5-Year Solar Panel Installment Plan Launches in Pakistan – September 2024

Energy Box
Sep 19, 2024
1 min read

Pakistan saw massive shift toward solar energy amid soaring electricity prices and frequent power cuts, while the prices of solar systems also moved down amid abundance of supply in local markets.

Solar shift is also fueled by tax reductions on solar panel imports by incumbent government. As people are looking for solar on easy installment plans, several commercial banks are offering new financing option for solar installations.

One of the option Bank Alfalah Solar Plan facility which was designed for solar panel systems. It allows Pakistanis to cut utility bills and customers will get half million for 5-year repayment period. The plan offered structured and manageable approach to investing in solar energy.

Solar Panel Installment Plans in Pakistan

Financing Details	Description
Bank Alfalah Solar Financing	Financing for solar systems ranging from 4 KW to 1000 KW with net metering.
Loan Amount	Rs 500,000
Repayment Tenure	5 years
Monthly Installment	Rs 14,636
Total Installments	60 installments

Solar System Price in Pakistan

System	Models	Price
3kW Hybrid	SolarMax	Rs375,000
	Inverex	Rs450,000
6kW Hybrid	SolarMax	Rs625,000
	Inverex	Rs750,000
8kW Hybrid	SolarMax	Rs8500,000
	Inverex	Rs1,020,000
10kW Hybrid	SolarMax	Rs1,050,000
	Inverex	Rs1,375,000
12kW Hybrid	Inverex	Rs1,500,000
	SolarMax	Rs1,650,000