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 |
