Solar panel prices have dropped significantly in the Lahore market. According to one report, systems ranging from 7 to 15 kW are now Rs. 200,000 cheaper.
The price of a 7-kilowatt system has been reduced by Rs. 100,000 to Rs. 825,000, while a 10-kilowatt system is now Rs. 1.125 million.
A 12-kilowatt system now costs Rs. 1.4 million, down Rs. 200,000 from its previous price. According to the report, a 15-kilowatt system costs Rs. 1.6 million, down Rs. 200,000 from before.
The recent price reduction has surprised many, especially as the summer season approaches, when prices typically rise.
Solar panels’ prices rose significantly last month as demand increased ahead of the summer season. The cost rose from Rs. 75,000 to Rs. 300,000.
For example, a 7-kilowatt system cost more than Rs. 920,000. Similarly, the cost of a 10-kilowatt solar panel system has risen from Rs. 11 lakh to Rs. 12.5 lakh. A 12-kilowatt system now costs Rs. 16 lac, while a 15-kilowatt system costs Rs. 18 lac.
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