{"id":40298,"date":"2024-06-22T13:23:22","date_gmt":"2024-06-22T08:23:22","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=40298"},"modified":"2024-06-22T13:23:22","modified_gmt":"2024-06-22T08:23:22","slug":"solar-system-latest-installment-plan-with-meezan-bank-details-inside","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/solar-system-latest-installment-plan-with-meezan-bank-details-inside\/","title":{"rendered":"Solar system latest installment plan with Meezan Bank: details inside"},"content":{"rendered":"<p>LAHORE: People have been compelled to convert to solar energy to reduce their reliance on the national grid due to rising electricity costs and load shedding during the summer.<\/p>\n<p>Installing a solar system for personal or business use provides electricity 24\/7 to save the owners from additional taxes on bills.<\/p>\n<p>You can install the solar system keeping in view the needs as it is available in different capacities.<\/p>\n<h1>5kw <a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/budget-2024-25-sindh-government-announces-free-solar-systems-for-26lac-families\/\">solar<\/a> system price in Pakistan<\/h1>\n<p>Residential clients are the ones who install most 5-kilowatt on-grid solar systems because of their cost and capacity.<br \/>\nA 5kva solar system in Pakistan typically costs around Rs770,000, depending on the caliber of the inverter, framework, solar panels, and other parts.<\/p>\n<p>The 5KW solar system can power a fridge, fans, lights, and a 1.5-ton air conditioner.<\/p>\n<h1>5kw <a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/karachi\/sindh-govt-launches-floating-solar-project\/\">solar<\/a> system Installment Plan with Meezan Bank<\/h1>\n<p>Financing for full solar panel systems for your house is available from Meezan Bank. By taking advantage of an interest-free solar financing option, you can reduce your monthly electricity bill by up to 50%.<\/p>\n<p>For the 5 kW solar system, they have chosen an expected payment plan of Rs 800,000 to be paid over time. The three-year payment schedule, which includes a 25% advance payment for salaries individual, is as follows:<br \/>\nA down payment of Rs 200,000 will be paid by the applicant, with the remaining payments starting at Rs 27,860 and ending at Rs 16,998.<\/p>\n<p>&nbsp;<\/p>\n<table class=\"table table-striped payment-summary\" width=\"571\">\n<caption class=\"text-center font-bold\">Tentative Payment Schedule<\/caption>\n<tbody>\n<tr>\n<th>Installment #<\/th>\n<th>Installment Month<\/th>\n<th>Monthly Payment<\/th>\n<\/tr>\n<\/tbody>\n<tbody>\n<tr>\n<td>1<\/td>\n<td>July 2024<\/td>\n<td>27,860<\/td>\n<\/tr>\n<tr>\n<td>2<\/td>\n<td>August 2024<\/td>\n<td>27,912<\/td>\n<\/tr>\n<tr>\n<td>3<\/td>\n<td>September 2024<\/td>\n<td>27,591<\/td>\n<\/tr>\n<tr>\n<td>4<\/td>\n<td>October 2024<\/td>\n<td>26,927<\/td>\n<\/tr>\n<tr>\n<td>5<\/td>\n<td>November 2024<\/td>\n<td>26,948<\/td>\n<\/tr>\n<tr>\n<td>6<\/td>\n<td>December 2024<\/td>\n<td>26,305<\/td>\n<\/tr>\n<tr>\n<td>7<\/td>\n<td>January 2025<\/td>\n<td>26,305<\/td>\n<\/tr>\n<tr>\n<td>8<\/td>\n<td>February 2025<\/td>\n<td>25,984<\/td>\n<\/tr>\n<tr>\n<td>9<\/td>\n<td>March 2025<\/td>\n<td>24,792<\/td>\n<\/tr>\n<tr>\n<td>10<\/td>\n<td>April 2025<\/td>\n<td>25,342<\/td>\n<\/tr>\n<tr>\n<td>11<\/td>\n<td>May 2025<\/td>\n<td>24,751<\/td>\n<\/tr>\n<tr>\n<td>12<\/td>\n<td>June 2025<\/td>\n<td>24,699<\/td>\n<\/tr>\n<tr>\n<td>13<\/td>\n<td>July 2025<\/td>\n<td>24,129<\/td>\n<\/tr>\n<tr>\n<td>14<\/td>\n<td>August 2025<\/td>\n<td>24,056<\/td>\n<\/tr>\n<tr>\n<td>15<\/td>\n<td>September 2025<\/td>\n<td>23,735<\/td>\n<\/tr>\n<tr>\n<td>16<\/td>\n<td>October 