A complete guide to financing your solar system in Pakistan. State Bank green loans, major bank schemes, Punjab government subsidies, and how to apply — all in one place. Solar is now affordable even without full upfront capital.
Pakistan's electricity tariff has risen 155% in the last 3 years and is expected to keep rising. A 6kW solar system saves Rs. 18,000–30,000/month. Even with loan repayments of Rs. 15,000–20,000/month, you are cash-flow positive from Day 1. The system pays off the loan — and then keeps saving for 25 more years.
The State Bank of Pakistan (SBP) has issued guidelines requiring commercial banks to offer green financing products, including solar loans for residential and commercial customers. Under this framework:
Rates and eligibility change. Always confirm current terms directly with the bank. Saigal Solar can refer you to the bank that has historically processed applications fastest in Faisalabad.
The Punjab government has allocated Rs. 12.6 billion to subsidise rooftop solar systems for 100,000 residential customers. The scheme targets households with monthly electricity bills between Rs. 3,000 and Rs. 10,000. Systems are supplied at subsidised cost through registered installers. Eligibility and application windows open periodically — contact our team or check the Punjab Energy Department website for current status.
Additionally, FESCO and LESCO periodically run net metering incentive programmes. While export tariffs have been reduced (now Rs. 10–12/unit), self-consumption still provides Rs. 35–65/unit in savings depending on your tariff slab.
Use our free design tool or call us to get a full itemised quotation for your solar system. Banks require a formal quote from a registered installer. This is free and takes under 60 seconds with our design tool.
Compare offers from HBL, MCB, Bank Alfalah, and Meezan. We recommend calling at least 2 banks. Ask specifically for their solar/green financing product — general consumer loans have much higher rates.
CNIC, 3–6 months bank statements, salary slip or business proof (NTN/business certificate), utility bill for the property, and your solar quotation. Joint applicants need spouse CNIC as well.
The bank may send a representative to inspect the property. Approval typically takes 7–21 working days. Banks may offer a letter of intent before final disbursement.
Once approved, the bank disburses the loan amount directly to the installer. Saigal Solar coordinates with the bank and begins installation. Some banks release funds in stages tied to installation milestones.
| Factor | Pay Cash | Solar Loan (5 yrs) |
|---|---|---|
| Upfront Cost | Rs. 796,900 (full) | Rs. 0 – Rs. 80,000 (down payment) |
| Monthly Repayment | None | Rs. 15,000 – Rs. 20,000 |
| Monthly Electricity Saving | Rs. 18,000 – Rs. 28,000 | Rs. 18,000 – Rs. 28,000 |
| Net Monthly Cash Flow | +Rs. 18K–28K from Day 1 | +Rs. 0–13K during loan, then +Rs. 18K–28K |
| Total Interest Cost | Rs. 0 | Rs. 80,000 – Rs. 150,000 (over 5 yrs) |
If you have the cash, paying upfront saves the interest cost. If not, a solar loan is still financially positive — your electricity savings cover the repayment from month one on most FESCO residential tariff slabs.