Solar Financing Pakistan

State Bank of Pakistan has initiated Solar Financing Pakistan, through Solar Financing in Pakistan get Rs. 500000/- PKR to PKR Rs. 10 Million PKR in Pakistan. SBP has issued revised criteria for SBP renewable energy financing in Pakistan in 2016. Through Solar Financing scheme, we can encourage people who are belonging to the industrial, commercial, residential, and agricultural sector to invest in renewable energy sources. Through Solar Financing in Pakistan we can facilitate our customers to purchase solar energy systems in Pakistan on easy month installments.

Scope

This program shall allow more people to use renewable energy sources, which will help in attaining a free and uninterrupted supply of electricity. The excess energy which is produced shall be available to other people through Net Metering so it will impact the whole nation.

Eligibility Criteria

The eligibility criteria to qualify for this program have been kept very simple and easy to cope with the original objective of the program that is to encourage more people to use renewable energy by making it affordable. The eligibility criteria contain only these two requirements:

Must hold a Computerized National Identity Card (CNIC)
Must be the owner of the business, and the house where the solar panel system is to be installed

Mark Up Rate

Solar Financing Pakistan

Mark Up Rate

The markup rate has been set economical to make sure more people can afford it, and become a part of this initiative. The markup rate has been decided 3+3=6 per annum by the SBP. The 3% can further be negotiated depending upon your relationship with your bank.

Rate of Refinance

Maximum bank/ DFI’s Spread

Maximum End User Rate

3.00%

6.00%

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Solar Financing Banks in Pakistan

Project Financing

If you cannot afford the solar system by paying right away, you can still afford to switch to solar with the help of the bank. Now the Solar Financing Banks in Pakistan provide monetary assistance under Solar Financing Scheme in Pakistan.

List of Solar Financing Banks in Pakistan

JS BANK
BANK of Punjab
BANK of Khyber
Habib Bank Limited

JS BANK

JS bank is a well-known bank and a supporter of Green Energy. When SBP launched the solar financing scheme, JS bank initiated two different programs to help people take control of their energy production needs and contribute to a safer environment.

The programs offered by JS Bank are as follows:
• JS Apna Ghar Solar Financing Program (residential program)
• JS Smart Roshni Program (commercial program)

Features of the Programs

Both of the programs launched by JS Bank have the following similar features:
Financing

Between Rs. 300,000 and Rs. 20 million, depending upon the size of the project.

Equity

Minimum 25% of the total amount

Mark-up rate

6% annually

Financing tenor

Between 3 and 5 years

Processing fee

Minimum PKR 5,000/- or 0.5% of the loan amount (whichever of the two is higher will be taken)

Insurance

Insurance offered through reputable partners at a preferential rate

Prerequisites to Get Financing:

• An account at JS Bank either Current or Savings
• Fulfillment & signing of the loan application form
• Obtain a quotation for a solar panel system from an authorized dealer
• Two recent passport size photographs
• Copy of CNIC
• CF-1 Undertaking Form to be fulfilled
• JS Solar Panel Key Fact Sheet of the program you have applied for
• Documents showing the ownership of the property along with recent utility bills
• Bank statements of a business or individual account
• Active tax payee with NTN number (especially for businesses)

BANK of Punjab

The Bank of Punjab, have started their financial assistance program in compliance with the State Bank of Pakistan solar financing program to help people switch to solar. For this purpose, they are giving financial assistance to people who want to get solar panel systems for their homes. They have named the program BOP Solar Home.

Features of the Program

Financing

Up to Rs. 5 million or 50 lac.

Equity

Minimum 20% of the financing amount

Mark-up rate

6% annually

Financing tenor

Up to 7 years

Processing fee

PKR 5,000 for processing

Prerequisites to Get Financing:

• Attainment and fulfillment of loan application form
• Two recent passport size photographs
• Copy of CNIC
• Proof of ownership of the property with utility bills
• Bank statements of the past six months
• Active tax payee with NTN number
• Proof of employment or business for the last 03 years in the form of payslips or any transactions made
• Copy of professional degree if any
• Details of any other loans taken from any other source

BANK of Khyber

BOK gives financing for domestic customers and is performing their role for a cleaner and greener Pakistan under SBP’s solar financing scheme. Solar Financing scheme from Peshawar a great initiative by The bank of Khyber, and after its success, they expanded the program to provide solar financing at all their branches in Pakistan. The bank offers the program under the name “BOK Roshan Ghar Scheme”.

