5KW solar system updated interest-free installment plan – April 2025

Pakistan is seeing an increase in the number of households and businesses installing solar systems, as they help lower electricity bills and reduce reliance on the national power grid.

A typical medium-sized household installs a 5-kilowatt solar system, which can power appliances like an inverter AC, fans, lights, and a refrigerator.

The cost of a 5KW solar system ranges between Rs 650,000 and Rs 730,000, depending on the quality of components like the inverter and solar panels.

Meezan Bank offers an interest-free installment plan to make it easier for customers to afford a 5KW solar system. This plan is available with a down payment, making the process affordable for many users. Meezan Bank also offers flexible payment options, competitive pricing, and expert guidance to help customers.

The bank’s financing is based on the Islamic concept of Musawamah and is available for salaried individuals and others. If you install a solar system, you can also benefit from net metering, which allows you to sell excess power back to the national grid, contributing to a cleaner environment.

5KW Solar System Installment Plan

For example, a 5KW solar system costing Rs 650,000 would require a 20% down payment of Rs 130,000. The following is the monthly installment plan for the next three years:

Installment Month       Monthly Payment

May 2025                        19,184

June 2025                        19,211

July 2025                          18,859

August 2025                     18,875

September 2025              18,707

October 2025                   18,371

November 2025               18,371

December 2025               18,046

January 2026                   18,036

February 2026                 17,868

March 2026                      17,277

April 2026                         17,532

May 2026                           17,234

June 2026                           17,196

July 2026                            16,909

August 2026                       16,860

September 2026                16,692

October 2026                      16,421

November 2026                 16,356

December 2026                  16,096

January 2027                      16,020

February 2027                    15,852

March 2027                         15,457

April 2027                           15,517

May 2027                            15,284

June 2027                            15,181

July 2027                              14,959

August 2027                         14,845

September 2027                  14,677

October 2027                       14,471

November 2027                  14,341

December 2027                   14,146

January 2028                       14,005

February 2028                     13,837

March 2028                          13,648

April 2028                             13,501

The bank will also charge a processing fee of Rs 5,000, along with other fees like the STR fee of Rs 1,000.

This plan allows customers to own a solar system while spreading the cost over an extended period.

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