2025<\/td>\n<td>23,196<\/td>\n<\/tr>\n<tr>\n<td>17<\/td>\n<td>November 2025<\/td>\n<td>23,093<\/td>\n<\/tr>\n<tr>\n<td>18<\/td>\n<td>December 2025<\/td>\n<td>22,574<\/td>\n<\/tr>\n<tr>\n<td>19<\/td>\n<td>January 2026<\/td>\n<td>22,450<\/td>\n<\/tr>\n<tr>\n<td>20<\/td>\n<td>February 2026<\/td>\n<td>22,129<\/td>\n<\/tr>\n<tr>\n<td>21<\/td>\n<td>March 2026<\/td>\n<td>21,310<\/td>\n<\/tr>\n<tr>\n<td>22<\/td>\n<td>April 2026<\/td>\n<td>21,486<\/td>\n<\/tr>\n<tr>\n<td>23<\/td>\n<td>May 2026<\/td>\n<td>21,020<\/td>\n<\/tr>\n<tr>\n<td>24<\/td>\n<td>June 2026<\/td>\n<td>20,843<\/td>\n<\/tr>\n<tr>\n<td>25<\/td>\n<td>July 2026<\/td>\n<td>20,398<\/td>\n<\/tr>\n<tr>\n<td>26<\/td>\n<td>August 2026<\/td>\n<td>20,201<\/td>\n<\/tr>\n<tr>\n<td>27<\/td>\n<td>September 2026<\/td>\n<td>19,880<\/td>\n<\/tr>\n<tr>\n<td>28<\/td>\n<td>October 2026<\/td>\n<td>19,465<\/td>\n<\/tr>\n<tr>\n<td>29<\/td>\n<td>November 2026<\/td>\n<td>19,237<\/td>\n<\/tr>\n<tr>\n<td>30<\/td>\n<td>December 2026<\/td>\n<td>18,843<\/td>\n<\/tr>\n<tr>\n<td>31<\/td>\n<td>January 2027<\/td>\n<td>18,594<\/td>\n<\/tr>\n<tr>\n<td>32<\/td>\n<td>February 2027<\/td>\n<td>18,273<\/td>\n<\/tr>\n<tr>\n<td>33<\/td>\n<td>March 2027<\/td>\n<td>17,827<\/td>\n<\/tr>\n<tr>\n<td>34<\/td>\n<td>April 2027<\/td>\n<td>17,631<\/td>\n<\/tr>\n<tr>\n<td>35<\/td>\n<td>May 2027<\/td>\n<td>17,289<\/td>\n<\/tr>\n<tr>\n<td>36<\/td>\n<td>June 2027<\/td>\n<td>16,988<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2>3.6kw solar system price in Pakistan<\/h2>\n<p>The prices of the 3.6 kW solar system in Pakistan range between Rs450,000 to Rs550,000, depending on the quality of the components.<\/p>\n<p>This setup is enough to run a 1-ton AC, fridge, fans, and lights.<\/p>\n<h2>3.6kw <a href=\"https:\/\/dailyausaf.com\/en\/business\/citizens-using-300-units-per-month-to-get-free-solar-systems-details-inside\/\">solar<\/a> system Installment Plan with Meezan Bank<\/h2>\n<p>We have selected a tentative amount of Rs550,000 to get the installment plan for the 3.6kw system.<\/p>\n<div class=\"code-block code-block-3\"><\/div>\n<div class=\"container\">\n<table class=\"table table-striped payment-summary\">\n<caption class=\"text-center font-bold\">Solar Panel Payment Plan Summary<\/caption>\n<tbody>\n<tr>\n<td class=\"font-bold\">Category:<\/td>\n<td>Salaried<\/td>\n<\/tr>\n<tr>\n<td class=\"font-bold\">Quotation Amount:<\/td>\n<td>Rs. 550,000<\/td>\n<\/tr>\n<tr>\n<td class=\"font-bold\">Down Payment:<\/td>\n<td>Rs. 137,500<\/td>\n<\/tr>\n<tr>\n<td class=\"font-bold\">Tenure:<\/td>\n<td>3 Years<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<div class=\"container\">\n<table class=\"table table-striped payment-summary\" width=\"546\">\n<caption class=\"text-center font-bold\">Tentative Payment Schedule<\/caption>\n<tbody>\n<tr>\n<th>Installment #<\/th>\n<th>Installment Month<\/th>\n<th>Monthly Payment<\/th>\n<\/tr>\n<\/tbody>\n<tbody>\n<tr>\n<td>1<\/td>\n<td>July 2024<\/td>\n<td>19,154<\/td>\n<\/tr>\n<tr>\n<td>2<\/td>\n<td>August 2024<\/td>\n<td>19,189<\/td>\n<\/tr>\n<tr>\n<td>3<\/td>\n<td>September 2024<\/td>\n<td>18,969<\/td>\n<\/tr>\n<tr>\n<td>4<\/td>\n<td>October 2024<\/td>\n<td>18,513<\/td>\n<\/tr>\n<tr>\n<td>5<\/td>\n<td>November 2024<\/td>\n<td>18,527<\/td>\n<\/tr>\n<tr>\n<td>6<\/td>\n<td>December 2024<\/td>\n<td>18,085<\/td>\n<\/tr>\n<tr>\n<td>7<\/td>\n<td>January 2025<\/td>\n<td>18,085<\/td>\n<\/tr>\n<tr>\n<td>8<\/td>\n<td>February 2025<\/td>\n<td>17,864<\/td>\n<\/tr>\n<tr>\n<td>9<\/td>\n<td>March 2025<\/td>\n<td>17,045<\/td>\n<\/tr>\n<tr>\n<td>10<\/td>\n<td>April 2025<\/td>\n<td>17,422<\/td>\n<\/tr>\n<tr>\n<td>11<\/td>\n<td>May 