Bank Financing
Though solar panel prices have dropped to their lowest since 2020, there are still many hurdles for a common man to embrace the power of solar. One of the biggest challenges is the highest-ever inflation rate on basic items for living. Keeping in mind such circumstances, Buy Solar, in collaboration with all the commercial banks in Pakistan, offers to get solar panel installation for your home and business.
We are associated with all the major banks in Pakistan. The eligible citizens can install solar PV system from small 1kW to mega power plants of 1MW.
The State Bank initiative is particularly taken to promote the adaptation of renewable energy in Pakistan. Bank financing is available for all sectors including the domestic, commercial, industrial, and agriculture properties.
Thinking Solar on Installments? Let’s Make a Deal
BuySolar brings you an opportunity to install solar panels with an affordable instalment plan. We are affiliated with all the commercial banks in Pakistan. Under the State Bank of Pakistan’s solar financing scheme, individuals with bank accounts in the listed banks can easily get solar panels on instalment. BuySolar streamlines the financing process, handling everything from providing quotations, documentation, approval, to installation.
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Explore the Remarkable Benefits of Commercial Solar Systems for Your Business. Contact us on the given number and get free quotation.
Contact: 0307-7381381
Email: buysolarpakistan@gmail.com
Scope and Eligibility Criteria of State Bank of Pakistan solar Financing scheme
Every bank in Pakistan has its own way of providing financing schemes to its customers. That’s why BuySolar recommends that you thoroughly understand the scope and eligibility criteria of your bank. However, for better understanding, here we will discuss the rules and eligibility criteria set by the State Bank of Pakistan for solar system installation on instalments.
Scope
The goal to provide solar panels system on installments in is to encourage the common to switch to renewable energy sources for residential, commercial, industrial, and agricultural uses. This shift will provide various benefits to the country, including reduced dependency on foreign fuel for energy production. Solar finance projects in Pakistan will also allow individuals to have access to uninterrupted electricity at lower prices, as well as the option of selling excess generated electricity back to the grid.
Eligibility criteria
As the purpose of taking this initiative is to promote wider adoption of solar energy by simplifying the eligibility criteria for solar system installations. Obtaining solar panels on installments in Pakistan is straightforward, with minimal documentation required. The primary eligibility requirements are:
- The consumers must hold a computerized national identity card (CNIC).
- The consumer must own the house or business where the solar system is to be installed.
Mark up Rate
The State Bank of Pakistan understands the economic situation of Pakistan very well, which is why the bank has kept the markup rate minimum at just 6%. However, the actual rate can vary depending on the financing scheme offered by the relevant bank.