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LAHORE: People have been compelled to convert to solar energy to reduce their reliance on the national grid due to rising electricity costs and load shedding during the summer.
Installing a solar system for personal or business use provides electricity 24/7 to save the owners from additional taxes on bills.
You can install the solar system keeping in view the needs as it is available in different capacities.
Residential clients are the ones who install most 5-kilowatt on-grid solar systems because of their cost and capacity.
A 5kva solar system in Pakistan typically costs around Rs770,000, depending on the caliber of the inverter, framework, solar panels, and other parts.
The 5KW solar system can power a fridge, fans, lights, and a 1.5-ton air conditioner.
Financing for full solar panel systems for your house is available from Meezan Bank. By taking advantage of an interest-free solar financing option, you can reduce your monthly electricity bill by up to 50%.
For the 5 kW solar system, they have chosen an expected payment plan of Rs 800,000 to be paid over time. The three-year payment schedule, which includes a 25% advance payment for salaries individual, is as follows:
A down payment of Rs 200,000 will be paid by the applicant, with the remaining payments starting at Rs 27,860 and ending at Rs 16,998.
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 the 3.6 kW solar system in Pakistan range between Rs450,000 to Rs550,000, depending on the quality of the components.
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.
Category: | Salaried |
Quotation Amount: | Rs. 550,000 |
Down Payment: | Rs. 137,500 |
Tenure: | 3 Years |
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?
Yes, various banks, including Meezan Bank, JS Bank, Askari, HBL, Alfalah, are offering installments plans for solar systems.
Which bank is financing solar systems in Pakistan?
All major banks including Allied Bank, Meezan Bank, JS Bank, Askari, HBL, and Alfalah, are offering financing for solar systems.
What is the cost of 5kW solar system in Pakistan?
Roughly, the price of a 5kva solar system in Pakistan starts from Rs770,000 depending on the quality of solar panels, inverter, structure, and other components.
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