Significant Drop in Solar Battery and Panel Prices in Pakistan

Pakistan has experienced a significant decline in solar panel and battery prices, attributed to increased demand amid severe load-shedding and rising electricity costs. The price of solar panels has dropped dramatically, with a 585-watt panel now costing Rs. 17,100, down from Rs. 20,500, while a 180-watt panel is now priced at Rs. 5,500. Solar battery prices have also fallen by 20%, with lithium batteries reduced from 450,000 PKR to 380,000 PKR, and tubular batteries from 70,000 PKR to 55,000 PKR. Dealers report that efforts by importers to raise prices have failed, leading to expectations of further reductions. The trend indicates a growing shift towards solar energy as consumers seek alternatives due to frequent power outages. Additionally, plans for local manufacturing of solar inverters are in development to bolster the solar market further.