Solar panel prices in Pakistan’s urban markets have started rising once again, affecting the overall cost of installing solar systems for households and businesses. According to market sources, the price per watt has increased by PKR 10, pushing the cost from PKR 30 to PKR 40 per watt.
Impact on Complete Solar Systems
This price surge has significantly raised the total cost of solar installations. For example, a complete solar system may now cost up to PKR 200,000 more than before. The updated rates for on-grid solar systems are as follows:
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5 kW system: PKR 650,000
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7 kW system: PKR 750,000
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10 kW system: PKR 1,100,000
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12 kW system: PKR 1,250,000
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15 kW system: PKR 1,500,000
For hybrid systems, buyers will need to pay extra for batteries, further increasing costs.
Market Reaction and Consumer Concerns
Market insiders note that the price hike has created challenges for consumers switching to solar energy. Despite this, demand remains strong, driven by the rising electricity tariffs in Pakistan. Many households and businesses continue to view solar energy as a long-term investment for reducing electricity bills and ensuring energy security.
Why Solar Demand Remains Strong
Even with higher upfront costs, solar energy remains attractive due to:
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Protection against escalating utility bills
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Long-term energy savings
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Environmentally friendly and sustainable power solutions
Experts advise potential buyers to carefully calculate the total cost of installation and consider system size, hybrid options, and expected savings to make informed investment decisions.
