In a serious growth, Pakistan’s photo voltaic panel market has skilled a exceptional lower in costs, paving the way in which for elevated adoption of photo voltaic power programs throughout the nation.
Latest stories point out that costs of photo voltaic panel programs in numerous cities, notably Lahore, have dropped by as much as 2 hundred thousand rupees. This discount is especially noteworthy for programs starting from 7 to fifteen kilowatts, the place costs have seen a big decline.
As an example, following a worth reduce of as much as 100 thousand rupees, the price of a 7-kilowatt system has now reached 825,000 rupees. Equally, a 10-kilowatt system now priced at 1.125 million rupees after a discount of 2 hundred thousand rupees.
The pattern continues, with a 12-kilowatt system now obtainable at 1.4 million rupees, down from its earlier worth after a discount of 2 hundred thousand rupees. Even bigger programs, such because the 15-kilowatt variant, have seen their costs drop by 2 hundred thousand rupees, reaching 1.60 million rupees.
This shift in costs comes after a current uptick, indicating a dynamic market responding to varied components. Consultants predict that costs could proceed to lower within the close to future, making photo voltaic power options extra accessible to the plenty.
Merchants and companies concerned in photo voltaic panel commerce attribute this worth shift to a mix of things, together with elevated imports of photo voltaic panels resulting in oversupply available in the market. Notably, a surge in imports from China and modifications in commerce dynamics with European markets have contributed to this oversupply, leading to a market downturn.
The numerous drop in photo voltaic panel costs not solely advantages shoppers but additionally aligns with Pakistan’s efforts in direction of renewable power adoption. With extra reasonably priced photo voltaic panel programs now obtainable, the nation poised to witness a surge in photo voltaic power utilization, contributing to environmental sustainability and power independence.
