Pakistan witnessing a significant shift towards solar energy as the country looks to reduce its reliance on expensive fossil fuels. This growing trend has led to a noticeable drop in the prices of imported solar panels, which are now available at around Rs. 30-32 per watt, marking the lowest rates seen in recent years.
The decrease in prices is primarily attributed to an oversupply in the local market and declining international rates. Additionally, the global prices of lithium batteries halved, further contributing to the reduction in domestic solar panel costs. However, dry battery prices haven’t experienced the same decline, as importers have been hesitant to lower prices for local consumers.
Over the past year, Pakistan’s solar energy market has expanded rapidly, with imports from China playing a key role in meeting the growing demand for net metering solutions. The soaring cost of grid electricity has pushed many consumers to switch to more affordable and reliable solar energy options.
This transition towards solar power reflects a broader effort to embrace sustainable energy solutions and reduce the country’s dependency on traditional energy sources.
