Considering the skyrocketing prices of the electricity bills, many people opt the solar panels, the energy-efficient solution in the country. But they might cost you high installation costs and prices. Well! There is a decrease in the prices of solar panels in Pakistan to make it a clean and affordable energy solution. Explore more in the blog.
Reduction in the Cost of Solar Panels
With the arrival of the winter season, the electricity consumption has decreased, which means the solar systems are less in demand, decreasing the prices in the market. People who could not afford the high upfront cost of the solar panels in the summer can now take advantage of this decrease in prices.
Furthermore, know that this decrease in the cost of solar systems is a result of the temporarily suspended 16% GST by the government.
According to the market reports, the prices of the solar panels have dropped up to Rs. 150,000 for 5kW to 15kW solar systems. The following is what you can expect from the prices:
| Solar System (kW) | Prices (Rs.) |
| 5kW system | Rs. 550,000 |
| 7kW system | Rs. 625,000 |
| 10kW system | Rs. 900,000 |
| 15kW system | Rs. 1,300,000 |
Final Verdict
To sum up, this reduction in prices has increased the affordability of the solar panels with a decreased tax burden on the buyers. But to safeguard your investment, make sure you are aware of the usage of electricity, along with the right type of solar panel system, panel type, and more factors.
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