Installing a solar panel system for producing electricity in Pakistan amidst higher electricity prices and frequent load shedding can be a highly beneficial investment for people.
Solar panels can significantly reduce electricity bills since you are independently generating your own electricity from sunlight rather than relying on the national grid.
During power outages, solar panels provides uninterrupted supply electricity whole the day and it can benefit you in night if the batteries are installed.
In many countries, including Pakistan, governments offer incentives, subsidies, or tax breaks for installing solar panels. In budget for fiscal year 2024-25, the government has also proposed reduction in taxes on solar panel imports.
Solar panels have a long lifespan and they can provide clean energy for approximately two decades.
Various banks in Pakistan are offering financing for installation of solar panel system but here we have gathered details of installment plan being offered by the Bank Alfalah.
The Bank Alfalah offers financing for solar system ranging from 4 KW to 1000KW with net metering. If you are availing financing of Rs500,000 for five years.
Under the five-year installment plan, the applicant will pay 60 installment of Rs14,636 per month.
You can calculate the installment plan on their own by clicking here.
