|
Getting your Trinity Audio player ready...
|
Follow Whatsapp Channel For More News!
The solar energy sector in Pakistan is becoming increasingly popular as a solution to combat rising electricity costs. With solar panels, consumers can reduce their dependence on the national grid and lower their energy bills significantly. In this article, we’ll provide a breakdown of the current solar panel market rates in Pakistan, discuss popular brands like Longi, JA Solar, Jinko, and Canadian Solar, and examine the challenges facing the solar industry, including reverse metering.
Solar Panel Market Rates in Pakistan (2024)
When choosing solar panels for your home or business, it’s important to consider both quality and cost. Here is a breakdown of the current prices for top solar panel brands available in Pakistan:
| Brand | Type | Price Per Watt (Rs) | Wattage | Total Price (Rs) |
|---|---|---|---|---|
| Longi | Hemo 5 Series (Monofacial) | Rs 29 | 550W | Rs 15,950 |
| JA Solar | Single Glass (Monofacial) | Rs 28 | 550W | Rs 15,400 |
| Jinko Solar | P-type Monofacial | Rs 29 | 550W | Rs 15,950 |
| Jinko Solar | N-type Monocrystalline | Rs 30 | 580W | Rs 17,400 |
| Canadian Solar | Single Glass (Monofacial) | Rs 29 | 580W | Rs 16,820 |
| Phono Solar | Monocrystalline | Rs 31 | 550W | Rs 17,050 |
| Trina Solar | N-type Monocrystalline | Rs 31 | 550W | Rs 17,050 |
Why Solar Energy is Gaining Popularity in Pakistan
Due to the rapid increase in electricity prices, many consumers in Pakistan are exploring alternative energy solutions. Solar power, which harnesses the sun’s energy, has proven to be a cost-effective and environmentally friendly solution. As a result, the demand for solar installations has surged across the country, creating new business opportunities, jobs, and challenges.
Read Also: Solar Panel Prices Drop in Pakistan: Up to 3 Lakh Rupee Reduction
Key Challenges: Reverse Metering
One of the significant challenges facing the solar energy sector is the implementation of reverse metering. Reverse metering allows users to sell excess solar energy back to the grid, reducing their energy costs even further. However, this process presents logistical and regulatory challenges for the government and power companies, as it requires significant infrastructure and policy adjustments.
Benefits of Solar Power in Pakistan
- Cost Savings: Solar panels reduce dependence on the national grid, lowering electricity bills.
- Sustainability: Solar energy is a renewable resource, contributing to a greener, cleaner environment.
- Government Incentives: The Pakistani government offers various subsidies and tax exemptions for solar installations.
- Energy Independence: Homeowners and businesses with solar systems gain greater control over their energy usage.
FAQs on Solar Panel Pricing
How much does it cost to install a solar system in Pakistan?
- The installation costs vary based on the size of the system, the type of panels, and the installer. For a 5kW system, costs can range from Rs 500,000 to Rs 600,000.
What is reverse metering, and how does it benefit solar users?
Reverse metering allows solar users to sell any excess electricity generated by their system back to the grid, resulting in additional savings.