Solar panel easy installment plans for 3KW, 5KW system– June 2024

By installing a solar energy system, you can significantly reduce your electricity bills and achieve sustainable savings. Solar energy, also known as renewable energy, allows users to generate their own electricity and sell any excess power back to the national grid.

NEPRA oversees this process through Net Metering, where the existing uni-directional meter is replaced with a bi-directional meter. This setup records electricity flow both to and from your premises, ensuring net profit through metering.

This process is similar to that used by large-scale industrial power plants, where major power producers supply electricity to the central grid. Note that additional safety measures are required at the premises to ensure the safety of your family. This approach not only lowers your electricity bills but also contributes to overall savings from the grid.

Although the initial installation cost of a solar setup is substantial, various banks, including United Bank Limited (UBL), offer easy installment plans for solar systems.

For residential purposes, many people opt for 3KW or 5KW solar setups to eliminate high bills and produce their own electricity.

3KW or 5KW Solar System Suitable for Your Home

Every household has unique needs, and they can install a solar setup with the capacity that best meets their requirements. Before proceeding with the installation, it’s important to understand what appliances can be supported by 3KW or 5KW systems.

A 3KW setup is ideal for small homes, as it can power 20 lights, six fans, one air conditioner, one fridge, one television, one WiFi modem, and one computer simultaneously. However, to use a washing machine or water motor, you will need to switch off the air conditioner and other items to manage the load.

A 5KW system is more suitable for medium-sized homes, capable of running 25 lights, eight fans, two air conditioners, one fridge, one television, one WiFi modem, and two computers 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.

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: