How to Buy Solar System on EMI?

With a fast-paced life and advent of e-commerce, there is no dearth of buying options for hungry consumers. Today, hundreds of goods are available in the online market and it just needs a click on the smartphone to buy one. Not only have the options and convenience increased, but the buying power of a customer has also expanded as a result of equated monthly installments or EMI, as it is popularly known as.

 

Today, you can buy almost anything on an EMI, be it your own house, car, smartphones, appliances or even a holiday. But can you buy a solar system on EMI? The answer is Yes. You can definitely buy a solar system on EMI. In fact, a few years back Tata Power Solar had partnered with Bajaj Finance to provide EMI buying options for solar products. Buying on EMI will not only increase affordability and flexibility but will also be easy on your pocket.

Solar System

solar system for home

Want to upgrade your inverter battery? Costing is the hurdle? If yes, then leave your worries, as you can purchase these Solar System on EMI, so choose one without worrying about the cost. Loom Solar, Luminous, Microtek, Sun Power, and many more brands are there which provide the best Solar System. So, you can get your Solar systems with the finest features from these brands. But if you want to take advantage of EMI services then this facility is, only on the Bajaj Finserv EMI Network, where you can pay its cost on easy EMIs.

The Bajaj Finserv EMI Network provides you the latest solar system for home, office, and business and apart from this you can get your solar system delivery within 3 days on your home. Just visit on our store, select your solar system, and divide the cost of the solar system into easy EMIs, and enjoy the facility of the solar system.

A Glance at the Types of Solar System

There are two types of Solar system, one is On-grid solar system and another is an off-grid solar system, before knowing its components let us the difference between them.

a. On Grid Solar system

emi on grid-tied solar system without credit card

On-Grid solar systems are solar power systems that only generate power when the utility power grid is connected directly to it.  They need to connect to the grid to function.  These systems can send excess power generated back to the grid when you are overproducing so you credit it for later use.

b. Off Grid Solar System

emi on off grid solar system without credit card

These systems let you store your solar power in batteries for use when the power grid goes down or if you are not on the grid.  These hybrid systems offer power to offset the grid power whenever the sun is shining and will even send excess power to the grid for credit for later use.

Look At The Components For Both Solar Systems

Let us understand these terms:

1. Solar Panel

emi on solar panel without credit card

Solar Panel designed to absorb the rays of the sun as a source of energy for generating heating or electricity.

2. Solar Inverter

solar inverter

Solar Inverter is also known as PV inverter, which is used to converts the variable direct current output of photovoltaic solar panel into a utility frequency alternating current that can be fed into commercial electrical grid or used by the local, off-grid electric network.

3. Solar Battery

battery for home inverter

Solar battery is a device that converts solar radiation into electricity.

4. Mounting Structure

emi on solar panel stand or mounting structure without credit card

Mounting Structure is nothing but just a supporting structure that holds the solar panels or arrays of solar panels to the ground.

5. Solar Accessories

emi on solar accessories without credit card

Solar Accessories to complete your solar setup, accessories such as brackets, mounts, and tools, etc.

6. AC Module

emi on solar ac module without credit card

These AC modules are defined by Underwriters Laboratories as the smallest and most complete system for harvesting solar energy. Which produce AC power without exterior DC connector.

Some common Queries and their simplest solutions

 

How can I buy Solar Systems on EMI?

 

    There are two ways to buy a solar system without paying prepaid money, such as EMI & Loan.  

    a. Credit Card:

    emi option for solar system with credit card

     

    First, if you have these banks credit card, such as CBI, Kotak Mahindra Bank, ICICI, Axis Bank, Induslnd Bank, HSBC, Corporation Bank, Standard Charted Bank, American Bank, HDFC bank, City Bank, SBI Bank, and Yes Bank, you can easily shop solar energy products for home and business. Below are some important steps, you have to follow:

     

    Step 1: Must have credit card

     

    Step 2: Visit Loom Solar Website, Simply choose any product which do you want to buy. On the make a payment page, you will see multiple bank emi options. You should have credit card of listed banks. In above section, we have given a list of available bank's name.

