Prices for solar panels saw a significant nationwide drop on Friday, with costs for systems ranging from 5 to 15 kilowatts decreasing substantially. Reports indicate reductions of up to Rs.300,000.
In the ongoing month of September, the price of a 5 kW solar system has decreased to 0.65 million, while a 7 kW system can now be purchased for 0.75 million. Larger systems have also seen substantial price cuts, with a 10 kW system now costing around 1 million.
It’s important to note that these price reductions can vary by market, with prices in Lahore and Karachi differing from those in other cities.
The listed costs pertain to on-grid systems, which are connected to the national electricity grid. For those opting for hybrid systems with battery storage, additional expenses for batteries will apply.
Why You Should Consider Solar Power
Solar panels harness energy from the sun, a renewable resource. Installing a solar energy system not only decreases your dependence on fossil fuels—improving air quality and benefiting the environment—but it can also lead to significant savings. Here are some of the advantages of using solar power:
- Reduces your electric bills.
- Increases your property value.
- Provides electricity during power outages.
- Lowers greenhouse gas emissions.
