Solar Panel Cost Per Watt in Pakistan Image

Solar Panel Cost Per Watt in Pakistan

As global energy prices continue to rise, Pakistan has continuously witnessed a significant shift to renewable energy sources. The country is shifting to renewable energy sources like solar, which is affordable and does not depend on non-renewable resources. The solar panel cost per watt in Pakistan is the most significant factor for both homeowners and businesses. This element is one of the most important variables of the overall amount of money needed for this installation process. 

Current Solar Panel Cost Per Watt in Pakistan

The prices of these panels in Pakistan range from PKR 26 to PKR 44 solar price per watt. The main factors that affect the solar price per watt difference are brand, specifications, and quality. The most economical are RENA and Doart panels, which are available at rates between PKR 25 and 30 per watt. 

Other brands, like Longi, Jinko, and JA Solar, charge between PKR 30 and 38. The most expensive high-efficiency N-type bifacial models and other advanced panels cost around PKR 44 per watt. The prices of all these panels vary according to technology, durability, and performance differences.

Here are some examples of Solar Panel Cost Per Watt in Pakistan.

BrandTypePrice Per WattPanel WattagePrice Per Watt (PKR)
JinkoN-Type Bifacial29.25585W17,110
Astro EnergyN-Type Bifacial28.25585W16,538
LongiHi-Mo 7 N-Type30.25580W17,545
TrinaN-Type Monocrystalline28.75550W15,813
CanadianTopcon Bifacial32.00585W18,720

Let’s find the price difference between A-Grade panels and  B-Grade panels.

A-Grade Tier 1 Panels

These superior panels have high quality, are made by well-known reputable manufacturing brands, and offer high efficiency as well as durability.

Brand & SpecificationPrice Per Watt (PKR)Panel Price (PKR)
Jinko N-type bifacial 580W3118,135
Longi Hi-Mo 7 N-type 580W30.2517,545
Canadian Topcon 585W bifacial3218,675
JA N-type bifacial 585W2916,965

B-Grade Panels

These panels are generally affordable because they are less efficient and offer shorter warranties.

Brand & SpecificationPrice Per Watt (PKR)Panel Price (PKR)
Longi 550W B-grade29.0916,000
Jinko 550W B-grade29.0916,000
Canadian 650W B-grade36.9224,000
JA 550W B-grade29.0916,000

Factors Influencing Photovoltaic Panel Pricing in Pakistan

The factors that affect the solar price per watt are as follows:

1. Brand Reputation

People have more trust in products delivered by reputed companies like Longi, Jinko, and Canadian Solar due to their quality and performance. These brands usually offer longer warranties with a more efficient after-sales service. Due to their reliability, the panels are also a bit more expensive than local brands.

2. Type of Panels

There are different kinds of solar panels:

Monofacial Panels: They capture sunlight from only one side and are relatively inexpensive.

Bifacial Panels: They capture sunlight from both sides, which increases their energy output and makes them more expensive.

3. Effectiveness

Efficiency indicates how well sunlight can be converted into electrical energy. A highly efficient panel generates more power with the same amount of sunlight. Their prices are costly in the markets due to the advanced technologies and materials involved.

4. Market Demand

The people mostly want to install these panels, and the demand for them also increases. Price increases are possible and do occur if supply cannot keep up with the rising demand.. This is the basic economic principle that demand can only increase when supply is low or limited.

5. Import Duties and Taxes

In Pakistan, imported panels face taxes and duties such as customs duty, sales tax, and income tax. Collectively, these taxes cost are also contribute to the price of the panels, thus making them more expensive for buyers.

When planning a solar installation, it’s essential to account for these extra factors such as. 

  • Professional installation becomes charged because it takes care of safety and efficiency.
  • Inverter Cost: Such a device will convert the solar energy into usable electricity.
  • Battery Storage: Energy stored for use during non-sunny periods.
  • Maintenance: Regular cleaning and checks keep the system healthy.

Benefits of Investing in Solar Energy

The benefits of this installation are given below.

  • Reduction in  Electricity Bills: 

Due to the use of solar price per watt of electricity is cheaper for direct intake from sunlight. They add up to significant savings over time.

  • Energy Independence: 

This installation system would allow the owners to depend less on the national grid supply. In the meantime, solar electricity gives security against future increases in electricity prices.

  • Environmental Benefits:

This energy is clean and renewable and reduces harmful carbon emissions. Using this energy is one way to fight against climate change.

  • Increase in the Property Value:

Solar-powered homes are frequently more valuable and sell faster.

  • Government Incentives:

Governments in many countries grant various incentives to support this power, including rebates, tax incentives, and net metering programs for these power users. All of these make this system affordable.

Conclusion

The solar panel cost per watt in Pakistan has become an important issue for homeowners and businesses trying to make the shift to renewable energy. An understanding solar panel price per watt in Pakistan will help buyers to decide to choose a system that suits their requirements. In general, solar panels should cost between PKR 26 and PKR 44 per watt, but this might vary further depending on the type, manufacturer, and quality of the panel.  

FAQs

An average solar setup for home use (5kW) should cost between PKR 700,000 to PKR 900,000, depending on the quality of the solar panels and inverter and the installation price.

B-grade panels are less expensive, but they are less efficient and less strong. They will more or less work in temporary settings or cases where the budget is very tight.

A-grade solar price per watt with good quality would last 25-30 years or even more with due maintenance.

 Generally, one would require a 3kW to 5kW solar system for a 5 Marla house depending on the number of appliances and energy consumption.

Yes, under the net metering policy, you can sell extra electricity back to WAPDA and get credits on your bill.

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