Global Solar Loan EMI & Subsidy Tool
Estimate monthly payments and available solar subsidies – no currency symbols, just numbers.
✨ NOTE: This tool provides estimates for educational purposes only. Actual subsidies and loan terms depend on government policies, eligibility, and lender criteria.
📊 Formulas:
• EMI = [P × r × (1+r)^n] / [(1+r)^n – 1], where P = net loan (cost – down payment – subsidy), r = monthly interest rate (annual/12/100), n = tenure in months.
💡 Subsidy rules (simplified):
• USA: 30% federal tax credit of system cost.
• UK: No general upfront subsidy (0).
• India: For ≤3kW: 40% of cost; 3–10kW: 20% of cost.
• Germany: 0 (KfW loans may offer low rates, no direct subsidy).
• Australia: STCs – approx $500 per kW.
• France: 0 (tax credits may apply but not modelled).
• Other: 0 (assumed).
🔒 Privacy first: All calculations happen locally in your browser. No data is sent to any server.
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