The prices of solar panels in Pakistan have witnessed a sharp decline, providing an attractive opportunity for individuals seeking to transition to solar energy.
The notable drop in prices spans across all grades of solar plates, presenting a timely solution for consumers grappling with record-high power tariffs and the looming threat of prolonged power outages.
Substantial reduction
The price correction can be attributed to the recent appreciation of the local currency against the US dollar, prompting a favorable market scenario for solar enthusiasts.
As a result, the 160W solar panel's cost has experienced a substantial reduction, ranging from Rs4,000 to Rs4,500, now priced at approximately Rs11,000, down from its previous rate of Rs15,000.
Latest prices
The decrease in solar panel prices has led to a surge in sales, particularly for larger solar plates. Consumers can now acquire solar panels in the range of Rs35,000 to Rs45,000, a noteworthy drop from the inflated prices that previously hovered around Rs70,000.
This development opens up new possibilities for a broader segment of the population to adopt renewable energy solutions.
Pakistan's shift to solar power
Solar power systems are gaining popularity as a renewable energy source in Pakistan. With minimal greenhouse emissions and lower operational and maintenance costs compared to conventional energy sources, solar energy is emerging as a sustainable choice.
This shift also contributes to reducing the country's dependence on imported fossil fuels, aligning with global efforts to mitigate climate change and decrease carbon footprints associated with electricity production.
