electricity prices are increasing day by in Pakistan, people are shifting towards solar system to get rid of high electricity bills and load shedding, the most common solar system in demand is 5 w solar system, people are searching for the 5kw solar system price in Pakistan Installing a 5kW solar solution in your house can save you a significant amount of money on your monthly energy bills while also providing you with a consistent stream of electricity that you can use whenever you choose. If you employ net metering with your solar PV system, you can eliminate your energy cost entirely, doubling your income
Almost 570 units can be produced each month by the system. After more research, the number of mid-sized dwellings consumed annually in Pakistan is estimated to be 400–500. A 5kW solar system is the ideal choice for a home whose monthly electricity consumption is between 600 and 700 units.
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5kw solar system price in Pakistan of Rs. 910,000 (Inverter brand will be Fox with 12 years warranty). The price include the 5kw on grid inverter, roof mounted L2 structure, and installation charges. While the initial cost may seem high to many, the benefits provided by a 5kw solar system are enormous.
What Is 5kw Solar System?
A 5kw solar system price in Pakistan drope can be a great way to power your home and reduce electricity bills. This system normally consists of nine solar panels, each providing approximately 570 watts, together with an inverter and other components. With an average production of over 570 units of electricity per month (around 20 units daily), a 5kw system is suitable for many families. This can provide enough power for essentials like LED lights, fans, a refrigerator, and even two 1.5-ton inverter air conditioners.
5kw solar system price in Pakistan
The 5kW solar system price in Pakistan starts from Rs. 960,000/- for an on-grid system with net metering (Inverter brand will be Growatt/Solis with 05 years warranty). This cost includes the 5kW on-grid inverter, L2 mounting structures, and installation charges. Installing a 5kW solar system can significantly reduce your electricity bill
Parts of a 5 kW solar system
A complete 5kv solar system contains numerous parts, however here is a summary of the most important parts of a 5kw solar system.
Solar Panels
Solar Inverter (on-grid or hybrid inverter)
Solar battery (optional)
Mounting Structure
DB box that includes circuit breaker
Curious about what a 5kw solar system in Pakistan can power? This system, generating around 19 units daily or 570 units monthly, is suitable for many households. Imagine powering your essentials like lights, fans, and a refrigerator! You can even run two 1.5-ton inverter ACs and 2 LED TVs, although not all appliances might function simultaneously. A 5kw system offers significant power to meet most of your daily needs.
Elements affecting the The 5kw Solar System Price In Pakistan
Before you start getting offers or comparing prices, you need to know what makes 5kw solar system price in Pakistan change. Here is a list of the main factors that affect the price:
Type and size of solar panels
The price of solar panels can vary greatly depending on the brand and efficiency. High-efficiency panels, while more expensive initially, frequently provide more power per square meter, potentially requiring fewer panels ultimately.
Inverter type on-grid or hybrid
On-grid inverters connect your system to the national grid, allowing you to sell excess electricity. Hybrid inverters include batteries for storing solar energy, offering backup power during outages but at a higher cost.
Battery size (applicable to hybrid inverters):
The size and type of battery in a hybrid system impact the price. Larger battery capacities provide longer backup during power cuts but come at a premium.
Installation charges:
Labor costs for installing the system can vary depending on the complexity of the job and the experience of the installer. Getting quotes from multiple reputable companies is recommended.
When you compare 5kw solar system price in Pakistan, you can make smart choices based on these factors and get the most for your money. Remember that the cost may seem high at first, but it can save you a lot of money on your energy bills and help the environment in the long run.
Advantages Of Placing In 5kw Solar System In Pakistan
LowerElectricity Bills
A 5kW solar system can save you up to 70% on your monthly electricity cost. This is because you will be producing your own electricity from the sun, which is free.
Environmentally friendly.
Solar energy is clean and can be used over and over again. You can help protect the earth and lower your carbon footprint by putting in a solar system.
Save cash
Are your electricity expenses too high? In Pakistan, a 5kw solar system could be your source of financial salvation! You’ll notice a noticeable change immediately, and the first cost is quite little. Your monthly expenses will significantly decrease if you produce your own clean electricity from the sun and rely less on the national grid. Furthermore, any excess electricity your system generates with net metering is sold back to the grid, giving you credits that you can utilize at night or on overcast days. Both the environment and your pocketbook will benefit from it!
