Solar Panel Price in Pakistan Today – 16 June 2024: Get Latest Rates Now!

Choosing the right solar panel in Pakistan depends on several factors, including your budget, energy needs, and available space. Solar panel price In Pakistan vary depending on the brand, type, and capacity. As of June 2024, the average cost of a 5kW solar panel system is around Rs. 1,000,000, with an estimated payback period of seven years. The price of solar panels per watt ranges from about Rs. 30,000 to Rs. 55,000, depending on the type and model.

Here’s a breakdown of the main types and their prices:

We have compiled a list of the current available solar panel brands and their current prices in Pakistan for year 2024.

While solar panels are generally low-maintenance systems, incurring minimal costs compared to traditional energy sources, some factors need consideration:

Additionally, the size of the solar system and the complexity of the installation can affect the overall cost. Therefore, it’s important to note that the prices mentioned are as of 2024 and may be subject to change. Potential users in Pakistan should consider their specific energy needs, the quality of the panels, and the reputation of the brands when evaluating the prices of solar panels for their requirements.

By understanding these additional costs, you can create a more accurate budget for your solar plate system in Pakistan. Here is an estimated breakdown of additional costs associated with solar panels in Pakistan in 2024:

Solar system sizes typically range from 1 kW to 6 kW, with larger options available. A 1 kW system generates around 4 kWh per day, a 3 kW system produces about 12 kWh daily, and a 6 kW solar system delivers 24 kWh per day.

Another important point to note is that these are estimated price ranges and can vary depending on specific brands, features, and market fluctuations. We have also compiled a list of 10 best solar panels for your ease.

Always get quotes from multiple vendors and compare specifications before making a purchase.

Consider your energy needs and budget when deciding which additional components are necessary for your system.

Installation charges and labor costs for solar panels in Pakistan can vary depending on several factors, including:

Residential systems: Expect installation costs to range from Rs10,000 to Rs20,000 per kW of installed capacity.

Commercial systems: For larger systems, costs might fall slightly per kW due to economies of scale, but expect a broader range of Rs8,000 to Rs15,000 per kW.

Per-panel pricing: Some installers might quote a fixed price per panel installed, which can be advantageous for small systems.

Hidden costs: Be wary of quotes that don’t clearly outline all fees and labor charges. Ask for a detailed breakdown of costs before proceeding.

Experience and certifications: Choose an installer with a proven track record, relevant certifications, and proper insurance coverage.

Warranties and guarantees: Ensure the installation comes with appropriate warranties for labor and workmanship.

Here we recommend some tips for finding the best value for your solar panel installation across Pakistan:

• Get quotes from at least 3 different installers.
• Compare the scope of work included in each quote.
• Ask about the installers’ experience and qualifications.
• Ensure the quotes are all-inclusive and transparent.
• Don’t be afraid to negotiate.

The estimated payback period for a solar system in Pakistan can be calculated by dividing the total cost of the system by the annual savings. For this purpose, you need information like:

1. Average Monthly Electricity Consumption:

This is typically measured in kilowatt-hours (kWh) and can be found on your electricity bill.

2. Desired System Size:

This refers to the total capacity of the solar panels in kilowatts (kW). You can estimate this based on your energy consumption or consult a solar installer for guidance.

3. Electricity Tariff per kWh:

This is the rate you pay for your electricity, also found on your bill.

Once you have this information, you can follow these steps to estimate the payback period:

1. Calculate Annual Energy Production: Multiply the system size (kW) by the average daily sunshine hours in your location (obtainable online) and then by 365 days to get the annual energy production in kWh.
2. Calculate Annual Electricity Bill Savings: Multiply the annual energy production (kWh) by the electricity tariff per kWh.
3. Estimate Total System Cost: This includes the cost of solar panels, inverter, batteries (optional), mounting structure, installation, and any applicable government subsidies. You can use the typical price ranges or get quotes from local installers for a more accurate figure.
4. Divide the Total System Cost by the Annual Electricity Bill Savings: This will give you the estimated payback period in years.

Let’s assume you have an average monthly consumption of 500 kWh, you’re considering a 5 kW system, and the electricity tariff is Rs. 20 per kWh.

To conclude, solar panel prices in Pakistan need to be considered with regards to budget, energy requirements, and space. Individuals can make informed decisions based on price fluctuations based on brand, type, and capacity, facilitating the uptake of renewable energy.