Lahore (Pakistan News Business Desk) Pakistan has witnessed a significant increase in the prices of solar panels, making on-grid systems more expensive for domestic and commercial users.
According to reports, just a few months before the start of the summer season, when electricity consumption increases sharply, the prices of solar panels have increased by Rs 4 to 5 per watt.
This increase in prices has also resulted in an increase in the cost of installing solar systems. Now, installing a solar system will cost an additional Rs 35,000 to Rs 1,75,000.
Latest Prices of Solar Systems
The prices of solar systems of different capacities in the market are as follows:
5 kW system: Rs. 5,50,000
7 kW system: Rs. 6,25,000
10 kW system: Rs. 8,50,000
12 kW system: Rs. 9,75,000
15 kW system: Rs. 11,50,000
These prices are for on-grid systems, while for hybrid systems, users will also have to pay for additional batteries.