Solar Panel Prices in Pakistan has witnessed a shocking slump due to recent decrease in electricity prices across the country, which caught the attention of residents and general public. It will help households to transfer their power system to solar power because of rising temperatures and perennial load-shedding.
In many cities of Pakistan, like Hyderabad, Karachi, Bahawalpur, Lahore, and Peshawar, prices of solar panels dropped. The price of a 585-watt A-grade solar panel is lowered to PKR 16,500 from PKR 22,000, which gives benefits to middle- and lower-class families and makes it affordable for them.
This affordability is fueling high demand for solar panels in the business market. Most residents are preferring small-scale installations for their power system. The public increasing interest in solar panels because of HESCO’s pertinacious electricity cuts and the upcoming rough summer is another reason for high demand. The market trends propound that the more people buying solar panels for steady electricity, the more prices will decline.
Another reason for the growth of demand is the government’s new net metering policy, which allows consumers to buy surplus solar electricity from PKR 27 to PKR 10 per unit .
This initiative also facilitates households in lowering the financial burden and provides an uninterrupted power supply. Now solar panels are becoming the more efficient and affordable choice for households across the country, which is excellent for technological progress.
