5kw solar panel updated installment plan for salaried persons [May 2025]

LAHORE – A 5 kilowatt solar system is usually recommended for a small house of office with modest electricity consumption as it can power a 1.5ton inverter AC, refrigerator, LED, two fans and other home appliances.

As per the data available online, the 5kw setup has the capacity of generating up to 20 units per day or 600 units per month and it can significantly reduce the electricity bills of the small households.

To setup the 5kw system, a user will need to buy 9-10 solar plates of 590-watt, inverter, electricity cable, and others.

The setup approximately costs the buyer Rs700,000 to Rs800,000 as rates vary due to the quality of plates, inverter and other items.

Such higher cost makes it difficult for salaried people to get the solar system installed in single payment. However, the Meezan Bank has made it easier for them to own the solar system on easy installments.

The bank said its Solar Panel Financing Program is designed to provide you with affordable and accessible options to invest in renewable energy while also saving money on your energy bills.

Meezan Solar offers financing of complete solar panel systems for your home. You can lower your monthly electricity bill by up to 50%, by availing an interest-free solar financing solution.

5kw Solar System Three Years Installment Plan

The Meezan Bank offers an easy three-year installment plan to the salaried people for the solar system worth Rs700,000.

Under the plan, the buyer will pay Rs245,000 in wake of the down payment with starting installment standing at Rs18,350 while the last or 36th installment will be Rs12,792. Following is the tentative installment plan: