Massive Drop in Solar Panel Prices Seen in Lahore. There has been a notable decrease in the prices of solar panels in Lahore’s markets. Reports indicate that systems ranging from 7 to 15 kilowatts are now Rs. 200,000 less expensive.
Specifically, the cost of a 7-kilowatt system has been slashed by Rs. 100,000 to Rs. 825,000. Similarly, the new price for a 10-kilowatt system stands at Rs. 1.125 million.
Big Drop In Solar Panel Prices In Pakistan After Rupee’s
Following a reduction of Rs. 200,000, the cost of a 12-kilowatt system now stands at Rs. 1.4 million. Massive Drop in Solar Panel Prices Seen in Lahore, Additionally, the report mentions that the price for a 15-kilowatt system is now Rs. 1.6 million after a reduction of Rs. 200,000.
The recent decrease in prices has come unexpectedly, particularly with the approaching summer season, a period when prices typically rise.
Just last month, solar panels experienced a notable price surge due to the heightened demand preceding the summer season. The prices had increased by amounts ranging from Rs. 75,000 to Rs. 300,000.
Solar Panel Prices In Pakistan Drop By Massive
For example, the cost of a 7-kilowatt system had surpassed Rs. 920,000. Similarly, the price of a 10-kilowatt solar panel system had risen from Rs. 1.1 million to Rs. 1.25 million.
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Furthermore, the cost of a 12-kilowatt system had climbed to Rs. 1.6 million, while the price of a 15-kilowatt system had increased to Rs. 1.8 million.