How to Get SBP Solar Financing in Pakistan (2026): Categories & Bank Criteria
By PSI Editorial · 6 min · Updated August 21, 2026
💡 Quick Summary & Key Takeaways
- Regulatory Authority: State Bank of Pakistan (SBP)
- Financing Limit: Up to PKR 2 Billion (Category II up to 400 Million)
- Repayment Tenor: Up to 10 Years (including up to 1-year grace period)
- Participating Financial Institutions: 20+ Commercial & Islamic Banks
1. SBP Refinancing Scheme Architecture
Under the State Bank of Pakistan Renewable Energy Refinancing framework, commercial banks provide concessionary long-term credit to prospective solar energy investors, which the SBP subsequently refinances at subsidized policy rates.
2. Eligibility and System Criteria
To qualify for SBP concessionary financing:
- Project must utilize certified Tier-1 equipment conforming to international IEC standards.
- Installation must be executed by an AEDB-accredited installer.
- Borrowing entity must satisfy standard prudential regulations and credit score benchmarks.
3. How to Apply via Participating Banks
Contact the Commercial Banking or SME Green Desk of any participating commercial bank with your technical project feasibility study, bill of quantities (BOQ), and audited financial statements.
Frequently Asked Questions
What is the SBP Renewable Energy Scheme?
It is a concessionary refinancing facility created by the State Bank of Pakistan to promote clean solar energy across industrial, commercial, agricultural, and residential sectors.
What are the 3 categories under the SBP Solar Scheme?
Category I: Large projects (up to 50MW). Category II: Small & Medium Enterprises, commercial and residential (up to 1MW). Category III: Renewable energy vendors and suppliers.
Which commercial banks disburse SBP solar loans?
All major commercial and Islamic banks in Pakistan (HBL, UBL, MCB, Meezan, Bank Alfalah, Bank of Punjab, JS Bank) disburse SBP refinancing loans.