Features of the Program

Financing

From 50,000 to 20 million based on the category of the program under the SBP scheme.

Equity

Minimum 25% of the total financing amount

Mark-up rate

6% per annum

Financing tenor

Starting from 6 months up to 5 years

Processing fee

PKR 5,000 and FED

Insurance

The bank offers insurance from Askari General Insurance Peshawar (0.3%+taxes)

Prerequisites to Get Financing:

• Fulfillment of financing application
• Two recent passport size photographs
• Copy of CNIC
• Ownership of property document and the most recent utility bills
• Bank statements of the past six months of the personal and business account
• Active tax payee with NTN number
• Proof of business or employment for the last 03 years
• Copy of professional degree if any

Habib Bank Limited

HBL is the biggest bank with the vastest network of branches in Pakistan. The bank is providing financial assistance under the State Bank of Pakistan Solar Refinancing Scheme to address the rising energy crises in Pakistan. They are providing financing to mostly industrial clients in the following three categories, which are as follows:

• Category-I: For industrial projects ranging from 1MW to 50 MW.
• Category-II: For projects up to 1MW.
• Category-III: For suppliers certified under the AEDB Certification Regulation 2018 that can install solar or wind projects on a lease basis or for selling of electricity to ultimate owners.

Features of the Program

Financing

• For category-I: PKR 06 billion for a single project.
• For category-II: PKR 400 million for a single borrower.
• For category-III: PKR 01 billion for a single supplier.

Equity

Minimum 25% of the total financing amount

Mark-up rate

Only 6% per year

Financing tenor

The financing tenor is different for every category and is as following:

• Category-I: Maximum 12 years (including 02 years grace period).
• Category-II: Maximum of ten years (including 03 months grace period).
• Category-III: Maximum of ten years.

Prerequisites to Get Financing:

• Fulfillment and signing of loan financing application
• Two recent passport size photographs of the applier
• Copy of CNIC
• Ownership of Property documents along with the latest utility Bill & Electricity Bill
• Bank statements of the past six months of a business or personal account
• Active tax payee with NTN number
• Details of any loans taken from all other sources

Pakistan has been facing energy crises as well as environmental degradation with the use of non-renewable resources. The price of electricity is increasing rapidly, and economic growth is declining. To counter these problems, SBP started the Solar Financing Pakistan so industries, and homeowners can invest in renewable energy with the help of an investment from banks. State Bank of Pakistan has initiated the Green Banking program to incorporate environmental contemplations in banking operations, services, and funding.

Solar System on Installments in Lahore, Peshawar and Allover Pakistan

We encourage the people of Pakistan to install Solar systems on Installments in Pakistan because the benefits of going solar outweigh the monthly installments as you can have lifetime savings for a financing period of around 5-7 years.

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How Can Premier Energy Help You?

Solar Financing Companies

Premier Energy, after completion of its 2 MW project, has successfully qualified for the State Bank of Pakistan Revised Banking Scheme (category I). Solar now has been made affordable for all with the successful implementation of this scheme. As a service provider, we at Premier Energy facilitate our clients throughout the process of loan attainment. Please feel free to ask any questions regarding the proposal, and our services or any other thing regarding the solar financing program in Pakistan. It would be a delight to take your questions.

Premier Energy (Pvt) Ltd is on top among List of Solar Energy Companies in Pakistan! Leading Solar Company in Pakistan with a vast network spread over the United Kingdom, China, Hongkong, and Pakistan. Premier group initiated its services in Pakistan in the year 2013 expanding rapidly with many customers in both the domestic and industrial sectors. Over time, Premier Energy has partnered with tier 1 brands of solar products to offer the best Solar Solutions at an affordable price to fulfill their aim of making Pakistan is independent in energy generation by revolutionizing the energy sector. GO for SOLAR with Best Solar Company in Pakistan.

