Solar panel prices in Pakistan have witnessed a dramatic drop of up to 25%, bringing costs down to an unprecedented Rs. 30-32 per watt. This decline comes as a result of several converging factors, most notably a local market oversupply and a nearly 50% reduction in global lithium battery prices over the past year. These developments have made solar systems significantly more affordable for households and businesses across the country.
The recent amendments to Pakistan’s net metering policy have also played a role in shaping the solar market landscape. With the buyback rate reduced to Rs. 10 per unit, solar energy consumers are recalculating return-on-investment timelines. Despite the policy shift, the sharp fall in upfront installation costs continues to attract more people towards adopting solar as a viable alternative to grid electricity.
As the country grapples with energy inflation and power outages, these price drops are expected to accelerate the transition to renewable energy. Industry experts believe that this shift could not only reduce pressure on the national grid but also empower consumers with long-term energy independence.
