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When we talk about Solar energy prices in Pakistan then the combination of cost savings, sustainability benefits, financial incentives and improved reliability make solar an attractive energy solution for homes and businesses in Pakistan. The demand for solar energy in Pakistan is rapidly increasing due to the country’s energy crisis and the need for sustainable power sources. Provinces like Sindh, Baluchistan, and Punjab, along with regions in KPK, fall within the optimum range for solar energy generation. To meet the increasing energy demand and counter the energy crisis, Pakistan is focusing on renewable energy sources like solar power. The prospects for solar energy in Pakistan are promising, with the country’s favorable solar conditions, government support, and increasing awareness of the benefits of renewable energy. The adoption of solar power is expected to grow significantly, contributing to energy independence, job creation, and environmental sustainability in Pakistan.
Key Features of Installing Solar Panels or Solar System in Pakistan
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Cost Savings
Solar energy can significantly reduce electricity bills by up to 50% compared to grid power. The cost of solar panels has decreased while electricity prices continue to rise in Pakistan.
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Guaranteed Returns
Solar is a safe investment that starts paying back from the first day and has a short payback period of 3-5 years.
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Net Metering
Excess solar energy generated can be fed back into the grid, earning credits that can be used to offset electricity bills.
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Sustainability
Solar power is a clean, renewable energy source that reduces carbon emissions and environmental impact compared to fossil fuels.
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Improved Reliability
Solar provides a reliable power supply, especially in areas with frequent grid outages, reducing reliance on expensive and polluting backup generators.
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Increased Property Value
Homes and businesses with solar installations can see an increase in their resale value.
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Tax Incentives
The Pakistani government offers various tax credits, exemptions and financial incentives to promote solar energy adoption.
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Job Creation
The solar industry can create new employment opportunities in installation, maintenance and other supporting roles.
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Roof Protection
Solar panels act as a protective shield against harsh weather conditions like rain, snow and debris.
The Average Lifespan of Solar Panels in Pakistan
The average lifespan of solar panels in Pakistan is around 25-30 years.
Specifically, the key points are:
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- Most solar panels come with 25-year performance warranties and 10-12 year product warranties.
- While solar panels can keep generating electricity even after 25 years, their electricity production may decrease depending on the degradation rate.
- The quality and brand of the solar panels are key factors that affect their lifespan and degradation rate in Pakistan.
- With proper maintenance like regular cleaning and periodic inspections, the lifespan of solar panels can be extended.
Current Solar Panel Price in Pakistan 2024
The price of solar panels in Pakistan varies depending on the brand, wattage, efficiency, and quality of the panels. The current price range for solar panels in Pakistan in 2024 is approximately Rs. 39 to Rs. 46 per watt, with panel prices ranging from Rs. 18,000 to Rs. 26,775 depending on the brand, wattage and specifications. Some key points on current solar panel prices:
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- The price range for a single solar panel in Pakistan is typically between Rs. 18,000 to Rs. 25,000 per panel.
- The price per watt of solar panels ranges from Rs. 39 to Rs. 46 on average.
- Popular solar panel brands in Pakistan include Longi, JA Solar, Jinko Solar, Canadian Solar, and Inverex. Prices vary for each brand and model.
- For example, a Longi Hi-Mo 6 570W single glass solar panel costs around Rs. 23,940 (Rs. 42 per watt).
- A Canadian Solar 595W panel costs around Rs. 26,775 (Rs. 45 per watt).
- Jinko N-type 575W A-grade documented solar panels are priced at around Rs. 24,725 (Rs. 43 per watt).
- JA Solar 580W N-type bifacial panels are priced at around Rs. 24,360 (Rs. 42 per watt).
5kw, 10 kw, 20kw, 550w, Solar Panel Prices Today
Here are the current solar panel prices in Pakistan for various system sizes and wattages as of 2024:
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5kW Solar System Price
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The price range for a 5kW solar system in Pakistan is Rs. 770,000 to Rs. 900,000.
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10kW Solar System Price
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The price range for a 10kW solar system in Pakistan is Rs. 1,150,000 to Rs. 1,800,000.
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20kW Solar System Price
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The price range for a 20kW solar system in Pakistan is Rs. 2,180,000.
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550W Solar Panel Price
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The price range for a 545-550W solar panel in Pakistan is Rs. 21,200 to Rs. 22,550.
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6kW Solar System Price
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The price of a 6KW solar system in Pakistan ranges from Rs. 1,580,000 to Rs. 1,820,000, including components like solar panels, inverters, and installation.
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1KW Solar System Price
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A 1KW solar system in Pakistan costs between Rs. 200,000 to Rs. 270,000. This system can generate around 5 kWh of electricity per day on average.
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2KW Solar System Price
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The price of a 2KW solar system in Pakistan ranges from Rs. 950,000 to Rs. 1,350,000, capable of producing up to 7 kW of power and generating 28 to 40 kWh per day.
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