Solar panel latest price in Pakistan – Feb 2024 update

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.

With the rising demand for sustainable energy solutions, exploring financing options like Meezan Bank’s plan can facilitate the transition to solar power for households in Karachi and beyond.

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