Solar Financing
Solar Financing
Blackstone Energy, in partnership with top banks, offers you the opportunity to install solar panels today and pay for them later through convenient installment plans. Benefit from subsidized bank financing with a fixed monthly payment over a chosen duration, tailored to meet your specific requirements. With this program, you can generate free electricity for a lifetime and potentially even achieve zero or negative energy bills.
Solar financing options are available for both residential and commercial purposes, ensuring that individuals and businesses can take advantage of this sustainable energy solution.
Residential Solar Financing
Features
Flexible Duration:
Choose a tenure between 3 to 5 years based on your preference.
Financing Range:
Avail financing from Rs. 500,000/- to Rs. 2.5 million/-.
Subsidized Interest Rate:
Benefit from a low annual interest rate of 6%.
No Collateral Required:
The solar system serves as its own collateral, eliminating the need for additional security.
Eligibility Requirements:
- Applicant holding CNIC with a maximum age of 60 years on expiry of finance facility.
- Must be the owner of the residence.
- Must be residing within 30 km radius of the financing branch.
- Utility bills should be in the name of the applicant.
Requirements for Salaried Individuals
- Provide two recent passport-size photographs.
- Submit a copy of your CNIC/NICOP.
- Must be the owner of the residence – Provide a copy of the home registry and electricity bill.
- The electricity bill should be in the name of the applicant/owner of the house.
- Open a Current or Savings account at JS Bank.
- Provide attested copies of the latest three months’ pay slips.
- Submit an attested employment certificate.
- Provide an attested six month’s bank statement from your salary account.
- Must be an income tax payer – Provide the FBR certificate online.
- Obtain a quotation for the solar panel system from Pantera Energy Pvt. Ltd.
- Fill out and sign the JS GharApna Solar Panel financing application form.
- Submit CF-1 Undertaking Form and Solar Panel Key Fact Sheet Form from JS Bank.
Requirements for Businessmen
- Provide two recent passport-size photographs.
- Submit a copy of your CNIC/NICOP.
- Submit CF-1 Undertaking Form and Solar Panel Key Fact Sheet Form from JS Bank.
- Must be the owner of the residence – Provide a copy of the home registry and electricity bill.
- The electricity bill should be in the name of the applicant/owner of the house.
- Open a Current or Savings account at JS Bank.
- Fill out and sign the JS GharApna Solar Panel financing application form.
- Obtain a quotation for the solar panel system from Pantera Energy Pvt. Ltd.
- Maintain an average balance of Rs. 100,000/- per month.
- Provide proof of the last 2 years of business, such as certifications of business from any government organization.
- Submit the last 1 year’s bank statement for the business or personal account, attested by the branch, along with an account maintaining certificate.
- Maximum of 3 bank statements may be required for income clubbing.
- Must be an income tax payer – Provide the FBR certificate online.