Financing

Following State Bank of Pakistan’s Solar Financing Program, Premier Energy offers assistance in the whole process from application preparation, submission and installation so you can stay worry-free while they handle everything.

Net Metering

Net metering is the most beneficial aspect of a solar panel system. Premier Energy has attained and maintained the most prestigious V1 certificate from Alternative Energy Development Board (AEDB). This certificate is the proof of our excellent service in Net Metering. We take care of everything that has to be done to get a net meter installed. We handle the whole process from the fulfillment of application to installation of the meter.

On-Grid Solar System

Grid-tie Solar Systems are the ones that work in close proximity with the grid station as they store excess electricity to the grid and get supplementation from the grid if needed. This system does not require any batteries and can export surplus electricity in exchange for credits via the net metering system. Quote for On-grid Solar System Price in Pakistan at affordable Price of Rs. 450,000/- PKR.

OFF-Grid Solar System

This a system that is best for remote locations and agricultural installations as it does not require any connection to the grid. The Off-grid Solar System is a battery-based system that requires solar batteries that may be expensive but provide backup in case of blackout and load shedding. This system does not allow net metering as there is no connection between the grid and the solar system. Quote for Off-grid Solar System Price in Pakistan at affordable Price.

Hybrid Solar System

A Hybrid Solar System is a combination of off-grid and the grid-tie system as it is connected to the grid and the batteries as well. After charging the batteries, it exports excess electricity to the grid. This system provides backup in case of load shedding and also allows the installation of the net metering system. The system is expensive due to all the equipment required to give dual functioning, but it is the most viable solution. Quote for Off-Hybrid Solar System Price in Pakistan at affordable Price.

Solar Panels

Solar panels manufactured by different brands are now available in Pakistan. The selection of monocrystalline or polycrystalline solar panels is preconditioned to the customized needs, cost and space availability you have. Premier Energy integrates Solar Panels of top notch international brands and facilitate their clientele with a finest user-experience. Here is a brief introduction of each of these top rated solar panel brands.

Top Solar Panels Brands in Pakistan:

Longi
JA
Canadian
Suntech Power
Sunpower
SolarWorld
Jinko
ZN Shine
LG
Panasonic
Trina
Yingli
Renesola
Hanwha
Q-CELLS
Talesun and more

Solar Panels Brands We Have:

Premier Energy uses the best quality of solar panels available in the market. We provide these at the most pocket-friendly price. The solar plates we have are available in a number of sizes and models with various distinguishing features. Get a quote for Ja Solar, Longi Solar and Canandian Solar. The solar panel companies we deal in are as following:

Solar Panel Price in Pakistan

Premier Energy offers Solar Panel Price in Pakistan at an affordable rate of Rs. 15,800/- PKR, with more people wanting to switch to solar energy the market has seen unprecedented demand for solar panels. Solar Panel Price in Pakistan varies with the model as the specifications of every model differ from one another. Get a Quote for JA Solar Panels, Longi Solar Panels and Canadian Solar Panels.

Bifacial Solar Panels

One of the leading solar products that has the potential to become market leader is bifacial solar panel. These panels can be regarded as the next generation of the regular solar panels. Bifacial Solar Panels are the latest technology in the solar panel industry. These panels have the ability to produce electricity from both the sides of the panels. These panels are composed of dual layers of silicon cells with glass on both the upper and lower sides of the panels. The glass allows the reflected light to fall on the rear wall of silicon and produce electricity. These panels are available in the form of monocrystalline technology. Get a Quote for Bifacial Solar Panels Price in Pakistan.

Night Solar Panels

Night Solar panels, or Anti-solar panels or NSP are the latest technology of solar panels which will allow people to produce electricity during the nighttime even if the sunlight is not available. Night Solar panels could give tremendous advantages to solar businesses across the world. Quote for Night Solar Panels Price in Pakistan.

