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Solar panel latest price update in Pakistan February 2024

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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.

Solar Panel Payment Plan Summary
Category: Salaried
Quotation Amount: Rs. 920,000
Down Payment: Rs. 230,000
Tenure: 2 Years
Tentaive Payment Schedule
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

 

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