In a significant development for consumers, solar panel prices have dropped substantially across the country, making renewable energy more affordable.

Recent reports show that prices for solar systems ranging from 5 to 15 kilowatts have decreased by up to Rs300,000.

New price points for various solar setups have been established. A 5-kilowatt system is now priced at Rs650,000, while a 7-kilowatt system is available for Rs725,000.

Larger systems have also seen price reductions, with the 10-kilowatt system now costing Rs950,000 and the 12-kilowatt system priced at Rs1.1 million. The price for a 15-kilowatt system has been fixed at Rs1.25 million.

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• 5 Kilowatt System: Rs650,000
• 7 Kilowatt System: Rs725,000
• 10 Kilowatt System: Rs950,000
• 12 Kilowatt System: Rs1.1 million
• 15 Kilowatt System: Rs1.25 million

These reductions apply to on-grid systems, which are connected directly to the power grid. However, consumers opting for hybrid systems, which include battery storage, will face additional costs. The largest price cut was seen in 15-kilowatt systems, now set at Rs1.25 million.

This drop in prices is expected to increase interest in solar energy, making it more accessible to households and businesses across the country.

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