List of Solar Panels We Provide:

Solar Inverters

Solar Inverters are an integral component of the solar system which are considered equally significant as PV plates. However installing best Solar Inverters in Pakistan might seem expensive at first, but one of the best way to invest your money.

It is pertinent to mention here that solar systems are classified into three categories mainly. These include On-grid or Grid-tie Solar System, Off-Grid or stand-alone power system (SAPS) and Hybrid Solar Systems. On the same pattern we have Grid-tie Inverters, Off-grid Inverters and Hybrid inverters.

On-Grid / Grid-tie Solar Inverters

As obvious by its name, a Grid Tie Solar Inverter / On Grid Solar Inverter is always synchronized with a utility line interface. Suitable to be attached with an electric grid, it converts DC power of solar panels into home appliances friendly AC power. Quote for On-Grid / Grid-Tie Solar Inverter Price in Pakistan.

Off-Grid Solar Inverters

Contrary to the grid-tie inverters, Off-Grid Inverters are not connected to utility line phase. The electric current runs from PV plates to the battery or charge bank and then converted into AC power. Quote for Off-Grid Solar Inverter Price in Pakistan.

Hybrid Solar Inverters

Hybrid Inverters also termed as multi-mode inverters, are said to be the smart choice owing to their technology and advantages. These inverters intelligently manage power input from battery and from solar PV plates. The batteries are either charged by solar power or electricity grid connection when these inverters are installed to your solar system. Quote for Hybrid Solar Inverter Price in Pakistan.

Premier Energy deals in the world’s best inverters that have with around 10 years of warranty that makes investing with Premier Solar Solutions the right thing to do. We deal in only the top solar inverter companies in the world which are as following:

List of Solar Inverters We Provide:

On-grid Solar Inverters in Pakistan

Hybrid Solar Inverters in Pakistan

GOODWE Solar Inverters
Infini Solar Inverters

Off-Grid Solar Inverters in Pakistan

Axpert Solar Inverters
Infini Solar Inverters

Project Portfolio

Our extensive product range, seamless installations, and diverse project portfolio have earned us market leader status in no time. Visit our Projects Portfolio.

Our Happy Clientele

We have a vast number of happy customers, which has led us to amplify our services to more than 33 cities. Our clientele comprises of many residential consumers as well as leading brands belonging to the industrial, business, and agricultural areas. Some of our satisfied clients are the following notable Industries:

Which Capacity Makes the Best Solar System For Home in Pakistan?

The solar energy systems are available in several capacities irrespective of the system type you are installing. The required capacity of the system depends upon the electricity usage of the consumer. If the electricity usage is higher, the system capacity will be greater as well. The table below will help you find the right capacity for your electricity utilization.

MONTHLY ELECTRICITY UNITS	SYSTEM CAPACITY
300-350	3KW Solar System in Pakistan
500-600	5KW Solar System in Pakistan
1100-1200	10KW Solar System in Pakistan
1700-1800	15KW Solar System in Pakistan
2300-2400	20KW Solar System in Pakistan
2800-3000	25KW Solar System in Pakistan
3500-3600	30KW Solar System in Pakistan
4000-4200	35KW Solar System in Pakistan

Premier Energy being the Best Solar Energy Company in Pakistan has got you covered with its other cost-effective Solar Systems in Pakistan so you can conveniently switch to solar energy and gain energy independence. Now you can get the best Solar Panels in Pakistan and Solar Inverters in Pakistan from top-rated global manufacturers without any hassle. Going solar was never this easy and profitable. We are offering inexpensive Solar System Price in Pakistan, which includes top-quality products, and a Solar Panel Price in Pakistan, which is not a burden on your pocket. Dealing with the best inverters, our Solar Inverter Price in Pakistan makes it the most budget-friendly investment. Through SBP’s Solar Financing scheme, we can facilitate our customers to purchase a solar power system in Pakistan on easy monthly installments. We provide a Net Metering System in Pakistan to let you save and sell back excess electricity to the grid. Find the latest details regarding Solar Packages in Pakistan.

Financing