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Solar System Easy Installment Plan in Pakistan – June 2024

Solar panel prices in Pakistan

Solar System Easy Installment Plan in Pakistan – June 2024

  • Rising electricity costs are pushing people towards solar energy.
  • Installing solar setups saves owners from high taxes and ensures continuous electricity.
  • Solar systems can be tailored to specific needs and come in various capacities.

LAHORE – Rising electricity costs and summer loadshedding are driving people to switch to solar energy, reducing their reliance on the national grid.

Installing solar setups for homes or businesses saves owners from high taxes on bills and ensures 24/7 electricity.

Solar systems can be installed based on specific needs, as they are available in various capacities.

5kW solar system price in Pakistan

Residential customers often install 5-kilowatt on-grid solar systems due to their suitable capacity and affordability.

The price of a 5 kVA solar system in Pakistan starts at around Rs 770,000, depending on the quality of the solar panels, inverter, structure, and other components.

A 5kW solar system can power a 1.5-ton AC, a fridge, fans, and lights.

5kw solar system installation plan with Meezan Bank

Meezan Bank provides financing for complete solar panel systems for homes. By availing of this interest-free solar financing solution, you can reduce your monthly electricity bill by up to 50%.

We’ve chosen the estimated Rs800,000 for the 5kW solar system payment plan. Here’s the three-year plan with a 25% upfront payment for salaried individuals.

The applicant will make a down payment of Rs200,000, with installments starting at Rs27,860 and the final installment being Rs16,998.

Tentaive Payment Schedule
Installment # Installment Month Monthly Payment
1 July 2024 27,860
2 August 2024 27,912
3 September 2024 27,591
4 October 2024 26,927
5 November 2024 26,948
6 December 2024 26,305
7 January 2025 26,305
8 February 2025 25,984
9 March 2025 24,792
10 April 2025 25,342
11 May 2025 24,751
12 June 2025 24,699
13 July 2025 24,129
14 August 2025 24,056
15 September 2025 23,735
16 October 2025 23,196
17 November 2025 23,093
18 December 2025 22,574
19 January 2026 22,450
20 February 2026 22,129
21 March 2026 21,310
22 April 2026 21,486
23 May 2026 21,020
24 June 2026 20,843
25 July 2026 20,398
26 August 2026 20,201
27 September 2026 19,880
28 October 2026 19,465
29 November 2026 19,237
30 December 2026 18,843
31 January 2027 18,594
32 February 2027 18,273
33 March 2027 17,827
34 April 2027 17,631
35 May 2027 17,289
36 June 2027 16,988

3.6kw solar system price in Pakistan

The prices of 3.6 kW solar systems in Pakistan vary from Rs450,000 to Rs550,000, depending on the quality of the components used.

This setup is enough to run a 1 ton AC, fridge, fans and lights.

3.6kw solar system Installment Plan with Meezan Bank

We have selected a tentative amount of Rs550,000 to get the installment plan for the 3.6kw system.

Solar Panel Payment Plan Summary
Category: Salaried
Quotation Amount: Rs. 550,000
Down Payment: Rs. 137,500
Tenure: 3 Years
Tentaive Payment Schedule
Installment # Installment Month Monthly Payment
1 July 2024 19,154
2 August 2024 19,189
3 September 2024 18,969
4 October 2024 18,513
5 November 2024 18,527
6 December 2024 18,085
7 January 2025 18,085
8 February 2025 17,864
9 March 2025 17,045
10 April 2025 17,422
11 May 2025 17,016
12 June 2025 16,981
13 July 2025 16,589
14 August 2025 16,539
15 September 2025 16,318
16 October 2025 15,947
17 November 2025 15,876
18 December 2025 15,520
19 January 2026 15,434
20 February 2026 15,213
21 March 2026 14,651
22 April 2026 14,772
23 May 2026 14,451
24 June 2026 14,330
25 July 2026 14,023
26 August 2026 13,888
27 September 2026 13,667
28 October 2026 13,382
29 November 2026 13,225
30 December 2026 12,955
31 January 2027 12,784
32 February 2027 12,563
33 March 2027 12,256
34 April 2027 12,121
35 May 2027 11,886
36 June 2027 11,679

Is solar panel available on installments?

Various banks in Pakistan, such as Meezan Bank, JS Bank, Askari Bank, HBL, and Bank Alfalah, offer installment plans for solar systems.

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Which bank is financing solar systems in Pakistan?

Major banks in Pakistan, including Allied Bank, Meezan Bank, JS Bank, Askari Bank, HBL, and Bank Alfalah, offer financing options for solar systems.

What is the cost of 5kW solar system in Pakistan?

The approximate price of a 5kVA solar system in Pakistan starts from around Rs770,000, which can vary based on the quality of solar panels, inverter, structure, and other components included in the system.