In Karachi, solar panel prices in Pakistan experienced another drop, coinciding with reports of taxes being levied on residential and commercial installations nationwide.

Traders informed the media that solar panel prices in Pakistan have decreased by 30 percent over the past six months, presenting a favorable opportunity for buyers.

They disclosed that the substantial price decline was attributed to an increased supply of solar panels on the market.

They mentioned that the price per watt of solar panels has fallen below Rs40 in Pakistan.

Per Watt Price of Solar Panel in May 2024

Traders reported that the average price of a solar panel per watt in Pakistan is Rs37, expressing concerns about potential further declines in rates.

Latest Price of 7-Kilowatt System in Pakistan

In May 2024, the cost of solar panel plates for a 7-kilowatt system in Pakistan will be Rs 259,000.

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New Price of 12KW Solar Panel Pates

The solar panel plates for a 12-kilowatt system will now be priced at Rs444,000.