     

    Step 3: Choice of 3 or 6 month EMI plans

     

    Step 4: Zero Interest charges!

    b. Bajaj Finserv

    solar panel on bajaj card

    Secondly, if you don't have credit card and you are planning to buy solar system for home, in this case, you have second option - Bajaj Finserv. It is totally different from credit card. You should have Bajaj Finserv card. If you have, contact to nearest Bajaj Authorized Shop and make this card. After making this card, you can easily buy solar products. Below are some important steps, you have to follow:

     

    Step 1: For this, you must have a Bajaj Card.

     

    Step 2: Of course, you must have sufficient credit, as you want to know a product’s price.

     

    Step 3: In the end, you just need to contact to Loom Solar Team and confirm the order. For any support, fill free to call us at 8750 77 88 00.

    c. Home Credit / Loan

    home credit

    And, you have neither Credit Card nor Bajaj Card, then you have the last option is Home Credit (Loan). Yes, many banks are giving Loans to buy solar system. For this, you should contact your nearest bank branch. Below are some important steps, you have to follow:

     

    Step 1: Firstly, you will need Quotation of any trusted solar company

     

    Step 2: Secondly, visit Nearest Bank with Quotation and Valid Id Proof (such as Source of Income, Aadhar Card, PAN card, Cancelled Cheque, Photos, etc.)

     

    Step 3: After that, Bank will verify all documents and after verification, Bank will transfer the amount to the company.

    EMI Compression Chart

     

    Suppose you are buying single AC Module and its price is Rs. 25,000. So, we are showing all numbers according to Rs. 25,000.

     

    Bajaj Finance for solar panel

     EMI Options for Solar Panel with Axis Credit Card

    emi options for solar panels with citi banks credit card

    emi options for solar panels on hdfc bank credit cards

    emi options for ICICI Bank credit card

      

    How much it will take full time for all processes?

     

    1. Credit Card – On the spot
    2. Bajaj Finserv – On the spot
    3. Home Credit – Approx. 7 days

     

    planning to install solar panel for home and business

    Is this system secure?

     

    YES, completely secure – As, in this case, the customer can complain to authorize card customer care against the company, then the bank will verify all details and transactions.

     

    Can Loom Solar Partners Sell Solar Systems on EMI?

     

    YES, at present only Bajaj Finance Ltd started the services to provide the EMI services on Solar System out of other brands. To use these services, our partner must have the customer and his Bajaj Card details, then he will contact to Loom Solar representative. Loom Solar is an Authorized eShop Partner of Bajaj where the buyers can easily buy solar power products at EMI and our partner will receive his commission. For any support, Please feel free to contact us if you need any further information.

    Conclusion

    Buying a solar system involves a huge initial investment. Though there are many advantages of installing a solar system, its price still remains one of the biggest hurdles for investors thinking of going solar. Buying a solar system on installments will release some of the financial pressure and will act as an enabler for many potential users, who usually postpone investing in a solar power system to address their more critical financial needs.

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    48 comments

    Joginder Singh

    Joginder Singh

    I would like to install a solar system about 3 KW pl tell me aptox. Cost, Any down payment and EMI for 12 months.

    Ajay sagr

    Ajay sagr

    5 kw on grid

    Deepak Kumar gond

    Deepak Kumar gond

    10kW solar panels attachaki chlana hi

    Amit Pillewan

    Amit Pillewan

    9146642770

    ram kumar sharma

    ram kumar sharma

    Dear, sir
    solar system on EMI is good concept. solar panel system is store electricity.please tell all process.

    Ansar Ali

    Ansar Ali

    500watt approx solar panels with inverter battery
    What’s price at instalment
    Whatsapp 9794433552

    Ansar Ali

    Ansar Ali

    500watt approx solar panels with inverter battery
    What’s price at instalment
    Whatsapp 9794433552

    Ansar Ali

    Ansar Ali

    500watt approx solar panels with inverter battery
    What’s price at instalment
    Whatsapp 9794433552

    Jeet Singh

    Jeet Singh

    5 kw of grid system

    Gyaneshwar Kaushik

    Gyaneshwar Kaushik

    I am interested solar system on emi bassi

    Gaurav sharma

    Gaurav sharma

    I want loan processing machine

    Mukesh Kumar

    Mukesh Kumar

    330 watt ×2 solar panel in EMI it’s possible

    Nandan Kumar

    Nandan Kumar

    Utl battery ki seat per lena hai

    Arjun Sharma

    Arjun Sharma

    Salar with inverter

    Hemant Nishad

    Hemant Nishad

    I need a solar system inverter with battery on 0 down payment finance through HDFC. Is it possible?

