KARACHI – The prices of solar panels, which are being promoted by the government for energy production at household level, have registered whooping increase their prices ahead of summer season.
Solar panel is a source of renewable energy that cut dependency on national grid as a household can produce electricity own its own for its routine use. Additional electricity can also be sold to the government through net-metering system.
The solar panels also provides uninterrupted power supply to people even where there is loadshedding in summer season.
Solar Panel Prices in Pakistan 2024
Reports said the solar prices of Pakistan saw an increase up to Rs300,000 depending on the capacity. Following are the reported latest prices of solar panels:
| Solar Panel Capacity | Old Price | New Price |
| 7-kilowatt | Rs850,000 | Rs920,000 |
| 10-kilowatt | Rs1,100,000 | Rs1,250,000 |
| 12-kilowatt | Rs1,400,000 | Rs1,600,000 |
| 15-kilowatt | Rs1,500,000 | Rs1,800,000 |
Solar Panel Price in Gujranwala 2024
The prices of solar panels of different capacities are almost same in Gujranwala city of Punjab like other cities. The prices could vary slightly city to city.
Meezan Bank Solar Panel Financing
Here we are sharing a financing plan for 10-kilowat setup offered by the Meezan Bank for the period of two years.
| Category: | Salaried |
| Quotation Amount: | Rs. 920,000 |
| Down Payment: | Rs. 230,000 |
| Tenure: | 2 Years |
| Installment # | Installment Month | Monthly Payment |
|---|---|---|
| 1 | March 2024 | 41,729 |
| 2 | April 2024 | 42,046 |
| 3 | May 2024 | 41,058 |
| 4 | June 2024 | 40,890 |
| 5 | July 2024 | 39,939 |
| 6 | August 2024 | 39,734 |
| 7 | September 2024 | 39,156 |
| 8 | October 2024 | 38,261 |
| 9 | November 2024 | 38,000 |
| 10 | December 2024 | 37,142 |
| 11 | January 2025 | 36,843 |
| 12 | February 2025 | 36,265 |
| 13 | March 2025 | 35,016 |
| 14 | April 2025 | 35,109 |
| 15 | May 2025 | 34,344 |
| 16 | June 2025 | 33,953 |
| 17 | July 2025 | 33,226 |
| 18 | August 2025 | 32,797 |
| 19 | September 2025 | 32,219 |
| 20 | October 2025 | 31,547 |
| 21 | November 2025 | 31,062 |
| 22 | December 2025 | 30,428 |
| 23 | January 2026 | 29,906 |
| 24 | February 2026 | 29,328 |
