You can say goodbye to high electricity bills and welcome to sustainable savings by installing solar energy system.

The solar energy, which is also termed as renewable energy empowers the users to generate to their own electricity. They can also sell the extra electricity to the national grid.

NEPRA defines the process under Net Metering, where an existing uni-directional meter is replaced with a bi-directional meter. This way electricity is clocked to and from the premises to incur net profit/metering.

The process is much similar to industrial large scale plants where large scale power producers feed electricity to the central grid of the country. It must be noted that some extra safety requirements are made at the premises to ensure the safety of your family. This way you are saving your electrical bills and contributing to overall savings from the grid.

As one-time cost for installation of the solar setup is heavy, there is no need to worry as various banks, including the United Bank Limited (UBL) offers easy installment plan for the solar system.

For residential use, people mostly install 3KW or 5KW solar setup to get rid of high bills and generate own electricity.

3KW or 5KW Solar System Suitable for Your Home

Every household has different needs and they can install the solar setup with the capacity, which meets their requirements. Before heading to the installment process, you must learn, which things can be used on 3KW or 5KW setups.

3KW is suitable for small homes as it can run 20 lights, six fans, one air condition, one fridge, one television, one WiFi modem and one computer simultaneously. If you want to use washing machine or water motor, you will have to switch off AC and other items to manage the load.

The 5KW system is suitable for medium home as it can runs 25 lights, eight fans, two air condition, one fridge, one television, one WiFi modem and two computer simultaneously.

3KW Solar Panel Installment Plan by UBL

The UBL bank offers following four solutions for 3KW setup:

Solution 1 – 3kW (2560W Panels with 1 Hour Backup)

Solution 2 – 3kW (4480W Panels with 1 Hour Backup)

Solution 3 – 3kW (2560W Panels with 1.5 Hour Backup)

Solution 4 – 3kW (4480W Panels with 1.5 Hour Backup)

The price of the 3KW setup starts from Rs519,908 and goes up to Rs738,298, depending on the quality of solar panel plates and inverter. The bank offers installment plan for up to 36 months.

Model	Price	3 months	6 months	12 months	18 months	24 months	30 months	36 months
Solution 1	519,908	178,527	91,257	47,665	33,173	25,956	21,649	18,796
Solution 2	685,609	235,427	120,342	62,857	43,746	34,228	28,548	24,786
Solution 3	550,160	188,915	96,567	50,439	35,103	27,466	22,908	19,890
Solution 4	738,298	253,519	129,590	67,687	47,108	36,859	30,742	26,691

5KW Solar Panel Installment Plan by UBL

The UBL bank offers following three solutions for 5KW setup:

Solution 1 – 5kW (2560W Panels with 1 Hour Backup)

Solution 2 – 5kW (3840W Panels with 1 Hour Backup)

Solution 3 – 5kW (7040W Panels with 1 Hour Backup)

The price of the 5KW setup ranges from Rs666,231 and goes up to Rs1,113,689, depending on the quality of solar panel plates and inverter. Following is the complete table for prices and installment plans:

Model	Price	3 months	6 months	12 months	18 months	24 months	30 months	36 months
Solution 1	666,231	228,772	116,940	61,080	42,509	33,261	27,741	24,086
Solution 2	775,228	266,200	136,072	71,073	49,464	38,703	32,280	28,026
Solution 3	1,113,689	382,422	195,480	102,103	71,060	55,600	46,373	40,263