Advertisement
Categories: BusinessNews

Solar Panel Prices Surge in Pakistan Ahead of Summer

Advertisement

As Pakistan braces for the summer season, a surge in demand for solar panels has led to a significant increase in prices, placing financial strain on consumers nationwide.

Reports indicate that the cost of solar panels has soared from Rs75,000 to Rs300,000, reflecting a substantial hike in a short period.

For instance, a seven-kilowatt solar panel system, previously priced at Rs850,000, has now surpassed Rs920,000. Similarly, a 10-kilowatt system has surged from Rs1.1 million to Rs1.25 million, while a 12-kilowatt system now commands Rs1.6 million, up from Rs1.4 million. Additionally, a 15-kilowatt system has seen a Rs300,000 increase, now standing at Rs1.8 million.

The sharp rise in prices particularly impacts grid-connected solar panel systems, with consumers facing extra expenses for hybrid setups incorporating batteries for energy storage.

Read also: OGRA Raises Gas Tariffs by 35% Amid IMF Pressure

These escalating costs are adding financial pressure, especially on participants of the federal government’s net metering project, aimed at encouraging solar energy adoption by allowing consumers to sell excess electricity generated back to the grid.

Experts attribute the fluctuations in prices to economic factors, including occasional political instability. Brand reputation, efficiency rating, capacity, and installation requirements also contribute to rising costs.

Advertisement
Zayn

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.

Recent Posts

Participation in PTI Protests Will Lead to Arrests, Warns Minister

Information Minister Attaullah Tarar has warned of strict measures against participants in Pakistan Tehreek-e-Insaf (PTI)…

9 hours ago

Lahore’s Services International Hotel Sold for Rs1.951 Billion

The government has finalized the long-delayed sale of Lahore's Services International Hotel (SIH) for Rs1.951…

9 hours ago

Pakistani Diaspora in UAE Celebrates 200,000 Members

H.E. Hussain Muhammad, Pakistan's Consul General, joined as the Chief Guest at the "PID Business…

9 hours ago

Chinese Century Steel Group Threatens to Withdraw Investment From Pakistan

Century Steel Group, a key Chinese investor in Pakistan, has issued a stern ultimatum to…

10 hours ago

Govt to Shut Down Internet Services Tonight in Light of PTI Protest

The Pakistan Telecommunication Authority (PTA) plans to suspend internet services in Islamabad and Lahore, Rawalpindi,…

10 hours ago

Pakistan’s first AI-enhanced virtual internship launched

10Pearls has launched 10Pearls, Shine, Pakistan's first fully remote, AI-powered internship program for a period…

22 hours ago