Solar Panel Installment 2024 by Punjab Govt of Pakistan
Shortage and high electricity prices are big issues in Pakistan. Many small businesses are at a loss due to it. Also, the electricity charges at the domestic level are very high. People from every sector are facing a significant problem due to it.
To overcome these problems, the Government of Pakistan has launched the Solar Panel Installment Scheme. Through this scheme, the beneficiaries can deploy the solar panels at a large scale but have to pay the money in easy installments.
For complete details of solar panel scheme you can read CM Punjab Solar Panel Scheme 2024
How To Registration For Solar Panel Installment 2024 :
The government has attached Solar Panel Installment 2024 scheme with the Roshan Gharana housing scheme to make the application easy. This scheme covers 85% of the solar system charges and the 30% of the renovation charges. This scheme will cover consumers up to 100 units per month.
| Information | Details |
|---|---|
| Name of Scheme | Solar Panel Installments- Roshan Gharana Program |
| Launched By | It is initiated by CM Punjab Maryam Nawaz |
| Target of Scheme | Its main target is to deliver solar systems to 50,000 Punjab citizens |
| Criteria of Eligibility | Consumers upto100 units will be covered |
| Funding in this project | In the first phase 12.6 billion rupees has been allocated |
| Components of solar System | The solar Plates, inverter & other necessary components. |
| Registration | In Process |
| First phase | In the first phase 50,000 consumers will be covered |
| Selection Process | The blotting will be done between the registered beneficiaries |
Application process of Solar Panel Installment 2024 with State Bank of Pakistan
State Bank of Pakistan is dealing with the application for every scheme related to Roshan Gharana. To see all the features and to calculate your installments, you can check the link:
From here, you will calculate all loan installments. You will know how much you need to pay per month and in how many years your complete installment will be done.
Benefits of Solar Panel Installment 2024 Punjab Govt of Pakistan 2024
Solar electricity is one of the cheapest forms of electricity. Many countries manufacture thousands of megawatts from them. In our country, we make electricity from fuel, so electricity prices are very high. So, you can quickly reduce your electricity changes by installing solar panels.
The shortage of electricity will also not affect you in these cases. Because in the daylight all the electricity will be produced by you. In the On-grid system, you will give extra units to WAPA. At night, you will use those units, which will be subtracted from your net bill.
Installing Procedure of Solar Panel
Solar Panel Installment 2024 systems are very simple. Some of the basic things must be kept in mind during installation.
- Solar Panels produce DC, so AC appliances can not be run on them without an inverter.
- The Ongrid, Offgrid, and Hybrid systems are working in Pakistan.
- The inverter’s max capacity must be more than the total load of appliances that will be used at a time on solar.
- The solar system will only work in daylight.
- For the night, you will need the batteries. Battery systems are the most costly in Pakistan right now.
The Solar Panel Installment 2024 scheme will cover only your solar plates and inverter chargers. Any other things like batteries you want to install with them will not be covered under this scheme.
Conclusion
Energy crises are one of the major issues in Pakistan. The government of Punjab has decided to help people set up solar systems to resolve this issue. They have set up a budget of 12.6 billion rupees for Solar Panel Installment 2024 scheme. Through this, they will facilitate the 50000 consumers on a loan system with zero interest.
This scheme will cover solar plates and necessary appliances. This scheme will not cover the battery system or other components. Only consumers with less than 100 units will be facilitated in the first phase.