The prices of solar systems in Pakistan have seen a substantial hike in November 2024, impacting consumers looking to invest in renewable energy solutions. Recent media reports indicate that companies in the market have raised prices for on-grid solar systems, while additional costs for batteries expected for those opting for hybrid systems.
New Solar System Prices
Here’s a breakdown of the new prices for solar systems ranging from 5 kW to 15 kW:
- 5 kW Solar System: Increased by Rs100,000, now priced at Rs750,000.
- 7 kW Solar System: Increased by Rs150,000, now costing Rs850,000.
- 10 kW Solar System: Increased by Rs200,000, with the new price reaching Rs1,150,000.
- 12 kW Solar System: Increased by Rs150,000, bringing the cost to Rs1,250,000.
- 15 kW Solar System: Increased by Rs150,000, now settling at Rs1,400,000.
Factors Behind the Price Hike
The recent surge in prices can be attributed to various factors, including inflationary pressures, increased demand for renewable energy solutions, and rising costs of solar equipment in the global market. As the push for sustainable energy sources grows, consumers may find themselves paying higher upfront costs for these systems.
Furthermore, those opting for hybrid systems will need to factor in additional expenses for batteries, further increasing the overall cost of installation.
The latest price hikes for solar systems in Pakistan highlight the dynamic nature of the renewable energy market. For those looking to go solar, it may be prudent to explore available financing options and consult with solar providers for tailored solutions that fit their budget and requirements.
