Solar panel prices in Pakistan have reached their lowest levels in history, with prices now ranging between Rs. 30-32 per Watt. This significant price drop is attributed to an oversupply in the local market and a global decrease in the prices of lithium batteries. Despite the decline in solar panel prices, dry battery prices remain unchanged due to importers’ reluctance to lower costs. The growing solar energy market in Pakistan, fueled by high electricity costs and increasing demand for net metering, has led to increased imports from China, contributing to the price reduction.
Key Points:
- Solar panel prices in Pakistan have dropped to Rs. 30-32 per Watt.
- The price decline is mainly due to oversupply and lower international lithium battery prices.
- The local solar energy market has expanded significantly since 2023, driven by high electricity costs.
- Dry battery prices have not decreased as importers are maintaining their profit margins.
This reduction in solar panel prices presents a significant opportunity for consumers looking to switch to solar energy, making it more accessible and cost-effective.