Solar panel prices in Pakistan have reached unprecedented lows, now costing between Rs. 30-32 per watt. This significant price drop stems from excess supply in the local market and falling international rates.
Industry experts report that the price reduction is largely due to a global decline in lithium battery costs, which have halved in the past year. While this global trend has impacted domestic solar panel pricing, dry battery prices remain high as importers maintain elevated rates.
Pakistan’s solar energy sector has experienced rapid growth since 2023, driven by imports from China to meet increasing demand for net metering. As grid electricity costs continue to rise, many consumers are turning to more affordable and reliable solar energy options.
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The current market conditions present an opportunity for Pakistani consumers and businesses to invest in solar energy solutions at significantly reduced costs. This trend could accelerate the country’s transition to renewable energy sources and potentially alleviate pressure on the national power grid.
However, industry analysts caution that these low prices may not be sustainable in the long term. Factors such as global supply chain fluctuations, changes in government policies, and potential increases in raw material costs could impact future pricing.
As the situation develops, stakeholders in Pakistan’s energy sector will be closely monitoring these price trends and their potential impact on the country’s renewable energy landscape.
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