The use of solar panels is increasing day by day all around the world including Pakistan. It is claimed to be a renewable energy source which means that it is sustainable and ever-lasting. It is a great way of minimizing your electricity bill and saving money in the long term. However, to install solar systems, it is important to know the cost and extent of investment needed.
If you are wondering about Solar Panel Prices in Pakistan, then you must know that there is no single definite answer to that. The overall cost depends on many factors and changes accordingly. In general, it is observed that the price range for a complete solar system in Pakistan varies from as low as 4500$ to as high as 18000$. Keep in mind that you may also find rates lower or higher than that at different places.
Understand the cost breakdown
While searching for the price of solar energy setup, you must have noticed a drastic variation in rates. It is because, in some places, the price of a single component is listed instead of a whole solar system. Therefore, it is critical to know that a typical solar system consists of different components including the solar panel, the inverter, an electric panel, and the electric meter, and each of them contributes to the overall cost of a solar power system.
For example, if you look at the 10kw solar system price in Pakistan which is $8100, you should know that this includes the price of solar panels, which individually is very less i.e., from a couple of thousands to 4-5 lakhs for each solar panel used. Similarly, other components have varying price ranges depending on quality. Moreover, it would include the installation, operational, and maintenance costs too. Thus, to have an accurate estimate, you need to consider all these factors before arriving at the final decision.
Factors influencing the price of a solar system
Now that you have understood the charges of separate components, you should also take into account other important elements responsible for fluctuating rates of solar panel systems all around the country. These include
- Types of the System:
Different system types e.g. on-grid, off-grid, or hybrid systems would have different prices.
Nature of Material:
There are a variety of solar system components available in the market. Their worth also differs because of the nature of the material used. For Instance, solar panels having silicon as a semiconductor would be pricier than other semiconductors. Similarly, micro-inverters having high efficiency would be more expensive than regular inverters.
- Required Capacity and Customization:
Another important factor influencing the gross figure is the required capacity i.e., whether you want to install this sunlight energy source at the residential, commercial or industrial level.
Furthermore, customization plans specific to each client also affect the complete cost e.g. 10kw solar system price in Pakistan would increase up to 8700 from 8100 in the case of a customized plan.
If you want the most affordable solar panel prices in Pakistan with high efficiency, you can contact us at Ningbo Green Light Energy- NGLE, a reliable and experienced name in the industry of solar power systems.