LAHORE – Increasing electricity cost amid loadshedding during summer season has forced people to switch to solar energy by cutting dependency on national grid.
Installing the solar setup for residential or commercial use not only saves the owners from higher taxes on bills but also provide electricity round the clock.
You can get installed the solar system keeping in view their needs as it is available in different capacities.
5kw solar system price in Pakistan
The 5 kilowatt on-grid solar system is mostly installed by residential customers as it suits them in terms of capacity and affordability.
Roughly, the price of 5kva solar system in Pakistan starts from Rs770,000 depending on quality of solar panels, inverter, structure and other components.
You can run a 1.5ton AC, fridge, fans and lights with the 5KW solar system.
5kw solar system Installment Plan with Meezan Bank
Meezan Bank 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.
To determine the payment plan for 5kw solar system, we have selected the estimated amount of Rs800,000. Following is the three year payment plan with 25% advance payment for salaries person:
The applicant will pay Rs200,000 as down payment while the installments will start from Rs27,860 while the final installment will be Rs16,998.
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 ranges 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, Alfalah, are offering financing for solar system.
What is the cost of 5kW solar system in Pakistan?
Roughly, the price of 5kva solar system in Pakistan starts from Rs770,000 depending on quality of solar panels, inverter, structure and other components.
You can get details about required documents by clicking here.