Prices have increased significantly as a result of the nation’s increased demand for solar panels in advance of the summer.
Details indicate that solar panels now cost Rs. 300,000 instead of Rs. 75,000. For example, a 7-kilowatt system that cost Rs. 850,000 earlier is now more over Rs. 920,000.
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In a similar vein, a 10-kilowatt solar panel system now costs Rs. 12.5 lac instead of Rs. 11 lac. Furthermore, the cost of a 12-kilowatt system has increased from Rs. 14 lac to Rs. 16 lac.
In the meantime, a 15-kilowatt system now costs Rs. 18 lac after rising by Rs. 300,000. The price rise mostly impacts grid-connected solar panel systems; hybrid configurations incorporating energy-storage batteries will suffer additional costs.
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Consumers are facing financial strain due to the rising costs of solar panels, especially those who are participating in the federal government’s net metering program.
Pakistan’s solar panel prices are subject to fluctuations due to a range of economic reasons and the sporadic political unrest that occurs there. The efficiency rating, capacity, installation requirements, and reputation of the brand all contribute to the rising expenses.
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