LAHORE: With the arrival of the summer season in Pakistan, the cost of solar panels massively dropped in Punjab. The need for solar panels gets a boost in summer due to soaring electricity prices and scorching heat in Pakistan.
According to the details, the cost of solar systems with capacities between 7 and 15 kilowatts decreased by Rs. 200,000. Surprisingly, the price has dropped recently, especially because summer is quickly approaching and prices usually climb around this period,
Latest solar panel prices in Punjab March 2024
A 10-kilowatt solar system is now priced at Rs. 1.125 million, while a 7-kilowatt system is now only Rs. 825,000 with a reduction of Rs. 100,000.
A 12-kilowatt system now costs Rs. 1.4 million, down from Rs. 200,000. The report further stated that after a Rs. 200,000 decrease, the cost of a 15-kilowatt system is now Rs. 1.6 million.
Read More: Solar panel updated latest price in Pakistan [Feb 2024]
Due to a spike in demand before the summer season, solar panel prices saw a notable surge as recently as last month. The cost increased between Rs. 75,000 to Rs. 300,000.
For example, the cost of a 7-kilowatt system was more than Rs. 920,000. In a similar vein, a 10-kilowatt solar panel system now costs Rs. 12.5 lac instead of Rs. 11 lac. Furthermore, the price of a 12-kilowatt system came to Rs. 16 lac, while a 15-kilowatt system cost Rs. 18 lac.