In a recent development, Pakistan has witnessed a significant spike in solar panel prices, causing concern among consumers. The increase, ranging from 75,000 to 300,000 Pakistani Rupees, is attributed to heightened demand ahead of the summer season.
Latest Solar Panel Price in Pakistan:
The impact of this surge is evident across different solar panel systems. For instance, a 7-kilowatt system, previously priced at 850,000 Rupees, has now escalated beyond 920,000 Rupees. Similarly, a 10-kilowatt system has seen a jump from 11 lakh Rupees to 12.5 lakh Rupees. Larger systems, including 12-kilowatt and 15-kilowatt setups, have experienced increases, reaching 16 lakh Rupees and 18 lakh Rupees, respectively.
The fundamental cause behind these price hikes is primarily associated with grid-connected solar panel systems, particularly those incorporating hybrid setups with additional expenses for energy storage batteries. This has resulted in a cascading effect, impacting consumers participating in the federal government’s net metering project.
The escalating prices are imposing financial pressure on consumers, with a particular emphasis on those engaged in sustainable energy initiatives. As the cost of solar panels continues to rise, it raises concerns about the viability and accessibility of solar energy solutions for the broader population.
The fluctuation in solar panel prices in Pakistan is a complex interplay of economic factors and occasional political instability. Variables such as brand reputation, efficiency ratings, capabilities, and specific installation requirements contribute to additional expenses, making solar panel systems more costly for consumers.
