PEF School Solar Panel Loan Scheme Registration has been started today on 14 February 2024. Applications are online through the PEF website and will be accepted until April 30, 2024. The Punjab Education Endowment Fund (PEF) has launched the School Solar Loan Scheme 2024 to encourage Punjab schools to install solar power systems. Eligible schools can get loans covering 80% of the solar installation expenses at a 5% annual interest rate, repayable over 5 years. To apply, schools need government registration, an NOC, a minimum of 100 students, and a building of at least 1,000 sq ft. The loan will be paid directly to installers. The initiative aims to promote sustainable energy practices and reduce electricity costs.
Interested schools can apply by visiting the PEF website and navigating to the ‘Green Initiatives’ section. Complete the online form with accurate information and upload the necessary documentation. Upon submission, the PEF team will review the application and contact the school with the next steps.
Important Dates
| Department | Punjab Education Foundation |
| Type | Solar Panel Loan |
| Registration Start Date | 14th February 2024 |
| Last Date to Apply |
30th April 2024 |
| Registration Online | Click Here |
| Posted By | Applykar. pk |
PEF School Solar Panel Loan Scheme 2024 Registration Online
If you want to apply for a solar panel loan for PEF School in 2024, visit the official website and click on the ‘Green Initiatives’ section. Then, click on the ‘Solar Panel Loan Application’ link to access the online form. Fill in all required fields with accurate information, including school details, contact information, and solar project specifics. Upload necessary documents like financial statements and project proposals. Once submitted, our team will review your application and get back to you with the next steps. Apply now to help PEF School achieve sustainability through solar energy.
Eligibility Criteria for PEF School Solar Panel Loan 2024
- School Type: Both government and private schools in Punjab are eligible.
- Student Count: Schools must have a minimum of 100 students.
- Building Size: The school building must cover at least 1000 square feet.
- NOC Requirement: Schools must possess a valid No Objection Certificate (NOC) from the relevant electricity distribution company.
- Location: The scheme is specifically available for schools located in Punjab.
- Application Process: Schools can register online through the PEF website, providing basic information such as school name, contact details, and student count.
How to Apply for PEF School Solar Panel Loan 2024
- Visit the Punjab Education Endowment Fund (PEF) website.
- Look for the section related to the School Solar Panel Loan 2024 scheme.
- Click on the “Apply Now” or “Registration” button.
- Fill out the online application form with the required details.
- Provide information such as the school’s name, contact details, student count, building size, and the relevant electricity distribution company’s No Objection Certificate (NOC).
- Double-check all the information provided to ensure accuracy.
- Submit the application form electronically through the website.
- Await confirmation or further instructions from the PEF regarding your application status.
| Solar System Size | Estimated Price Range | Subsidy Applicable | Prices After Subsidy |
| 1kW Solar System | Rs. 75,000 – Rs. 85,000 | Rs. 18,000 | Rs. 57,000 – Rs. 67,000 |
| 2kW Solar System | Rs. 1,50,000 – Rs. 1,70,000 | Rs. 18,000 x 2 = Rs. 36,000 | Rs. 1,14,000 – Rs. 1,34,000 |
| 3kW Solar System | Rs. 1,89,000 – Rs. 2,15,000 | Rs. 18,000 x 3 = Rs. 54,000 | Rs. 1,35,000 – Rs. 1,61,000 |
| 4kW Solar System | Rs. 2,52,000 – Rs. 2,85,600 | Rs. 18,000 x 3 + Rs. 9,000 x 1 = 63,000 | Rs. 1,89,000 – Rs. 2,22,600 |
| 5kW Solar System | Rs. 3,15,000 – Rs. 3,57,000 | Rs. 18,000 x 3 + Rs. 9,000 x 2 = Rs. 72,000 | Rs. 2,43,000 – Rs. 2,85,000 |
| 10kW Solar System | Rs. 5,31,000 – Rs. 6,07,000 | Rs. 1,17,000 | Rs. 4,14,000 – Rs. 4,90,000 |
PEF School Solar Panel Loan Scheme 2024 Registration Last Date
The PEF School Solar Panel Loan Scheme 2024 offers a great opportunity for eligible schools in Punjab to install solar power systems with the help of a loan. However, it is important to note that the last date for registration is 30th April 2024. All interested schools must apply online through the PEF website before the deadline. By doing so, they can take advantage of the benefits offered by the scheme, such as reduced electricity costs and the promotion of sustainable energy practices. Don’t miss out on this opportunity to help your school transition to renewable energy sources. Apply now for the PEF School Solar Panel Loan Scheme 2024.
