Solar energy serves as a long-term power solution, particularly for consumers who own solar energy facilities. The net metering policy enables such consumers to effectively utilize both solar and grid electricity:
RS Energy assists customers in completing the application and necessary documents according to NEPRA and AEDB requirements.
Following application approval, the relevant DISCO conducts an on-site inspection, with RS Energy providing support to clients during this process.
Upon meeting all legal requirements, the DISCO and consumer sign a seven-year contract.
The allocation of an electricity generation license permits the consumer to feed surplus electricity back into the grid.
RS Energy facilitates the connection of the inverter and reverse meter, ensuring the seamless transmission of solar power to the grid.
RS Energy has made extensive agreements with banks to help finance the solar system at an extremely competitive rate (6% Markup). However, loan agreements are being carried out directly by the customers. We still provide help in establishing loan arrangements by connecting with Financial Institutions. We help consumers complete all requested loan documentation. Our solid relationship with Banks will help our customers get their applications approved shortly.
Households, owners of commercial buildings, agricultural clients and SMEs, etc. can avail the benefits of solar financing as per the State bank of Pakistan Renewable energy Scheme. Financing is available to prospective sponsors, desirous of installing renewable energy source-based projects/ solutions for the generation of electricity up to 1 MW for their use and/or selling of electricity to the distribution company under NEPRA’s Net Metering Regulations. The maximum tenor of financing is 10 years, including a grace period of up to 3 months. The mark-up rate is up to 6 percent p.a.