As the summer season approaches, Karachi witnesses a significant hike in the prices of solar panels, a renewable energy source actively promoted by the government for household energy production.
Solar panels offer households an opportunity to reduce dependency on the national grid by generating their electricity. Through mechanisms like net metering, surplus electricity can even be sold back to the government, aiding in energy conservation efforts.
One of the primary advantages of solar panels is their ability to provide an uninterrupted power supply, particularly during the scorching summer months when load shedding becomes prevalent.
Solar Panel Price Trends in Pakistan, 2024
Reports indicate a staggering increase in solar panel prices across Pakistan, with hikes of up to Rs. 300,000 depending on capacity. Below are the updated prices:- 7-kilowatt: old price Rs. 850,000, new price Rs. 920,000
- 10-kilowatt: old price Rs. 1,100,000, new price Rs. 1,250,000
- 12-kilowatt: old price Rs. 1,400,000, new price Rs. 1,600,000
- 15-kilowatt: old price Rs. 1,500,000, new price Rs. 1,800,000
Solar Panel Prices in Gujranwala, 2024
In Gujranwala, prices for solar panels of varying capacities remain consistent with those in other cities, albeit with slight variations.Meezan Bank's Solar Panel Financing Plan
For individuals interested in a 10-kilowatt setup, Meezan Bank offers a financing plan spanning two years. The payment plan involves a down payment of Rs. 230,000, with monthly installments over the tenure.| Installment # | Installment Month | Monthly Payment |
|---|---|---|
| 1 | March 2024 | 41,729 |
| 2 | April 2024 | 42,046 |
| 3 | May 2024 | 41,058 |
| 4 | June 2024 | 40,890 |
| 5 | July 2024 | 39,939 |
| 6 | August 2024 | 39,734 |
| 7 | September 2024 | 39,156 |
| 8 | October 2024 | 38,261 |
| 9 | November 2024 | 38,000 |
| 10 | December 2024 | 37,142 |
| 11 | January 2025 | 36,843 |
| 12 | February 2025 | 36,265 |
| 13 | March 2025 | 35,016 |
| 14 | April 2025 | 35,109 |
| 15 | May 2025 | 34,344 |
| 16 | June 2025 | 33,953 |
| 17 | July 2025 | 33,226 |
| 18 | August 2025 | 32,797 |
| 19 | September 2025 | 32,219 |
| 20 | October 2025 | 31,547 |
| 21 | November 2025 | 31,062 |
| 22 | December 2025 | 30,428 |
| 23 | January 2026 | 29,906 |
| 24 | February 2026 | 29,328 |
[embedpost slug="/solar-panel-prices-increase-in-pakistan/"]
