Business

Bank Alfalah’s 5-year solar panel installment plan (Sep 2024), Details inside

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Staff Reporter

2 years ago

ISLAMABAD: Pakistan has witnessed a significant shift towards solar energy, driven by skyrocketing electricity prices and frequent power cuts. The abundance of supply in local markets has led to a decrease in solar system prices.

Furthermore, the government’s tax reductions on solar panel imports have accelerated this trend. To cater to the growing demand, several commercial banks now offer financing options for solar installations. One such option is Bank Alfalah’s Solar Plan facility, designed specifically for solar panel systems.

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

With Bank Alfalah’s Solar Plan and other similar financing options, Pakistanis can now harness the power of solar energy without upfront costs, making sustainable living more accessible.

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

Soaring electricity prices and frequent power cuts drive Pakistanis towards solar energy. Prices drop amid abundant supply and tax reductions.

Bank Alfalah’s Solar Plan offers affordable financing (up to PKR 0.5 million, 5-year repayment) for solar installations, making sustainable living accessible.

Staff Reporter