The fall in solar panels prices is due to excess supply in the domestic market and fall in international prices.
The solar panels prices have suddenly come down to Rs. 30-32 per watt, the lowest level in the history of this business in Pakistan.
Sources familiar with the matter said that the rate reduction was due to a major reduction in the prices of lithium batteries around the world.
In the international market, the price of lithium batteries has decreased by about 50% in the last 12 months.
While this has significantly impacted home solar panels tariffs, the rate of dry batteries has not seen much of a decline. Because importers have refused to lower prices for local buyers.
Since 2023, Pakistan’s solar energy market has grown massively with imports from China helping importers meet the growing demand for net metering in the country. Expensive grid power has forced thousands of consumers to switch to cheaper and more reliable solar power solutions.
solar panels market price of August 11
Here if we look at the solar panel market price of August, in the chart below, you will know the solar panel rate of August 11.
Here we have given you some latest solar panel price list from solarpanalparkinpakistan.pk See more about it here.
many factors of solar panels price in Pakistan
solar panel price in Pakistan depends on many factors, such as grade or quality.
The demand for solar panels is increasing due to the increase in oil and electricity prices. This is a one-time investment with long-term benefits. Pakistan provides plenty of sunshine throughout the day.
The future of energy has been projected as solar energy. Solar energy is a good option both financially and environmentally. It can benefit individuals and the world at large.
