The solar market in Pakistan is currently experiencing a significant slowdown with demand dropping drastically despite the return of sunny days. In today’s post, we’ll break down the latest solar panel prices and discuss the current market conditions based on the latest updates.
What’s Going on in the Solar Market?
As of now the solar market is facing a recession. The demand for solar panels has plummeted and it appears that people are buying fewer systems. Although the weather has cleared up and the sun is shining brightly again the interest in installing solar panels remains low. This decrease in demand is expected to influence prices. If you’ve been thinking about getting solar panels installed or are wondering about the latest rates keep reading for the latest updates.
Where Can You Check the Latest Solar Rates?
For those interested in keeping track of prices, it’s now easier than ever. You can check solar panel rates on a dedicated website available 24/7. All you need to do is visit Google and search for the latest rates for solar panels, inverters, batteries and even accessories like solar seamers. The website provides a comprehensive list of solar panel prices to keep you informed.
Current Solar Panel Prices
Here’s a quick breakdown of the current prices in the market:
- Canadian Solar:
- Single Glass Solar Panels (27 to 8 watts): Around Rs. 1,000 per panel.
- Double Glass Solar Panels (575 watts): These can range from Rs. 17,000 to Rs. 18,000, depending on where you buy them.
- Other Brands:
- Jinko, Trina and Indian Solar: You can find single glass panels priced between Rs. 14,000 and Rs. 15,000.
- Logi Solar: Single glass 550-watt panels are available for approximately Rs. 15,000.
For those buying in bulk the prices may differ slightly, especially when purchasing panels by the pallet or container. For smaller individual purchases (called “loose”) expect to pay a bit more for each panel.
How the Market is Affected by Demand
It’s important to note that the prices are relatively stable right now. However with the ongoing recession in the solar market prices might decrease further in the coming days as demand continues to fall. During the period of smoke and fog solar panel production almost came to a halt due to lack of sunlight but now that the sun is back solar panels are generating power effectively again.
Looking Forward
In conclusion if you’re planning to install solar panels it might be a good idea to wait a little while as the prices could drop due to the low demand. For those who have already installed solar panels, we’d love to hear about your experiences. How many kilowatts are your panels producing now? Share your thoughts in the comments below.
If you found this update useful don’t forget to like and share the Blog. Stay tuned for more updates and until next time take care!
FAQs on Solar Panel Prices in Pakistan
What is the current price of solar panels in Pakistan?
The prices of solar panels vary depending on the brand, type, and wattage. As of now, a single glass solar panel from Canadian Solar can cost around Rs. 1,000 per panel for 27-8 watts. Double glass panels, like the 575-watt Canadian Solar, range from Rs. 17,000 to Rs. 18,000. Other brands like Jinko and Trina offer single glass panels in the range of Rs. 14,000 to Rs. 15,000.
Why are solar panel prices low right now?
The solar market is currently experiencing a recession, with a sharp decline in demand. This decrease in demand has caused solar panel prices to stabilize or even decrease, as vendors seek to attract buyers.