Solar panel prices continue to decline

KARACHI: The prices of solar panels in Pakistan have fallen sharply making it easier for consumers to install the cheaper alternative to expensive electricity bills.

According to dealers, the prices have crashed due to an ample supply of equipment in the local market and a downward trend in rates internationally, adding the rates have come down by 30 per cent in the last six months.

Are solar panels becoming a headache for the govt?

They shared that the per watt price has decreased massively to Rs40 or more in the market and panels of different brands are currently available at Rs37/watt, a massive decline compared to Rs80/watt in 2022.

The dealers said that installation of a 5kW solar power system now costs cheaper by Rs215,000 while the price of a 5kW system has decreased by Rs430,000.

However, there’s no change in the rates of inverters and batteries.

This declining trend is expected to continue.