LAHORE – Meezan Bank has introduced an affordable and flexible solar panel financing plan aimed at salaried individuals, providing an opportunity to switch to renewable energy with ease.
With a total quotation of Rs500,000 for a 5kw solar system, the plan allows customers to pay through a structured 5-year installment schedule after a Rs. 175,000 down payment.
The initiative is part of Meezan Bank’s broader strategy to promote green energy solutions across Pakistan while ensuring financial convenience for middle-income households.
The installment plan spreads the remaining cost over 60 months, making solar energy more accessible for working individuals.
Solar System Installment Plan
As per the tentative installment plan, the monthly payments begin in August 2025, starting from Rs 9,223, and gradually reduce each month as the tenure progresses. The final installment, scheduled for July 2030, is just Rs5,478.
This declining installment model helps customers manage their cash flow better, especially as energy cost savings from solar usage begin to accumulate over time.
Meezan Bank’s solar financing scheme is aligned with the State Bank of Pakistan’s green banking initiatives and serves as a practical solution to rising electricity costs.
The quotation given in the story is tentative. You can visit the official website of the bank to get further details.
