KARACHI – Solar panel prices in Pakistan saw another decline amid reports of tax imposition on residential and commercial setups in the country.
Traders told the media that the price of solar panels in Pakistan dropped by 30 per cent in the last six months, which is good for buyers.
They revealed that the massive price decline was witnessed due to a higher supply of solar panels in the market.
They said the per watt price of solar panels has dipped below Rs40 in Pakistan.
The average price per watt solar panel in Pakistan stands at Rs37, said traders amid fears of further decline in the rates.
As of May 2024, the solar panel plates for the 7-kilowatt system will now cost Rs259,000 in Pakistan.
The solar panel plates for a 12-kilowatt system will now cost Rs444,000.
