Bank Loan for 1 MW Solar Power Plant in India – Complete Updated Guide 2026
Complete guide on Bank Loan for 1 MW Solar Power Plant in India – project cost, profit, subsidy, EMI calculation, best banks, eligibility & setup process explained in simple language.
Introduction – Bank Loan for 1 MW Solar Power Plant in India
India rapidly renewable energy ki taraf move kar raha hai aur solar power plant is transformation ka backbone ban chuka hai. Government ka target hai ki 2030 tak 500 GW renewable capacity achieve ki jaye, jisme solar ka sabse bada hissa hoga.
Agar aap 1 MW solar power plant lagane ka plan bana rahe ho, to ye ek high-investment project hai jiska cost approx ₹4–5 crore hota hai. Itni badi investment ko manage karne ke liye banks aur financial institutions bank loan for 1 MW solar power plant in India provide karte hain, saath hi government subsidy aur tax benefits bhi milte hain.
Is updated blog me aap janenge:
- Solar power plant kya hota hai
- 1 MW solar power plant kitni electricity produce karta hai
- Project cost, land requirement & technology options
- Bank loan, subsidy, eligibility & documents
- Step-by-step setup & loan application process
- India aur world ke largest solar power plants
What is Solar Power Plant?
Solar power plant ek aisa system hota hai jo sunlight ko direct electricity me convert karta hai using solar photovoltaic (PV) panels. Ye panels sunlight absorb karke DC electricity banate hain, jo inverter ke through AC me convert hoti hai aur grid ya load me supply hoti hai.
Types of Solar Power Plants
- Grid-Connected Solar Power Plant
- Off-Grid Solar Power Plant
- Hybrid Solar Power Plant
- Floating Solar Power Plant
Commercial scale par 1 MW solar power plant usually grid-connected hota hai.
1 MW Solar Power Plant Produces How Many Units?
India me average solar generation 4–5 units per kW per day hoti hai.
1 MW = 1000 kW
Daily Generation:
1000 × 4 = 4,000 units/day
Annual Generation:
4,000 × 365 ≈ 14–15 lakh units (1.4–1.5 million units)
Yahi electricity DISCOM ya private buyer ko bechi jati hai.
How Much Land Required for 1 MW Solar Power Plant?
Generally:
- 4 to 5 acres land per 1 MW required hota hai
Land flat honi chahiye, shadow-free area me aur grid substation ke paas hona advantage deta hai.
1 MW Solar Power Plant Cost in India
Average cost in 2026:
₹4 Crore – ₹5 Crore
Cost Breakdown
| Component | Approx Cost |
|---|---|
| Solar Panels | ₹2.5 – 3 Cr |
| Inverters | ₹40 – 60 Lakh |
| Mounting Structure | ₹25 – 30 Lakh |
| Land Development | ₹30 – 40 Lakh |
| Transmission Line | ₹30 – 40 Lakh |
| Miscellaneous | ₹20 – 30 Lakh |
1 Megawatt Solar Power Plant Cost vs 2 MW Solar Power Plant Cost
| Capacity | Approx Cost |
|---|---|
| 1 MW | ₹4 – 5 Cr |
| 2 MW | ₹7.5 – 9 Cr |
Larger projects me per MW cost thoda kam ho jata hai.
How to Set Up Solar Power Plant – Step-by-Step
- Land Identification
- Feasibility Study
- DPR Preparation
- PPA Signing
- Bank Loan Application
- Equipment Procurement
- Installation & Commissioning
- Grid Connectivity
How to Get Loan for Solar Power Plant?
Banks renewable energy projects ko priority sector me consider karte hain.
Major Lenders
- State Bank of India (SBI)
- Punjab National Bank (PNB)
- Canara Bank
- Bank of Baroda
- IREDA
- REC Limited
- Tata Capital
- L&T Finance
Bank Loan for 1 MW Solar Power Plant in India – Key Details
- Loan Coverage: 70–80%
- Interest Rate: 9% – 11%
- Tenure: 7–12 years
- Moratorium: 6–18 months
- Collateral: Project assets + land
Eligibility Criteria
- Individual / Company / LLP / Partnership
- CIBIL Score 700+
- Own or lease land
- PPA available
- DPR approved
Documents Required
- Aadhaar & PAN
- Company Registration
- DPR
- Land Papers
- PPA Copy
- Bank Statements
- Financial Statements
Government Subsidy for Solar Power Plant
- Central Financial Assistance (CFA)
- Accelerated Depreciation (40%)
- State Subsidy
- Net Metering
Subsidy mostly small-scale rooftop projects ke liye hoti hai, but incentives large projects ko bhi milte hain.
Solar Power Plant Diagram (Text Explanation)
Sunlight → Solar Panels → DC Power → Inverter → AC Power → Transformer → Grid / Load
Floating Solar Power Plant
Ye water surface par install hota hai.
Advantages:
- Land saving
- Higher efficiency
India me Ramagundam Floating Solar Project famous hai.
Largest Solar Power Plant in India
- Bhadla Solar Park, Rajasthan – 2,245 MW
World Largest Solar Power Plant
- Al Dhafra Solar Project, UAE (approx 2 GW)
Rewa Solar Power Plant
Location: Madhya Pradesh
Capacity: 750 MW
Gensol Engineering Solar Power Plant
Gensol Engineering India ki leading EPC company hai jo multiple MW scale solar projects develop karti hai.
Gensol Panchet Solar Power Plant
Jharkhand me located project jo industrial solar power supply karta hai.
Income from 1 MW Solar Power Plant
Annual Units: 15 lakh
Tariff: ₹4/unit
Annual Revenue:
15,00,000 × 4 = ₹60 lakh
With higher tariff PPAs, revenue ₹1.2–1.5 crore tak bhi ho sakta hai.
EMI Example
Loan: ₹3.75 Cr
Rate: 10%
Tenure: 10 years
Approx EMI: ₹4.95 lakh/month
Advantages of 1 MW Solar Power Plant
- Long-term income
- Low maintenance
- Tax benefits
- Environment friendly
Risks & Challenges
- Land acquisition
- Grid connectivity delay
- Tariff fluctuation
FAQs – Bank Loan for 1 MW Solar Power Plant in India
Q1. Bank loan kitna percent milta hai?
70–80%
Q2. Payback period kitna hota hai?
5–7 years
Q3. Subsidy milegi kya?
Indirect incentives available
Q4. Plant life kitni hoti hai?
25 years
Conclusion
Bank Loan for 1 MW Solar Power Plant in India ek powerful opportunity hai investors ke liye. Proper planning, DPR aur PPA ke saath agar apply kiya jaye to project financially strong aur sustainable ban sakta hai.
Solar energy sirf business nahi balki future investment hai.
👉 For official subsidy & guidelines, visit: MNRE India
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