Prices of solar panels, UPS systems, and batteries in Pakistan have seen a major decline this month, providing relief to consumers.
Market reports show that lithium battery prices have dropped by Rs 20,000, falling from Rs 400,000 to Rs 380,000. Similarly, tubular batteries have become cheaper by Rs 15,000, now priced at Rs 55,000 compared to last month’s Rs 70,000.
Additionally, solar panel prices have decreased to Rs 28 per watt, a significant drop from previous rates. Experts say this decline is due to higher imports and government policies supporting renewable energy.
Also read: Solar panel prices drop after changes in net metering policy
Federal Minister Owais Leghari stated that Pakistan imported 8,000 MW of solar panels last year. The government is now planning to locally manufacture solar inverters and related equipment, which is expected to further strengthen the solar industry and reduce costs.
This price drop is expected to encourage more people and businesses to switch to solar energy, cutting electricity costs in the long run.
