People who wish to use solar energy now have a great opportunity because solar panels have become considerably more affordable in Pakistan. The good news for those considering making the conversion to solar power is that the cost of solar panels has significantly decreased, particularly in light of the current high cost of electricity and the possibility of protracted power outages.
The notable decline in pricing can be attributed to the strengthening of the Pakistani local currency in relation to the US dollar. For individuals who are interested in solar energy, this has improved the market environment.
Specifically, a 160W solar panel used to cost Rs15,000, but now it only costs between Rs4,000 and Rs4,500. This is a considerable decrease. This lowers the cost of the 160W solar panel, which is currently priced at about Rs 11,000, significantly.
Read More: Solar Panels in Pakistan: Advantages and Disadvantages
Many more people are purchasing solar panels as a result of this price reduction, particularly those that are larger. Solar panels used to cost over Rs70,000, but these days they can be purchased for between Rs35,000 and Rs45,000, a huge reduction.
More people will have new options to employ renewable energy solutions as a result of this development.
In Pakistan, solar power systems are growing in popularity as a renewable energy source. They are less expensive to operate and maintain than conventional energy sources and emit very few greenhouse gases.
Along with helping Pakistan lessen its need for imported fossil fuels, this reform aligns with international initiatives to combat climate change and lower the carbon footprint of producing power.
More people are able to get solar energy because of the recent drop in solar panel prices in Pakistan. This is assisting Pakistan in transitioning to greener, more sustainable energy sources by encouraging more people to think about using renewable energy alternatives.
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