    Satveer

    Satveer

    Dear sir
    We would like inform to you that as per below I am in hometown Rawatsar city Hanumangarh District Rajasthan
    My shop Automobiles pls. Soler panel and battery system Finance code provide

    EUREKA STAR MARKETING CO

    EUREKA STAR MARKETING CO

    I am interested your company product saling please contact immediately.

    ABDUL Rafeek

    ABDUL Rafeek

    ഞാൻ Emi പ്ലൻ വഴി 2 KV ഓൺ ഗ്രിഡ് സോളാർ സിസ്റ്റം വാങ്ങാൻ ആഗ്രഹിക്കന്നു ,അതിന്ന് വേണ്ട കാര്യങ്ങൾ പറഞ്ഞ് തന്നാലും

    Dhasarathan

    Dhasarathan

    I want solar inverter

    Bawan Bihari Sahish

    Bawan Bihari Sahish

    1.5 kw..i want to buy

    Hemant

    Hemant

    Sir,
    I want to install 1-2 kv Solar system in my newly hospital so plz give me a good suggestion for installation this Solar system and tell about these prices

    Upendra Kumar Mohapatra

    Upendra Kumar Mohapatra

    I want to start loom solar business please contact me to my e-mail,

    Madankumar

    Madankumar

    Can you please explain for me what is the price what is benefit

    Sufiyan Falahi

    Sufiyan Falahi

    Please call me 9720000350

    Gurdeep Singh

    Gurdeep Singh

    want to start loom solar business pls contact me 8699782706

    Rajesh Kumar

    Rajesh Kumar

    Emi par hai kua

    Rajesh Kumar

    Rajesh Kumar

    Emi par hai kua

    Prem gupta

    Prem gupta

    What cost of 1kv solar panel 24 volt

    Vivid Kumar

    Vivid Kumar

    For distributor ship

    Kaushik Mondal

    Kaushik Mondal

    I want to start loom solar business pls contact me 9593596427

    mahavirbarwal

    mahavirbarwal

    20kw ricvarment 8769994620

    Subhash Bamaniya

    Subhash Bamaniya

    Dealership

    Rakesh Kumar Meena

    Rakesh Kumar Meena

    Me be ajent banna chahat hu kayoki 50 sistm legege Amar’e gav me

    Sumit Das

    Sumit Das

    I..want..to..start..loom..solar..business…..want…to…sell….solar…product..pls…call…me…7908141566.

    Harindra Kumar

    Harindra Kumar

    I am interested 1 kilowatt solar system

    Suraj

    Suraj

    Dr.sir solar mb no 7011983675
    9654111037

    Amit Kumar

    Amit Kumar

    500 watt EMI kya MRP lgega mere pass Bajaj card bhi hai axis bank account bhi hai

    Nilkamal Bhattacharya

    Nilkamal Bhattacharya

    Please I am intersted for franchise in westbengal please contuct me whattapp 8820320494

    Pravin Alimkar

    Pravin Alimkar

    Dear sir,
    Solar sysem on EMI good concept. Please tell about rate of interest and processing fees and any others cost detail.

    vikky

    vikky

    want to buy flinslin solar inverter so please conatct me 9561261661
    Sukanta Indu

    Sukanta Indu

    I want solar system for my house.
    This product parches in bajaj EMI available.
    Please contact my mobile number 9804039877.

    George

    George

    I like to take a franchise from you to do solar business I also have enough experience in this field please send me details thank you

    George

    George

    I like to take a franchise from you to do solar business I also have enough experience in this field please send me details thank you

    George

    George

    I like to take a franchise from you to do solar business I also have enough experience in this field please send me details thank you

    George

    George

    I like to take a franchise from you to do solar business I also have enough experience in this field please send me details thank you

    George

    George

    I like to take a franchise from you to do solar business I also have enough experience in this field please send me details thank you

    Chandrakanth S S

    Chandrakanth S S

    Dear sir,
    Solar sysem on EMI good concept. Please tell about rate of interest and processing fees and any others cost.

    NANDHAKUMAR

    NANDHAKUMAR

    For business send me details pls

    Leave a comment

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