Prices of solar systems have declined significantly in Karachi, with solar panels, lithium batteries, and inverters becoming noticeably more affordable in recent weeks.
Follow Times of Karachi on Google News and add as a preferred Source on Google
According to media reports, Karachi’s electronics market has witnessed a sharp decline in the prices of solar equipment.
The report stated that the lithium battery prices have dropped by around Rs20,000, while inverter prices have fallen by as much as Rs10,000. Solar panel prices have also declined by approximately Rs3,000 per panel.
Visit Times of Karachi website for the latest news-related content
Traders said some dealers raised prices ahead of the federal budget after reports suggested additional taxes might be imposed on solar panels, batteries, and inverters.
Anticipating higher prices after the budget, several businesses also stockpiled large quantities of solar equipment in the hope of earning higher profits.
Also Read:
Pakistan see major shift in
solar panel prices: reports
However, the market trend changed after the federal budget introduced no additional taxes on solar systems. Increased imports and sufficient inventory helped maintain strong supply, while relatively weak consumer demand further pushed prices downward.
According to traders, 585W, 645W, and 720W solar panels are currently selling at around Rs45 per watt, compared with nearly Rs50 per watt only a few days earlier.
Follow the Times of Karachi channel on WhatsApp
A 5kWh lithium battery is currently available for approximately Rs230,000, while inverters with capacities ranging from 3kW to 5kW are priced between Rs120,000 and Rs300,000.
Market participants believe that if imports remain steady and consumer demand does not rise unexpectedly, prices of solar panels, batteries, and inverters are likely to remain stable or decline further in the coming weeks.
