Following the recent budget, Pakistan expects a reduction in the prices of solar panels.
Industry experts forecast a potential decrease of up to 40% due to market adjustments, with an additional 20% reduction possible through government incentives.
In Peshawar, the trend of decreasing solar panel prices continues. Compared to last year, prices have already fallen by 40%, and with the proposed government subsidies, an additional 20% decrease is expected.
Peshawar residents welcome the lower prices, particularly in light of the increasing costs of traditional electricity, which has become unaffordable for many. Solar panels are emerging as a cost-effective alternative for energy acquisition.
Installing quality solar panels in Peshawar can amount to approximately PKR 700,000. However, industry insiders believe these costs might be reduced further, making solar energy more accessible to a wider demographic.
