Solar Panel Prices Reducing Continuously In Pakistan

Solar panel prices are dropping continuously, and they have reduced by 50% compared to last year. In October 2024, the Longi 545-watt solar panel price in Hall Road Lahore was 16,350 rupees, compared to 32 thousand rupees six months ago. The total cost of a 5kw solar system installed in most homes has also been reduced by up to 30%.

There is no customs duty or tax on the arrival of new brands or any import of solar energy products into the country. Taking advantage of this, when the price of solar panel wholesale market increased, Pakistan’s investors imported large quantities of panels, more than twice the country’s total requirement. Because of the more than necessary panels in the markets, their prices have declined.

Solar Panel Prices in Pakistan

Solar panel prices in Pakistan vary depending on the brand, panel type, and capacity. The average cost of a 6kW solar panel system with battery is around Rs. 460,00 with an estimated payback period of four years. The price of one 550-watt solar panel ranges from about Rs. 15,500 to Rs. 16,800, depending on the type and model. There are the top 10 solar brands of solar panel wholesale market prices per watt in Pakistan.

JA solar panel 30 rupees per watt
Jinko solar panel 30 rupees per watt
Trina solar panel is 29 rupees per watt
Rena solar panel is 28 rupees per watt
Longi solar panel 31 rupees per watt
Huasun solar panel 29 Rupees per watt
Maysun solar panel 28 Rupees per watt
Canadian solar panels 31 Rupees per watt

List Cost of Top Solar Panel Brands in Pakistan

Longi 545-watt Rs 16,350.
Longi 550-watt Rs 16,500.
Longi 585-watt Rs 19,000.
Jinko 545-watt Rs 16,350.
Jinko 550-watt Rs 16,500.
Canadian 550-watt Rs 16,500.

Government Incentives Subsidies

In recent years, people have moved into solar energy systems for their homes and businesses because of increased electricity prices and load-shading in Pakistan. Solar systems are also being installed in the industrial and agricultural sectors.

Pakistan Is Giving Interest-Free Loans For Solar Energy

Apart from this, the government of Pakistan is giving interest-free loans to install solar energy. The chief ministers of the provinces of Pakistan provide subsidies, and solar panel systems ranging from 1kw to 3kw through the solar scheme also reduce the price of solar energy in Pakistan.

To meet the growing demand for solar panels and inverters, the government of Pakistan has made solar energy tax-free. Taking advantage of this, local and international companies in Pakistan are introducing their solar energy products without hesitation. With all these measures taken by the government of Pakistan, Solar panel prices are also dropping.

Concussion

Solar panel prices have been reduced five times compared to last year. Investors across the country are putting money into the import of solar panels. A lack of buyers and a panel of investors increased imports, causing the price to fall. At this time, solar panels can be purchased and taken advantage of, which will significantly reduce the cost of the total solar system.