As Lahore braces for the scorching summer heat, there’s a glimmer of good news, solar panel prices are on the decline. With the summer sun looming, residents can breathe a sigh of relief as the cost of solar systems ranging from 7 to 15 kilowatts witnesses a notable drop. Recent reports highlight reductions ranging from Rs100,000 to a substantial Rs200,000, signaling a significant shift in market dynamics. For instance, a 7-kilowatt system now stands at Rs825,000 after a Rs100,000 decrease, while a 10-kilowatt system is priced at Rs1.125 million, down significantly from before. Similarly, a 12-kilowatt system is now available at Rs1.4 million, and a 15-kilowatt system at Rs1.6 million, both experiencing a noteworthy Rs200,000 reduction.
This decline marks a stark contrast to last month’s surge in prices, where consumers faced higher costs ranging from Rs75,000 to a staggering Rs300,000. The recent price drop not only provides relief to consumers but also underscores the increasing affordability and accessibility of solar energy solutions in Lahore. As the world shifts towards sustainable energy sources to combat climate change, the decreased cost of solar panels is set to encourage more residents to embrace clean energy alternatives.
