Pakistan has experienced a significant shift towards solar energy due to rising electricity costs and frequent power outages, while the prices of solar systems have dropped thanks to an increased supply in local markets.
This transition has also been driven by government tax reductions on solar panel imports. As demand grows, many people are seeking solar energy through installment plans, and several commercial banks have introduced new financing options for solar installations.
One such option is Bank Alfalah's Solar Plan, designed specifically for solar panel systems. It helps Pakistanis reduce their utility bills by offering financing of up to half a million rupees with a five-year repayment period, providing a structured and manageable way to invest 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 |
