The prices of solar panels have seen a significant reduction in Lahore’s markets. According to a report, systems ranging from 7 to 15 kilowatts are now Rs. 200,000 cheaper.
The cost of a 7-kilowatt system has been reduced by Rs. 100,000 to Rs. 825,000, while the new price for a 10-kilowatt system is now Rs. 1.125 million.
Following a decrease of Rs. 200,000, a 12-kilowatt system now costs Rs. 1.4 million. The report added that the price for a 15-kilowatt system stands at Rs. 1.6 million, following a Rs. 200,000 reduction.
The recent price reduction has come as a surprise, especially with the summer season approaching, a time when prices typically soar.
Just last month, solar panels witnessed a significant increase in prices due to the increase in demand ahead of the summer season. The cost increased between Rs. 75,000 to Rs. 300,000.
For instance, a 7-kilowatt system’s cost exceeded Rs. 920,000. Similarly, the cost of a 10-kilowatt solar panel system had increased from Rs. 11 lac to Rs. 12.5 lac.
Additionally, a 12-kilowatt system’s cost reached Rs. 16 lac, while the price of a 15-kilowatt system increased to Rs. 18 lac.
PLS 7KW NEEDEED
10kw system needed in islamabad with shed type structure and net metering.
Well give us the reason too. Give some credit to CM Maryam Nawaz. She must have something to do with it.