Solar Panel Costs Decrease Again In Pakistan

Despite rising demand during the summer season, solar panel prices in Pakistan’s domestic market have experienced another decline. Dealers report that prices have dropped to Rs40 per watt or lower, with the average price now at Rs37 per watt. This decrease is attributed to a significant increase in supply, resulting in a 30% price reduction over the past six months.

The surge in solar panel usage is driven by the escalating power tariffs, prompting many residential and commercial consumers to transition to solar energy systems. However, the government is encountering challenges in negotiating with Independent Power Plants amidst the growing adoption of solar panels.

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Recently, the Power Division dismissed reports suggesting the imposition of a fixed tax on solar power. In a statement issued in late April 2024, the division clarified that there were no plans to implement such a tax. Despite these developments, the popularity of solar energy continues to rise in Pakistan, driven by both economic and environmental considerations.