Solar panel latest easy installment plan [June 2024 update]

Solar panel latest easy installment plan [June 2024 update]
Solar panel latest easy installment plan [June 2024 update]
A solar panel system installation can be a very profitable investment for individuals in Pakistan, especially in light of the country’s rising electricity costs and frequent power outages.

Since you are autonomously producing your own electricity from sunshine rather than depending on the national grid, solar panels can drastically lower your electricity expenses.

Solar panels can help you during blackouts by providing a steady source of electricity during the day. If batteries are installed, they can also help you at night.

Governments provide tax exemptions, subsidies, or other incentives for installing solar panels in several nations, including Pakistan. 

Additionally, the government has suggested lowering import duties on solar panels in the budget for the fiscal year 2024–2025. For over 20 years, solar panels may produce clean energy due to its extended lifespan.

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Many banks in Pakistan provide financing for the installation of solar panels; however, we have included information on the Bank Alfalah’s installment plan here.

Solar Panel Easy Installment Plan in Pakistan

Financing for solar systems with net metering, ranging from 4 KW to 1000 KW, is provided by Bank Alfalah. If you are eligible for a five-year, Rs. 500,000 loan.

The applicant would make 60 installment payments of Rs14,636 per month under the terms of the five-year installment plan.

 

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