- Pakistanis are increasingly turning to solar power due to rising electricity costs and declining solar panel prices.
- Rising Electricity Costs: Consumers now bear the full burden of electricity generation costs.
- Rise in Inverter Prices: Inverter prices have also increased by Rs. 10,000, reaching Rs. 45,000.
Reasons for Solar Power Demand in Pakistan
- Rising Electricity Costs: After striking a deal with the IMF, consumers now bear the entire burden of electricity generation costs, resulting in a significant rise in per-unit charges.
- Falling Solar Panel Prices: A global increase in solar panel supply, largely driven by China, has resulted in a dramatic decrease in panel costs.
How Much Does It Cost to Install Solar Panels in Pakistan?
- 1.5 kW System: A system ideal for powering essential appliances like four fans, a TV, a refrigerator, and eight LED lights now costs approximately Rs. 155,000, compared to Rs. 200,000 last year.
- Solar panels (2 x 580 watts) have seen the most significant price reduction, dropping from Rs. 109,000 to Rs. 48,000.
- However, battery costs have risen due to scarcity, with a 185-ampere battery now costing Rs. 43,000 (up Rs. 8,000).
- Inverter prices have also increased by Rs. 10,000, reaching Rs. 45,000.
- Wiring and labor add an additional Rs. 20,000 to the total cost.
NEPRA reports that by June 2023, approximately two-thirds (66%) of the net-metered electricity sold to the government originated from domestic users. Experts anticipate a continued rise in solar power's share of Pakistan's overall energy output by June 2024.
