Banking Firm with a national footprint. We work extensively with professionals and businesses of all sizes to arrange debt funding instruments.

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CIN: U70200PN2023PTC224016

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