Net Billing & Financing
What replaced net metering, the K-Electric process and ways to pay for solar.
Net billing and financing · Loans
Solar Financing and Bank Loans in Karachi
Banks still finance rooftop solar in 2026, but the cheap subsidised scheme has ended. Here is what remains, and how to get a loan application ready.
- ✓ What banks offer
- ✓ What changed in 2026
- ✓ Papers to prepare
Where solar loans stand in 2026
The News reported that solar loans are now linked to commercial KIBOR rates, because the State Bank of Pakistan subsidised refinance scheme has expired. Higher commercial rates make monthly instalments steeper than they were under the subsidised scheme.
At the same time, net billing lowered what exported power earns, which lengthens the payback of a system. Both changes mean you should check the sums on a loan before you sign.
Banks still offer products, and the examples below come from published reports and bank pages.
Examples from published sources
Terms change. Confirm every figure with the bank before you rely on it.
| Bank | What was reported | Source |
|---|---|---|
| Meezan Bank | A Shariah-compliant residential solar product under Musawamah. Financing of Rs 100,000 to Rs 2.5 million, over one to five years | The News, 2026 |
| JS Bank | A green financing portfolio with solar products for residential, commercial and agricultural use, including Smart Roshni Solar Financing | The News and JS Bank page |
Other banks may also lend. We do not recommend a bank. Compare the offers yourself.
What banks usually check
The News also reported the following conditions across solar lending. Expect questions on them.
- Debt burden. Standard limits on how much of your income goes to repayments can exclude fixed-income households.
- Equipment as security. The solar equipment is hypothecated to the lender.
- Insurance. Comprehensive insurance is mandatory, and frequent damage claims raise premiums.
- Certified panels and qualified installers. Lenders vet the equipment and the installer.
- Right-sized systems. Meezan said financing should match consumption and repayment ability.
How to prepare a loan application
A little work first saves weeks later.
- 1
Size the system from your bill
A bank wants to see that the system matches your use. Our system size guide shows how.
- 2
Get an itemised written quote
Ask for the model of every major part, the warranty terms and the tax. We give itemised quotes you can take to a bank.
- 3
Ask the bank what it needs from the seller
Some banks keep lists of approved sellers or installers. Ask before you pay any advance.
- 4
Gather your papers
Banks ask for identity, income and address documents. Ask your bank for its list.
- 5
Do the sum
Compare the total repaid with the cash price, and with your expected savings under net billing.
Check the total, not the monthly amount
A small monthly amount over a long period can cost far more than the cash price. Ask for the total you will pay, the cash price, the markup and the charge for early settlement. The gap between the total and the cash price is the true cost of the loan.
Loans and net billing
Under net billing, savings come mainly from the power you use yourself, so a system sized for own use gives the most reliable savings against a monthly repayment. Our net billing guide explains the new rules. If a loan needs a grid connection, remember that K-Electric applications go through a PPIB pre-qualified vendor, which we are not.
FAQs
Questions people ask us
Short answers. For your own property, send us your electricity bill and roof details.
Ask on WhatsAppYes. Meezan Bank and JS Bank are among the banks reported to offer solar financing. Check the current terms with the bank.
The News reported that the State Bank of Pakistan subsidised refinance scheme has expired, so loans are linked to commercial rates.
The News reported Rs 100,000 to Rs 2.5 million over one to five years for its residential product. Confirm with the bank.
The News reported that comprehensive insurance is mandatory on financed systems.
Yes. We give an itemised written quote with models, warranty terms and tax shown. Ask your bank what else it needs.
Sources
- Solar financing faces hurdles as net billing reshapes rooftop demand, The News
- JS Smart Roshni Solar Financing, JS Bank
Rules and figures on this page were checked in October 2026. They change, so confirm the current position before you commit money.
Related pages
Solar on Instalments
How installment plans for solar work, what to ask and what to avoid.
Government Solar Schemes
Government solar programmes in Sindh, who they cover and how to check them.
3 kW, 5 kW, 6 kW Systems
3 kW, 5 kW and 6 kW systems: output, roof area, loads and quote checks.
Planning to finance your system?
Send your bill and your area. We will size the system and give you an itemised quote to take to your bank. The estimate is free.