Solar prices drop significantly in Pakistan

Following amendments in government net metering policy, solar panel prices have been reduced significantly in Pakistan.

The price of solar panels has dropped by up to Rs175,000 in local markets.

Moreover, the installation cost has also been slashed by Rs35,000 to Rs175,000, depending on the market.

A 5 kW solar system is now priced between Rs500,000 to Rs550,000, while a 7 kW system costs around Rs600,000.

The price of a 10 kW system stands at over Rs800,000, whereas a 12-15 kW system is now above Rs1.2 million.

Solar panel prices in Pakistan have been fluctuating after the government reduced the buyback rate for solar net metering to Rs10 per unit. It also introduced net billing for new consumers in an effort to curb grid electricity costs.

Additionally, the limit on solar capacity installation has been reduced to a 10 percent margin above the sanctioned load, down from the previous 50 percent.

Existing consumers will see changes once their contracts expire.

System Capacity

5 kW     Rs. 550,000

7 kW     Rs. 625,000

10 kW   Rs. 850,000

12 kW   Rs. 978,000

15 kW   Rs. 1,150,000