5KW solar system updated interest-free installment plan – April 2025
Web Desk
24 April, 2025 14:49
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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 2025Â Â Â Â Â Â Â Â Â Â Â Â 19,184
June 2025Â Â Â Â Â Â Â Â Â Â Â Â 19,211
July 2025Â Â Â Â Â Â Â Â Â Â Â Â Â 18,859
August 2025Â Â Â Â Â Â Â Â Â Â Â 18,875
September 2025Â Â Â Â Â Â Â 18,707
October 2025Â Â Â Â Â Â Â Â Â Â 18,371
November 2025Â Â Â Â Â Â Â Â 18,371
December 2025Â Â Â Â Â Â Â Â 18,046
January 2026Â Â Â Â Â Â Â Â Â Â 18,036
February 2026Â Â Â Â Â Â Â Â Â 17,868
March 2026Â Â Â Â Â Â Â Â Â Â Â 17,277
April 2026Â Â Â Â Â Â Â Â Â Â Â Â Â 17,532
May 2026Â Â Â Â Â Â Â Â Â Â Â Â Â Â 17,234
June 2026Â Â Â Â Â Â Â Â Â Â Â Â Â Â 17,196
July 2026Â Â Â Â Â Â Â Â Â Â Â Â Â Â 16,909
August 2026Â Â Â Â Â Â Â Â Â Â Â Â 16,860
September 2026Â Â Â Â Â Â Â Â 16,692
October 2026Â Â Â Â Â Â Â Â Â Â Â 16,421
November 2026Â Â Â Â Â Â Â Â Â 16,356
December 2026Â Â Â Â Â Â Â Â Â 16,096
January 2027Â Â Â Â Â Â Â Â Â Â Â 16,020
February 2027Â Â Â Â Â Â Â Â Â Â 15,852
March 2027Â Â Â Â Â Â Â Â Â Â Â Â Â 15,457
April 2027Â Â Â Â Â Â Â Â Â Â Â Â Â Â 15,517
May 2027Â Â Â Â Â Â Â Â Â Â Â Â Â Â 15,284
June 2027Â Â Â Â Â Â Â Â Â Â Â Â Â Â 15,181
July 2027Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 14,959
August 2027Â Â Â Â Â Â Â Â Â Â Â Â Â 14,845
September 2027Â Â Â Â Â Â Â Â Â 14,677
October 2027Â Â Â Â Â Â Â Â Â Â Â Â 14,471
November 2027Â Â Â Â Â Â Â Â Â 14,341
December 2027Â Â Â Â Â Â Â Â Â Â 14,146
January 2028Â Â Â Â Â Â Â Â Â Â Â Â 14,005
February 2028Â Â Â Â Â Â Â Â Â Â Â 13,837
March 2028Â Â Â Â Â Â Â Â Â Â Â Â Â 13,648
April 2028Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 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.
Read More: Islamabad Weather Today: Here’s How Hot It’ll Get Today
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