Despite the Pakistan government’s promotion of domestic energy production through solar panels, the solar panel price has increased dramatically ahead of summer. Check here for the solar panel’s latest price for February 2024.
Solar panel is a source of renewable energy that reduces reliance on the national grid as a household can generate electricity on its own for daily routine use. With a net-metering system, extra electricity can also be sold to the government.
READ MORE: Prices for Solar Panels in Pakistan Skyrocket Before Summer, Details Inside
Even in areas where load shedding occurs during the summer, residents can still get power from the solar panels without interruption.
According to the reports, solar panel prices in Pakistan increased by up to Rs300,000. The most recent solar panel prices are listed below:
| Solar Panel Capacity | Old Price | New Price |
| 7-kilowatt | Rs850,000 | Rs920,000 |
| 10-kilowatt | Rs1,100,000 | Rs1,250,000 |
| 12-kilowatt | Rs1,400,000 | Rs1,600,000 |
| 15-kilowatt | Rs1,500,000 | Rs1,800,000 |
In all Punjab cities, the price of solar panels with varying capacities are nearly the same. Prices may differ slightly between cities.
Meezan Bank solar panel financing plan for 10-kilowat setup for the period of two years.
| Category: | Salaried |
| Quotation Amount: | Rs920,000 |
| Down Payment: | Rs230,000 |
| Tenure: | 2 Years |
| Installment # | Installment Month | Monthly Payment |
|---|---|---|
| 1 | March 2024 | 41,729 |
| 2 | April 2024 | 42,046 |
| 3 | May 2024 | 41,058 |
| 4 | June 2024 | 40,890 |
| 5 | July 2024 | 39,939 |
| 6 | August 2024 | 39,734 |
| 7 | September 2024 | 39,156 |
| 8 | October 2024 | 38,261 |
| 9 | November 2024 | 38,000 |
| 10 | December 2024 | 37,142 |
| 11 | January 2025 | 36,843 |
| 12 | February 2025 | 36,265 |
| 13 | March 2025 | 35,016 |
| 14 | April 2025 | 35,109 |
| 15 | May 2025 | 34,344 |
| 16 | June 2025 | 33,953 |
| 17 | July 2025 | 33,226 |
| 18 | August 2025 | 32,797 |
| 19 | September 2025 | 32,219 |
| 20 | October 2025 | 31,547 |
| 21 | November 2025 | 31,062 |
| 22 | December 2025 | 30,428 |
| 23 | January 2026 | 29,906 |
| 24 | February 2026 | 29,328 |
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