We offer Solar Financing in Pakistan & Solar System on Installments in Pakistan. Solar Financing Pakistan by Premier Energy. We offer Solar Financing in Lahore, Pakistan. #1 among Solar Financing Companies in Pakistan. JS GharApna Solar Panel Financing offers a one window solution for financing
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Solar Financing Pakistan | Solar Financing in Pakistan through SBP
1.
2. BACKGROUND OFTHE PROGRAM
Pakistan has been bearing energy crises as
well as environmental degeneration with
the use of non-renewable sources. The
cost of electricity is increasing quickly, and
commercial growth is declining. To counter
these problems, SBP started Solar
Financing Pakistan so businesses and
homeowners can spend on renewable
energy with the help of an investment
from banks.
3. SCOPE OFTHE PROGRAM
This program shall enable more people to
adopt renewable energy sources, which
will aid in achieving a free and continuous
supply of electricity. The surplus energy
which is produced by a house shall also be
accessible to other people through net
metering, and in this way, it will influence
the whole nation.
4. ELIGIBILITY CRITERIA
The criterion to qualify for this program has
been kept very easy to cope with the
fundamental purpose of the program that is to
assist more people in switching to renewable
energy by making it affordable. The
qualification criteria contain only these two
requirements:
• Must have a Computerized National
Identity Card (CNIC)
• Must be the owner of the house, or the
business where the solar panel system is to
be installed
5. MARK UP RATE
The markup rate has been set reasonable to
make sure more people can manage to afford it
and become a part of this drive. The markup
rate has been selected 3+3=6 per annum by the
SBP. The 3% can further be decreased after
negotiation, depending upon your relationship
with your bank.
6. SOLAR FINANCING BANKS
Almost all the banks are giving solar system financing in Pakistan under
this program.The required certificates and final eligibility criteria of each
bank diversify.Your bank can also grant you concessions based on your
banking history.The banks with good programs under this initiative are:
JS Bank
JS Bank is giving solar investment under its JS Bank ApnaGhar solar
financing program.The bank grants financing of Rs. 10 million without
any collateral.The amount is to be repaid in installments over ten years,
with a markup rate of 6% per annum.
Allied Bank
Allied bank allows a loan of Rs. 10 million under the SBP re-financing
program for renewable energy.The markup is set to be 6% per annum,
and the amount is to be repaid in parts within 10 years.
Bank Alfalah
Bank Alfalah extends loans for solar sponsoring under the Alfalah Green
Energy program, in partnership with the SBP re-financing program for
renewable energy.The bank proffers a loan of Rs. 2 million without any
deposit for 10 years.The markup rate is set at 6% annually.
7. PREMIER ENERGY
WhereYou Can FindThe Best Solar Solutions
Several renewable energy companies in Pakistan are
providing Solar Solutions with customization to
cater to consumers' varied energy needs. Solar
power is now widely utilized in our country to enrich
people’s lives with clean, reliable, and resilient
energy. Being cost-effective and having guaranteed
uninterrupted supply, solar solutions are the most
suitable option available in the context of power
cuts. As the leading Solar Solution Company of
Pakistan, Premier Energy provides international
standard turnkey solutions across the country.
Unparalleled in quality, performance, and design,
Premier’s solar solutions can withstand adverse
weather conditions.