The cost of solar panels in Pakistan has shot up significantly just before the summer season, causing stress for people across the country. Reports show that the prices have jumped from Rs75,000 to Rs300,000 in a short time.
For example, a seven-kilowatt solar panel system, previously priced at Rs850,000, now costs over Rs920,000. Similarly, a 10-kilowatt system went from Rs1.1 million to Rs1.25 million. Also, a 12-kilowatt system is now at Rs1.6 million, up from Rs1.4 million. Meanwhile, a 15-kilowatt system has seen a Rs300,000 increase, now priced at Rs1.8 million.
These price hikes mostly affect solar panel systems connected to the grid. Consumers opting for hybrid setups, which include batteries for energy storage, face even higher expenses.
The rising costs are particularly burdensome for consumers participating in the government’s net metering project. This project encourages the use of solar energy by allowing consumers to sell excess electricity they generate back to the grid.
Experts say the fluctuating prices are due to various economic factors, including occasional political instability. Brand reputation, efficiency rating, capacity, and installation requirements also play a role in driving up costs.
As consumers struggle with these price increases, stakeholders are closely watching the solar energy market. They’re looking for ways to ease the burden on consumers and promote sustainable energy solutions in Pakistan.