Are 5kw solar panels good for a house?
Wondering if a 5kw solar system is right for your home in Pakistan? It might be a perfect fit! This system is ideal for households that use around 570 units of electricity each month (check your monthly bill to see your usage). But don’t worry if you’re unsure! Even if you’re not sure about a 5kw system or are curious about 5kw solar panel price in Pakistan, e sols can help. Our experienced team offers free quotes and surveys to answer all your questions and find the perfect solar solution for your needs. Contact them today and unlock the power of solar savings!
The Solar Panel Scheme 2023 presents an exceptional opportunity for eligible applicants, endorsed by the Prime Minister, to secure substantial funding ranging from Rs. 400 million to an impressive Rs. 6 billion. With a low markup rate of 6% and a repayment period of up to 12 years, the Solar Panel Scheme becomes even more attractive to those interested in investing in solar energy projects. One might wonder: Who is the solar panel scheme intended for? Is it for the general public or solely for businessmen?
It is quite evident considering the magnitude of funding involved (PKR 400 million–PKR 6 billion). This scheme is primarily beneficial for businesses and investors seeking to invest in clean and sustainable energy projects for the rise of solar panels for commercial use. Now that we have addressed this, let us delve into the eligibility requirements and the process of participating in the Solar Panel Scheme. Let’s get started!
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What is the Prime Minister Solar Panel Scheme in Pakistan?
The Prime Minister’s Solar Panel Scheme, also known as the PM Solar Panel Scheme, is an innovative initiative aimed at promoting the adoption of renewable energy nationwide. Under this scheme, the Prime Minister has introduced a remarkable opportunity for citizens to acquire solar panels through convenient installment plans, completely free of interest charges. This scheme empowers individuals to embrace solar energy without the burden of additional financial expenses, making it accessible and affordable for a wider range of households. By facilitating the purchase of complete solar panels, this initiative not only supports sustainable energy practices but also contributes to reducing the carbon footprint of the nation, aligning with the global push towards cleaner and greener energy sources. Prime Minister’s Solar Panel Scheme Categories
Prime Minister Solar Panel Scheme in Pakistan Categories
The Prime Minister Solar Panel Scheme consists of three categories. Here are the details for each category:
Category I
The first category of the Prime Minister Solar Panel Scheme is specifically tailored for applicants interested in establishing renewable energy power units. This category focuses on large-scale solar projects with significant capacity, ranging from 1 MW (megawatt) to a maximum of 50 MW. The government aims to encourage the development of substantial solar power projects to contribute significantly to the national energy grid and reduce the country’s reliance on non-renewable energy sources.
Details of Category I:
Capacity Range: Solar projects falling under this category must have a minimum capacity of 1 MW and can go up to an impressive 50 MW. This allows for the establishment of substantial solar power plants capable of generating a significant amount of electricity.
Financing Period: To facilitate the implementation and long-term success of these projects, the financing period extends up to 12 years.
Grace Period: Applicants in Category I are granted a considerable grace period of 2 years. During this period, the beneficiaries are not required to start repaying the funding received, providing them with some breathing space to set up and optimize the solar power facilities.
Funding Limit: The government has set a substantial funding limit of up to PKR 6 billion for projects falling under this category.
Category II
The second category of the Prime Minister Solar Panel Scheme is specifically designed for sponsors interested in installing smaller-scale renewable energy projects. This category focuses on solar projects with a capacity limit of 1 MW, in compliance with the Net Metering Regulations established by NEPRA
(National Electric Power Regulatory Authority). The objective of this category is to encourage the broader participation of businesses and sponsors in the adoption of solar energy solutions.
Details of Category II
Capacity Limit: Category II is suitable for renewable energy projects with a capacity of up to 1 MW. This ensures that even smaller businesses and individual sponsors can participate in the scheme and contribute to the expansion of solar energy adoption across various sectors.
Financing Period: The maximum financing tenor for projects falling under Category II is set at 10 years.
Grace Period: Applicants in Category II are granted a grace period of 3 months. During this time, the sponsors are not required to make repayments on the received funding.
