Solar Panel Price in Pakistan 2024: The Ultimate Guide
From luxury to necessity, solar panels are fast becoming household staples in Pakistan. First seen on the roof of the rich. But these days, even the middle class is holding onto their hard-earned cash because of rising energy prices. In addition, various tax reductions and subsidies for the installation of solar panels by the government of Pakistan have made this alternative and clean source of energy accessible to many. As demand increases, so do prices. In this blog, we will share the latest solar panel price in Pakistan (2024).
Solar Panel Price in Pakistan 2024
As mentioned earlier, the price of solar panels varies. However, this is not always due to supply-demand dynamics; the season or weather also affects it. For example, the cost of solar panels increases in the summer and decreases in the winter.
At the time of publishing this blog, the estimated price is mentioned below.
The cost of solar panels has surged from Rs. 75,000 to Rs. 300,000.
7 KW Solar System Price in Pakistan
A 7-kilowatt system previously priced at Rs. 800,000 now exceeds Rs. 900,000.
10 KW Solar System Price in Pakistan
Similarly, a 10-kilowatt system increased from Rs. 11 lac to Rs. 13.0 lac.
12 KW Solar System Price in Pakistan
A 12-kilowatt system rose from Rs. 14 lac to Rs. 16 lac.
15 KW Solar System Price in Pakistan
The price of a 15-kilowatt system is around Rs.18 lac.
The cost of solar panels increased from Rs. 75,000 to Rs; 300,000.
This price increase affects grid-connected solar panel systems in particular. In addition, a hybrid configuration that includes batteries for energy storage incurs additional costs. In addition, consumers are feeling the financial burden, especially those participating in the federal government’s net metering project (NEPRA).
Solar Price in Pakistan in Near Future
Are you waiting for the price to drop before making a decision?
Economic and Political Stability
Economic factors and political instability in Pakistan play a major role in contributing to fluctuating solar panel prices. The economic and political situation of a country can affect solar panel prices, resource availability, import/export policies, and overall market stability.
Additionally, several factors related to solar panels contribute to increased costs. Among them is the reputation of the brand, which reflects the quality and reliability of the panel. High-quality brands can command higher prices due to their reputation for durability and efficiency.
Efficiency Rating
Efficiency is an important factor affecting cost. Panels with high efficiency ratings usually cost more, but can produce more electricity in less space, and this will be a priority for certain installations.
The capacity of the solar panel system also affects the price, with larger systems being more expensive due to the number of panels required to meet the energy needs.
Installation Conditions
In addition, special installation requirements, such as the need for special installation equipment or complex wiring configurations, can add to the cost of the entire solar panel system. These factors together contribute to the price volatility observed in the solar panel market in Pakistan.
Conclusion (Solar Panel Price in Pakistan)
We have written extensively on this topic to provide our readers with the most complete and up-to-date information on solar panel systems and solar panel price in Pakistan. Before making your final decision, you might like to read this blog: Solar Panels Energy Advantages and Disadvantages