Tuesday, May 28, 2024

Solar Panel Prices Drop Ahead of Summer Season

As summer approaches, solar panel prices experience a significant drop, providing relief from soaring electricity bills.

Reports indicate notable reductions in the cost of solar systems ranging from 7 to 15 kilowatts, offering a much-needed opportunity for residents to harness solar energy.

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Recent media sources reveal a decrease in prices ranging from Rs100,000 to a substantial Rs200,000, marking a significant shift in market dynamics. Specifically, prices for a 7-kilowatt system have been slashed by Rs100,000, now priced at Rs825,000, while a 10-kilowatt system is available at Rs1.125 million after a significant decrease.

Moreover, the cost of a 12-kilowatt system has been marked down to Rs1.4 million, and a 15-kilowatt system now comes at a reduced price of Rs1.6 million, both experiencing a noteworthy Rs200,000 reduction in their price tags.

This decline in solar panel prices contrasts with the previous month's scenario when prices surged due to escalating demand. Last month, consumers faced higher costs, with a 7-kilowatt system exceeding Rs920,000, a 10-kilowatt system priced at Rs1.25 million, a 12-kilowatt system reaching Rs1.6 million, and a 15-kilowatt system standing at Rs1.8 million.

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Zain is a dynamic business student with a passion for technology that goes beyond the classroom. When he's not immersed in his studies, Zain can be found playing with the latest gadgets, fueled by a genuine curiosity for emerging tech trends. His love for technology extends to his avid reading habits, where he stays updated on the latest advancements and breakthroughs in the tech world. Despite his academic focus, Zain is also an outdoor enthusiast, always ready for an adventure. With several years of experience in writing news, Zain brings a unique blend of business acumen, tech-savviness, and journalistic expertise to any discussion or project.

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