Funding Limit: Under Category II, sponsors can secure financing of up to PKR 400 million.
Category III
Category III of the Prime Minister Solar Panel Scheme is tailored to meet the needs of Renewable Energy Investment Entities (RE-IEs) looking to secure funding for their renewable energy projects. This category aims to facilitate larger-scale solar installations and encourage the active participation of specialized entities dedicated to renewable energy
Category III Details:
Category III allows for renewable energy projects with a capacity of up to 5 MW. This higher capacity limit enables Renewable Energy Investment Entities to develop more substantial solar power projects, contributing significantly to the country’s renewable energy goals. The maximum financing tenor for projects falling under Category III is set at 10 years. Applicants in Category III are granted a grace period of 6 months, during which the Renewable Energy Investment Entities are not required to start repaying the received funding. Renewable Energy Investment Entities under Category III can secure financing of up to PKR 2 billion.
Pros and Cons of Prime Minister Solar Panel Scheme 2023:
Pros of Solar Panel Scheme:
– Simplified Application Process: The Solar Panel Scheme offers a hassle-free application process, making it accessible to a wide range of individuals.
– Interest-Free Financing: One of its major benefits is the absence of interest charges, ensuring that participants can acquire solar panels without any additional financial burden.
– Significant Opportunities for Farmers: This initiative presents a substantial opportunity for farmers to harness solar energy, potentially reducing their energy costs and enhancing sustainability.
– Convenient Installment Plans: The scheme includes convenient installment plans, making it easier for participants to transition to renewable energy sources without immediate financial strain.
Cons of Solar Panel Scheme:
– Initial Down Payment Required: Participants may find it challenging to make the initial down payment, which can be a substantial sum, depending on the overall cost of the solar panel installation.
– Lengthy Application Process: The application process for the scheme can be time-consuming, leading to delays in acquiring the solar panels and reaping their benefits.
– Markup Rate: The scheme imposes a markup rate of 6%, which, while relatively low, adds to the overall cost of the solar panels over time.
– Waiting Period for Application Processing: Applicants may experience delays in the processing of their applications, which can be frustrating for those eager to implement solar energy solutions.
How to Apply for Prime Minister Solar Panel Scheme 2023?
prime minister solar panel scheme
To apply for the Solar Panel Scheme, follow these steps:
1. Speak with a representative from Enabling Solutions, and our team will fully advise you on your plan.
2. Obtain the application form either by downloading it from the website or by contacting the designated authorities responsible for administering the scheme.
3. Fill out the application form accurately, providing all the required information. Make sure to review the form thoroughly and ensure that all fields are properly filled.
4. Prepare the necessary documents as mentioned in the application form or the scheme guidelines. This may include proof of identity, ownership or lease documents for the property, a project feasibility study, financial statements, and any other supporting documents specified by the scheme.
5. Submit the completed application form along with the required documents to the designated authorities or the specified submission channel as mentioned in the scheme guidelines.
6. Await the approval process, during which the authorities will review your application, documents, and project details.
7. If your application is approved, you will receive confirmation of the funding allocation and the next steps to proceed with the implementation of your solar panel project.
Benefits of Prime Minister Solar Panel Schemes:
The Prime Minister Solar Panel Schemes offer several top benefits to individuals, businesses, and Renewable Energy Investment Entities (RE-IEs) in Pakistan:
– Financial Incentives: The schemes provide substantial financial incentives, including funding ranging from Rs. 400 million to Rs. 6 billion, depending on the project category. This funding significantly reduces the financial burden for applicants, encouraging them to invest in solar energy projects.
– Attractive Markup Rate and Flexible Repayment: The schemes offer an attractive markup rate of 6% and a flexible repayment period of up to 12 years. This allows beneficiaries to manage their financial commitments more effectively and focus on harnessing solar energy without undue financial strain.
– Energy Cost Savings: By installing solar panels and generating their own electricity, applicants can reduce their reliance on conventional energy sources and lower their energy costs significantly.
– Enhanced Energy Independence: Embracing solar energy enhances energy independence as applicants become less dependent on the national power grid.
– Environmental Impact: Solar energy is a clean and renewable energy source that helps reduce greenhouse gas emissions and combat climate change.