2025<\/td>\n<td>17,016<\/td>\n<\/tr>\n<tr>\n<td>12<\/td>\n<td>June 2025<\/td>\n<td>16,981<\/td>\n<\/tr>\n<tr>\n<td>13<\/td>\n<td>July 2025<\/td>\n<td>16,589<\/td>\n<\/tr>\n<tr>\n<td>14<\/td>\n<td>August 2025<\/td>\n<td>16,539<\/td>\n<\/tr>\n<tr>\n<td>15<\/td>\n<td>September 2025<\/td>\n<td>16,318<\/td>\n<\/tr>\n<tr>\n<td>16<\/td>\n<td>October 2025<\/td>\n<td>15,947<\/td>\n<\/tr>\n<tr>\n<td>17<\/td>\n<td>November 2025<\/td>\n<td>15,876<\/td>\n<\/tr>\n<tr>\n<td>18<\/td>\n<td>December 2025<\/td>\n<td>15,520<\/td>\n<\/tr>\n<tr>\n<td>19<\/td>\n<td>January 2026<\/td>\n<td>15,434<\/td>\n<\/tr>\n<tr>\n<td>20<\/td>\n<td>February 2026<\/td>\n<td>15,213<\/td>\n<\/tr>\n<tr>\n<td>21<\/td>\n<td>March 2026<\/td>\n<td>14,651<\/td>\n<\/tr>\n<tr>\n<td>22<\/td>\n<td>April 2026<\/td>\n<td>14,772<\/td>\n<\/tr>\n<tr>\n<td>23<\/td>\n<td>May 2026<\/td>\n<td>14,451<\/td>\n<\/tr>\n<tr>\n<td>24<\/td>\n<td>June 2026<\/td>\n<td>14,330<\/td>\n<\/tr>\n<tr>\n<td>25<\/td>\n<td>July 2026<\/td>\n<td>14,023<\/td>\n<\/tr>\n<tr>\n<td>26<\/td>\n<td>August 2026<\/td>\n<td>13,888<\/td>\n<\/tr>\n<tr>\n<td>27<\/td>\n<td>September 2026<\/td>\n<td>13,667<\/td>\n<\/tr>\n<tr>\n<td>28<\/td>\n<td>October 2026<\/td>\n<td>13,382<\/td>\n<\/tr>\n<tr>\n<td>29<\/td>\n<td>November 2026<\/td>\n<td>13,225<\/td>\n<\/tr>\n<tr>\n<td>30<\/td>\n<td>December 2026<\/td>\n<td>12,955<\/td>\n<\/tr>\n<tr>\n<td>31<\/td>\n<td>January 2027<\/td>\n<td>12,784<\/td>\n<\/tr>\n<tr>\n<td>32<\/td>\n<td>February 2027<\/td>\n<td>12,563<\/td>\n<\/tr>\n<tr>\n<td>33<\/td>\n<td>March 2027<\/td>\n<td>12,256<\/td>\n<\/tr>\n<tr>\n<td>34<\/td>\n<td>April 2027<\/td>\n<td>12,121<\/td>\n<\/tr>\n<tr>\n<td>35<\/td>\n<td>May 2027<\/td>\n<td>11,886<\/td>\n<\/tr>\n<tr>\n<td>36<\/td>\n<td>June 2027<\/td>\n<td>11,679<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2>Is solar panel available on installments?<\/h2>\n<p>Yes, various banks, including Meezan Bank, JS Bank, Askari, HBL, Alfalah, are offering installments plans for solar systems.<\/p>\n<h2>Which bank is financing solar systems in Pakistan?<\/h2>\n<p>All major banks including Allied Bank, Meezan Bank, JS Bank, Askari, HBL, and Alfalah, are offering financing for solar systems.<\/p>\n<h2>What is the cost of 5kW solar system in Pakistan?<\/h2>\n<p>Roughly, the price of a 5kva solar system in Pakistan starts from Rs770,000 depending on the quality of solar panels, inverter, structure, and other components.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>LAHORE: People have been compelled to convert to solar energy to reduce their reliance on the national grid due to rising electricity costs and load shedding during the summer. Installing a solar system for personal or business use provides electricity 24\/7 to save the owners from additional taxes on bills. You can install the solar [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":40299,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[11412,11413,18865,18866],"class_list":["post-40298","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-solar-system","tag-solar-system-in-pakistan","tag-solar-system-latest-installment-plan","tag-solar-system-latest-installment-plan-with-meezan-bank"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/40298","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=40298"}],"version-history":[{"count":0,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/40298\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/40299"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=40298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=40298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=40298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}