Solar panel prices in Pakistan have reached an unprecedented low, with rates now ranging between Rs. 30-32 per Watt, marking a significant milestone in the country’s renewable energy sector. This sharp decline in prices has been primarily attributed to the global reduction in lithium battery costs, which have nearly halved over the past year.
Industry experts highlight that the drop in lithium battery prices has had a profound impact on the solar energy market, making solar power systems more accessible and affordable for consumers across Pakistan. However, while the reduction in lithium battery prices has been widely felt, the prices of dry batteries have remained largely stable. Importers have not passed on potential savings to local consumers, keeping dry battery prices unaffected.
Since 2023, Pakistan’s solar energy sector has witnessed remarkable growth, spurred by a rising demand for net metering and the country’s reliance on expensive grid electricity. With the latest drop in solar panel prices, more consumers are expected to transition to solar energy solutions, further driving the adoption of renewable energy in the country.
The affordability of solar energy kits has positioned Pakistan to continue its upward trajectory in embracing renewable energy sources. The increased accessibility to solar power is expected to play a crucial role in reducing the nation’s dependence on traditional energy sources and in promoting environmental sustainability.
In related developments, the Power Division recently addressed rumors concerning the imposition of a fixed tax on solar power users. On April 27, the Power Division clarified that no such proposal had been forwarded to the government, dismissing reports about the potential tax as baseless and misleading. The statement was made in response to claims that the Central Power Purchasing Agency (CPPA) had suggested a tax on individuals utilizing solar panels for residential or commercial purposes.
As the solar energy sector in Pakistan continues to evolve, the ongoing reductions in costs and the government’s support for renewable energy initiatives are expected to further bolster the country’s efforts toward energy independence and sustainability.
