In the last one years, solar panel price in Pakistan has fallen by almost 60 % due to huge amount of solar panel import from U.S.A, China and Japan.
The import of solar panels in such large quantities indicates that they have become an attractive option for many in the country. Every sector in Pakistan has welcomed this boom in the renewable energy industry. Some link this rise to the higher electricity rates per unit – which the government has also hinted at increasing further under the fuel price adjustment quota. However, the primary reason for most people’s shift towards solar energy is the lowest solar panel prices in Pakistan in the last 4-5 years.
Alpha Solar is committed to revolutionizing the energy sector in Pakistan, by making solar panels available and affordable to everyone. We aspire to make the cost of solar panels within reach so that more people can access the benefits of solar energy in their homes, businesses and industrial spaces.
Market Trends and Solar panel price in Pakistan
Current Solar panel Market Trends
The trend towards solar panel installation in Pakistan has seen a huge boom in the last year. There are many reasons, but the most prominent is the reduction in their prices. In 2022, the prices had gone up to PKR 120 per watt, but a sudden drop in the price has brought them down to just PKR 36.
Latest Government Initiatives and Budget 2024-2025
In the latest Federal Budget (2024-2025), the government clearly hinted at making solar panels easily accessible to all citizens. The federal minister proposed a tax exemption on solar system components, which means that solar panel prices in Pakistan will likely decrease to their lowest since 2020. Allowing solar panel owners to sell excess electricity back to the grid station with net metering in place also increases the ROI on solar panels in Pakistan.
When it comes to solar panels, often referred to as ‘solar plate’ prices in Pakistan, there are many factors that affect price fluctuations. These range from the type of solar panels to government taxes and levies on the import and production of solar panels. Let’s discuss them one by one.
Solar panel Brand and quality
When it comes to solar panels, the brand you choose makes all the difference in terms of price. There are several options out there, such as Longi, Jinko, JA and Canadian, each with a different price range.
Type of panel
The type of panel you choose can affect the per-watt price of solar panels in Pakistan. Currently, monocrystalline solar panels are considered the best available in the country. However, the interesting part is that their two different types can further influence the price of solar plates in Pakistan.
Double Glass Solar Panels Vs Single Glass Solar Panels
- Single glass: the traditional solar panels, those that come with one side silicon cells are often come in lower price, so if you choose single glass panels the price will automatically further dresses.
- Double Glass solar panels: dual glass solar panels are the most advanced solar panels available in the Pakistan. they have the capacity to produce the electricity from both sides of the panels which make them more efficient and pricier too.
Market condition
If we look at the history of Pakistan’s solar panel market, predicting the prices is quite difficult and challenging for anyone. As we have mentioned earlier, the per-watt price of solar panels, which is now between PKR 34-37, was almost PKR 120 per watt back in late 2022. So, it depends on how the market behaves.
Dollar Rate and leaves and taxes on import
As most solar panel brands are imported from various countries, including the USA, Japan, and China, government policies related to import taxes also vary over time. Therefore, the price of solar panels in Pakistan heavily depends on the local currency situation and the levies and taxes imposed on their import.
Top Solar Panel Brands in Pakistan and their price impact
We’ve discussed the basic solar panel prices in Pakistan and the different factors that affect them. However, there’s one more factor to consider: brand reputation. Just like choosing any other home appliance, some solar panel brands are more well-known than others, and this can influence the cost as well. Here’s a look at some of the top solar panel brands in Pakistan and how they impact pricing:
Top Solar Panel Brands in Pakistan
Longi Solar Panel
Longi Solar stands out as the most innovative and leading solar panel manufacturer in the world. The price of Longi solar panels per watt in Pakistan is PKR 36, and they are considered a good long-term investment due to their performance.
Jinko Solar Panel
A global giant in solar manufacturing, Jinko offers reliable and affordable panels. They prioritize innovation and provide a variety of options, making them a suitable choice for those seeking a balance between cost and quality. The price of Jinko solar panels in Pakistan is approximately PKR 36 per watt.
Canadian Solar Panel
Canadian Solar has revolutionized solar energy with their double-glass solar panels. Although their prices are higher, they are the most reliable and produce more power per watt. Canadian Solar offers a wide range suitable for various needs.
JA Solar Panel
A top-ranked solar company globally, JA Solar focuses on efficiency and reliability. Their panels are known for good performance and may fall into a mid-range price bracket compared to other established brands. The price of JA solar panels in Pakistan is PKR 35 per watt.
Average Costs of Solar Panels in Pakistan
Small-Scale Domestic Solar Systems (3KW Solar System)
For a small home who consume between 300 to 350 units monthly, a 3kw solar system is perfect choice, the 3kw solar system could be installed in just 400,000 Rs.
Medium-Scale Domestic Solar Systems (5-10 kw solar system)
For larger homes requiring more power (5-10 kW), prices typically range from PKR 785,000 to PKR 1,100,000. These systems can often support most household electrical needs.
Large-Scale Domestic and Commercial Solar Systems (20kW solar system)
For very large homes or small businesses (20kw), expect to pay anywhere from PKR 1,735,000. Commercial systems are often custom-designed and priced accordingly.
Conclusion
The price of solar panels in Pakistan is the most debatable topic since electricity prices are rising every month. The fluctuation in the per-watt price of solar panels in Pakistan is also a hot topic because it varies due to various reasons. Currently, the price is just PKR 36 per watt, compared to PKR 120 back in 2022. Various brands available also play a crucial part in determining the solar panel prices in Pakistan.
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