If you you tired of skyrocketing electricity bills and frequent power cuts. It’s good time to invest in solar energy as prices fall amid abundance of supply.
With government incentives like tax reductions on solar panel imports, it is said to be the perfect moment to make the switch. If you are unable to pay the whole amount in one go, there are plenty of options to pick as several banks are offering different plans.
3kw Hybrid Solar System costs around Rs500,000 with batteries and you can pay the amount in manageable 5-year repayment period.
Solar Installment Plans 2024
3kW Hybrid System with Batteries
| Year | Total Installments | Monthly Payment Range | Average Monthly Payment |
| 1 | 12 | 10,452 – 11,567 | Rs10,979 |
| 2 | 12 | 9,617 – 10,504 | Rs10,137 |
| 3 | 12 | 8,394 – 9,440 | Rs8,842 |
| 4 | 12 | 7,365 – 8,377 | Rs7,749 |
| 5 | 12 | 6,336 – 7,313 | Rs6,825 |
Key Points
- Total Duration: 5 Years
- Total Number of Installments: 60
- Total Quotation Amount: Rs. 500,000
- Down Payment: Rs. 125,000
5kW Solar Panel System
| Year | Total Installments | Monthly Payment Range | Average Monthly Payment |
| 1 | 12 | 20,904 – 23,134 | Rs21,643 |
| 2 | 12 | 18,846 – 21,007 | Rs19,632 |
| 3 | 12 | 16,788 – 19,544 | Rs17,735 |
| 4 | 12 | 15,159 – 16,754 | Rs15,817 |
| 5 | 12 | 12,672 – 14,272 | Rs13,406 |
Key Points
- Total Duration: 5 Years
- Total Number of Installments: 60
- Total Quotation Amount: Rs. 1,000,000
- Down Payment: Rs. 250,000
Note: The above-mentioned Solar Installment plan is with Meezan Bank
Solar System Rates in Pakistan
| Solar Size | Price Range | Unit Production |
|---|---|---|
| 3 kW | 430,000 – 525,000 | 300+ units |
| 5 kW | 750,000 – 850,000 | 500+ units |
| 10 kW | 1,050,000 – 1,450,000 | 1200 – 1400 units |
Big drop in Solar Rates across Pakistan; September Price Update
