The Solar Panel prices in pakistan have declines to historic lows, now ranging between Rs30-32 per Watt. This dramatic decline represents the most significant drop in the history of the industry, revolutionizing the solar energy market in the country.
The steep reduction in solar panel prices can be attributed to two main factors:
- Oversupply in the Domestic Market: A substantial increase in the availability of solar panels has led to heightened competition among suppliers, driving prices downward.
- Global Drop in Lithium Battery Costs: Over the past year, international lithium battery prices have fallen by nearly 50%. This global trend has influenced solar panel prices, contributing to the lower costs observed in Pakistan.
The reduction in solar panel prices has coincided with a significant expansion in Pakistan’s solar energy sector. Since 2023, several factors have fueled this growth:
Rising Electricity Costs: Escalating electricity bills have prompted many to seek alternative energy solutions, with solar power emerging as a popular choice.
Growing Demand for Net Metering Systems: The drop in solar panel costs has led to a surge in the adoption of net metering systems, allowing consumers to better manage their energy expenses.
Latest Solar Panel Prices in Pakistan (2024)
For those interested in the latest solar panel purchasing, here are the current prices for various models:
| DESCRIPTION | WATT | PANEL PRICES |
|---|---|---|
| Longi 500 Watt Single Glass A-Grade | 550 | Rs18,500 |
| Longi 540W Mono Solar Panel | 540 | Rs19,980 |
| Longi 545W Mono Perc Solar Panel | 545 | Rs20,165 |
| Longi 550 Watt Single Glass A-Grade | 550 | Rs20,350 |
| Longi 550 Watt B-Grade Size 45/90 | 550 | Rs18,000 |
| Longi 555 Watt Single Glass A-Grade | 555 | Rs20,535 |
| Longi Hi-Mo 6 A-Grade | 570 | Rs20,230 |
| Longi Hi-Mo 6 A-Grade | 580 | Rs22,620 |
| Longi Hi-Mo 6 A-Grade | 585 | Rs22,815 |
Despite these advancements, the prices for dry batteries have remained stable, as local importers have been slow to transfer the cost reductions to consumers. The demand of Batteries solely depends on supply and demand in summer season.
However, Solar Panels were imported from china (Overstocked) and smuggled from Iran are largely being sold, There’s no official warranty of 10 to 25 years, the marketing gimick, once the panel is damaged it will not to be replaced and Solar panel efficeincy depreciates 3 to 5 percent yearly.
Every Pakistani needs to cut down their electricity bills as much as possible here how you can Cut Your Electricity Bill by Half with the Haier AC UPS Device
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