Solar System on Installments in Peshawar: 2025 Guide

Thinking of going solar for your shop or business in Peshawar but worried about the upfront cost?

Over a dozen banks are now offering solar loans ranging from ₨. 500,000 to ₨. 10,000,000 with interest rates as low as 6% and repayment terms up to 10 years.

Whether you run a business in Qissa Khwani Bazaar, Karkhano Market, or Deans Trade Center — affordable solar power is now within reach.

Key Questions to Ask Before Picking a Bank

If you’ve ever dealt with banks in Pakistan, you know the fine print can get confusing fast.

Solar financing is no different. Not all banks lay out the full picture. Some skip over important details until you’re already committed.

That’s why asking the right questions is a must:

Are there any hidden fees I should know about?
Is insurance part of the deal? What exactly does it cover?
Does the loan include all costs—solar panels, inverter, installation, and net metering?
What are the exact repayment terms and conditions?

A little clarity now can save you a lot of trouble later.

What’s the Real Cost of a Solar Loan?

When you take a solar loan, remember—you’re not just paying for the solar system, you’re also paying for the cost of borrowing.

Let’s say you install a 3kW system. Your monthly payment could range between PKR 18,000 to 24,000 for a 3-year loan.

Most banks apply around a 6% markup, and some may add insurance charges. This means your total cost can increase by 15–20% compared to an upfront purchase.

Is it still a good deal? Yes—if you budget wisely and fully understand the terms.

List of Banks and Their Solar Financing Programs

Bank of Khyber (BoK)

BoK leads Peshawar’s solar financing through its collaboration with the K-P government’s Pakhtunkhwa Energy Development Organization (PEDO).

Feature	Details
Loan Focus	Public buildings, low-income households
Loan Amount	₨500,000 – ₨10 million
Interest Rate	5% (subsidized for government projects)
Tenure	8–12 years
Special Feature	Priority processing for schools, hospitals

Meezan Bank

Meezan Bank offers Sharia-compliant solar financing through diminishing musharaka agreements.

Feature	Details
Financing Range	₨1–15 million
Profit Rate	7% (includes administrative fees)
Tenure	5–10 years
Eligibility	CNIC, property ownership, NTN registration

JS Bank (Smart Roshni Program)

JS Bank’s flagship program targets Peshawar’s residential and commercial sectors.

Feature	Details
Loan Cap	₨3.5 million (residential), ₨10 million (commercial)
Interest Rate	6% fixed
Repayment	Monthly installments over 7 years
Unique Benefit	Free energy audit

Bank Alfalah

Bank Alfalah provides term finance for solar systems up to 1 MW with net metering.

Feature	Details
Loan Range	₨2–15 million
Interest Rate	5.5–6%
Tenure	5–8 years
Collateral	Hypothecation for loans under ₨5 million

Soneri Bank

Soneri Bank offers tiered financing based on project scale.

Feature	Details
Residential Loans	Up to ₨3 million (hypothecation only)
Commercial Loans	₨3–5 million (additional collateral required)
Interest Rate	6.5% (residential), 7% (commercial)
Tenure	3–10 years

Bank of Punjab (Shamsi Tawanai Scheme)

BOP’s program emphasizes agricultural and SME solar adoption in Peshawar’s rural areas.

Feature	Details
Loan Focus	Solar tubewells, agro-processing units
Amount	₨300,000 – ₨4 million
Interest Rate	4.5% for first 2 years (rising to 6%)
Repayment	Harvest-season adjusted installments

National Bank of Pakistan (NBP)

NBP supports Peshawar’s industrial estates, including Hayatabad Industrial Zone.

Feature	Details
Loan Cap	₨20 million
Interest Rate	5.75% for export-oriented industries
Subsidy	1% rebate for early repayment
Tenure	10 years

Bank Islami

Bank Islami couples financing with technical support for commercial projects.

Feature	Details
Loan Amount	Up to ₨10 million
Interest Rate	6.5%
Value-Add	Free maintenance for 1 year
Tenure	7 years

Faysal Bank

Faysal Bank’s Solar for Industry scheme targets Peshawar’s textile and manufacturing sectors.

Feature	Details
Loan Amount	Up to ₨25 million
Interest Rate	6.25%
Repayment	Linked to export proceeds
Collateral	Machinery hypothecation

Delta Energy (Private Partner)

Delta Energy facilitates installations through bank partnerships in Peshawar.

Feature	Details
Services	Technical surveys, PESCO coordination
Loan Range	₨400,000 – ₨2.5 million
Markup Rate	8% (direct financing option)
Tenure	3–5 years

Eligibility Criteria for Peshawar Residents

Applicants must meet the following requirements:

Residential: Valid CNIC, property ownership proof, 6-month PESCO bill history.
Commercial: NTN registration, 2-year audited financials, K-P Chamber of Commerce membership.
Industrial: SECP registration, environmental compliance certificates.
Age Limit: 60 years at loan maturity.

Application Process in Peshawar

Documentation: Submit CNIC, property deeds, income/business proofs.
Technical Survey: Partner firms like Delta Energy assess site viability.
Bank Approval: Average processing time: 5–7 working days.
Installation: Certified vendors complete within 30 days.
Net Metering: Banks coordinate with PESCO for grid integration.

Challenges and Local Solutions

Upfront Costs: 20% down payment excludes low-income households.
- Solution: BoK’s staggered payment model for government-subsidized projects5.
Technical Literacy: Rural applicants lack awareness of net metering.
- Mitigation: JS Bank’s community workshops in Peshawar’s outskirts.
Grid Infrastructure: PESCO’s outdated systems delay net metering.
- Initiative: NBP-funded grid modernization in industrial zones.

Final Verdict

Going solar in Peshawar has never been easier or more affordable.

With bank-backed financing options offering low interest rates and flexible repayment plans, you can now enjoy clean without the burden of high upfront costs.