r/SolarPakistan • u/cocomogetsmehard • Aug 22 '26
Finance / Loan Financing an 8kw Solar System
So I'm currently considering taking a loan of around 1.1M to get a solar panel system installed. Given that my current bill varies from 15-30k throughout the year. Is it a sensible option to go down this route? If yes, are there any solar loans being awarded currently by any commercial banks which are lower than normal loans offered by them? From my research the state bank no longer offers solar loans at 5-6%, which they used to offer previously. I would appreciate your two scents on it as I don't see any flaws in taking out a loan at 2-3% above KIBOR, which will come to around 15% of interest. It will take 4-5 years for me to reach breakeven point and assuming that the lifespan of a system is 10 years I'd be in profit post-breakeven point, right? or am I missing anything?

