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Solar Financing Service as you know, Electricity crisis is one of the leading national concern for the people of Pakistan and its government. Electricity Load shedding poses a significant problem. The duration of power load shedding in various regions of Pakistan has been increased from 10 to 15 hours after the shortfalls were recorded at 6,516 megawatts. Due to the long hours power outage, not only household but commercial, industrial, and agriculture sector are suffering great loss. the alternative solution of this power crises issue is solar energy shift to solar energy easily by using solar financing service.
Furthermore, the continual rise in electricity rates in Pakistan has left people feeling frustrated and burdened. The increasing cost of electricity puts a strain on everyone’s budgets, making it challenging for individuals and businesses to meet their energy needs without incurring significant expenses. The feeling of helplessness and dissatisfaction with the rising rates is palpable among the public.
Solar energy is an alternative source of power generation. In Pakistan, the current economic situation poses challenges for individuals and businesses considering the purchase of solar solutions. The high inflation rate and expensive costs associated with solar installations have made it difficult for many to afford these sustainable energy alternatives. The increasing prices of solar panels, inverters, and other components have created financial barriers, deterring potential buyers from embracing solar energy.
Enabling Solutions has recognized these challenges and they have devised a plan to make it accessible for everyone. Through their initiative, individuals or business can now procure solar solutions for their homes, businesses, industries, and agricultural needs with convenient up to 7-years installment plans. They believe that such initiatives can help alleviate the financial burden and enable individuals and businesses to invest in solar solutions with confidence.
How To Get Solar Solution on Installments?
Enabling Solutions have partnered with Pakistan’s leading banks including Bank Alfalah, Meezan Bank and Faysal Bank to offer hassle-free solar solutions through easy installments. Solar financing through banking allows you to pay for your solar system over time with fixed monthly payments, just like you would do for a car or appliance loan. Instead of large upfront costs, you pay fixed monthly installments that are often less than your current utility bill. You get to start reaping the benefits of lower utility bills and energy independence right away while paying off the system over 5–7 years. At the end of the installment period, your solar system is fully paid off but will continue getting free electricity for next 20-25 years.
The financing covers the cost of the solar panels, inverters, batteries, and installation. Once you make the down payment, the full solar system is installed at your home.
- You pay an initial down payment of 15% of the total system cost to Faysal Bank and Meezan Bank; and 20% in case of Bank Alfalah.
- The remaining balance is financed over 1–7 years at a fixed 6% per year interest rate.
- Your monthly payments will be the same each month, allowing you to budget properly.
- Here is a brief comparison of solar financing available in reference to different banks.
Eligibility Criteria to Avail Solar Financing
| Banks | Payment Tenure | Allowed Capacity | Financing Amount | Profit Rate | Down Payment | Processing charges | Minimum Income |
| Faysal Bank | 1 to 7 years | 4 KW – 20 KW | 100,000- 3,000,000 | 6% per annum | 15% of the Asset Amount | 6000/ Non-Refundable | Salaried Individual: PKR 100,000 Self Employed Individual: 150,000 |
Meezan Bank | 1 to 7 Years | 1 KW-1000KW | 100,000- 2,500,000 | 6% per annum | Minimum 15% maximum up to 50% | 6000/ Non-Refundable | PKR 100,000 |
| Bank Alfalah | 1 to 5 Years | 4 KW-1000KW | 100,000- 2,500,000 | 6% per annum | Minimum 20% maximum 25% | 5000/ Non-Refundable | PKR 100,000 |
Solar Usage Eligibility For To Get Solar Financing
You would be able to secure solar financing from any of the partnered bank if you want to use solar solutions for
- Residential Usage
- Commercial Usage (Consumption)
- Industrial Usage
- Agriculture Usage
Solar financing cannot be obtained if you want to sell solar solutions for the purpose of revenue generation.
They offer tailored solar energy solutions that cater to the unique requirements of our clients. Whether you are a homeowner, a commercial enterprise, a public institution, or own agricultural land, they possess the knowledge and resources necessary to design and implement customized solar systems that maximize energy efficiency and cost savings.
Benefits of a Solar System
Solar systems offer numerous benefits that make them a fantastic choice. Firstly, they provide significant savings on electricity bills by harnessing the power of the sun.
- Solar systems provide reliable and uninterrupted electricity, empowering you with a 24/7 power supply.
- You can say goodbye to those utility expenses!
- Secondly, solar energy is clean and renewable.
- Helping to reduce your carbon footprint and contribute to a greener planet.
- Installing solar panels can increase the value of your property, making it a smart long-term investment.
- Solar systems offer energy independence, allowing you to generate your own power and rely less on the grid.
- Solar power systems offer an efficient and cost-effective alternative to fossil fuel-based electricity sources.
- Solar systems that harness the abundant power of the sun are an effective solution to rising electricity expenses.
With all these advantages, embracing solar energy is a win-win situation for your wallet, the environment, and your overall energy freedom.
About Enabling Solutions:
Enabling Solutions is one of Pakistan’s leading Solar Energy Solution providers, offering end-to-end solar solution services at affordable rates. With over 25 years of industry experience, Enabling Solutions is a leading solar energy solution provider in Pakistan. Our team of experts has successfully completed 300+ projects in various sectors, including residential, commercial, industrial, and agriculture.
Solar Panels Brands We Deal In: They proudly work with the best solar panel brands, such as Longi Solar, Solis, Trina Solar, Sofar Solar, Canadian Solar, JA Solar, Max Power, Jollywood, and Solar Max.
Inverters Brands We Deal In: When it comes to inverters, they offer high-quality top brands like Huawei, Sungrow, Saj, Growatt, Sofar, and Solax.
