The solar panel prices in Pakistan have recently experienced a notable decline, coinciding with reports of taxes being imposed on residential and commercial setups across the country.
According to traders, the price of solar panels in Pakistan has witnessed a significant drop of 30 percent over the last six months, presenting favorable conditions for buyers.
This substantial reduction in prices has been attributed to an increase in the supply of solar panels in the market, contributing to the overall affordability of solar energy solutions.
Traders further disclosed that the per-watt price of solar panels has now fallen below Rs40 in Pakistan, marking a considerable cost reduction for consumers.
Per Watt Price of Solar Panel in May 2024
The average price of per watt solar panel in Pakistan stands at Rs37, said the traders amid fears of further decline in the rates.
Latest Price of 7-Kilowatt System in Pakistan
As of May 2024, the solar panel plates for 7-kilowatts system will now cost Rs259,000 in Pakistan.
New Price of 12KW Solar Panel Pates
The solar panel plates for a 12-kilowatt system will now costs Rs444,000.