– Job Creation and Economic Growth: The widespread adoption of solar energy projects creates job opportunities in the renewable energy sector, fostering economic growth and contributing to the country’s overall development.
– Net Metering Benefits: By connecting solar energy projects to the national power grid through Net Metering, surplus electricity can be fed back to the grid, allowing applicants to earn revenue for the excess energy they generate.
– Diversified Participation: The schemes cater to different categories of applicants, including homeowners, businesses, and specialized Renewable Energy Investment Entities.
– Promoting Innovation: With large-scale and smaller-scale solar energy projects encouraged under different categories, the schemes promote innovation in renewable energy technologies and solutions.
The Solar Panel Scheme is a government initiative in Pakistan aimed at promoting the adoption of solar energy and encouraging investment in renewable energy projects. It provides financial support and incentives to eligible applicants, including individuals, businesses, and Renewable Energy Investment Entities (RE-IEs), for the installation and operation of solar panels.
The scheme is open to a wide range of applicants, including homeowners, businesses, and specialized Renewable Energy Investment Entities (RE-IEs). Each category has specific eligibility criteria, such as capacity limits, project types, and compliance with NEPRA’s Net Metering Regulations.
Three Budget Plans are available for the Prime Minister’s solar panel scheme:
1. Category I: Large-Scale Renewable Energy Power Facilities: This category is designed for ambitious renewable energy projects with a capacity ranging from 1 MW to 50 MW. It targets those interested in establishing significant solar power plants that can contribute to the national energy grid.
2. Category II: Small to Medium-Scale Projects – Category II accommodates projects with a capacity limit of 1 MW, making it suitable for smaller businesses, individual sponsors, and entities interested in moderate-sized solar installations. It aims to encourage broader participation in the adoption of solar energy.
3. Category III: Specialized Renewable Energy Investment Entities (RE-IEs): Category III is geared towards specialized entities dedicated to renewable energy development. Projects within this category can have a capacity of up to 5 MW, allowing RE-IEs to undertake medium-sized solar energy initiatives with government support.
The financing period for Category I and Category II projects is up to 10 years, while Category III projects can have a maximum financing tenure of 12 years. Category II applicants are granted a grace period of 3 months, and Category III applicants receive a grace period of 6 months.
The maximum funding available under the Solar Panel Scheme varies depending on the category and the size of the renewable energy project, ranging from PKR 400 million to PKR 6 billion.
The solar energy generated through the scheme can be used to meet the electricity demands of residential properties, commercial buildings, agricultural operations, and industrial facilities. Excess energy can be fed back into the national grid through Net Metering, allowing applicants to earn revenue from surplus electricity generation.
Participating in the Solar Panel Scheme offers long-term benefits such as reduced electricity expenses, enhanced energy independence, decreased carbon footprint, and contributing to Pakistan’s transition towards sustainable and cleaner energy sources.
prime minister solar panel scheme
Enabling Solution Give you assistance with your all challanges:
Applicants may face challenges in implementing solar projects under the scheme, including the initial investment required for solar panel installation, technical expertise for system setup and maintenance, and managing the financial commitment associated with the funding’s markup rate. You can get assistance from Enabling Solution for all issues you have encountered. To apply for the Solar Panel Scheme, applicants need to follow the government’s guidelines and procedures, fulfill the eligibility criteria, provide the required documentation, and submit their applications through the designated channels.
The Prime Minister Solar Panel Scheme includes three categories with specific capacity ranges: Category 1 ranges from 1 MW to 50 MW, Category 2 allows up to 1 MW, and Category 3 authorizes projects with capacities of up to 5 MW.
The financing duration for projects under this initiative varies depending on the category selected. Category 1 provides a financing period of up to 12 years, while Category 2 and Category 3 offer a 10-year financing term.
All categories of the scheme provide a grace period for loan repayments. Category 1 offers a 2-year grace period, Category 2 provides a 3-month grace period, and Category 3 offers a generous grace period of 6 months.
The funding thresholds available for projects within the scheme depend on the category. Category 1 projects can secure funding of up to PKR 6 billion, Category 2 allows for financing of up to PKR 400 million, and Category 3 provides financing options of up to PKR 2 billion for larger projects.
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