Solar panel prices have risen sharply across Pakistan ahead of the upcoming federal budget, with traders increasing rates amid uncertainty over potential tax measures that could affect the solar energy sector.
According to market sources, the prices of several solar panel models have increased by between Rs. 7,000 and Rs. 9,000 per panel, significantly raising the overall cost of installing solar power systems for residential and commercial consumers.
The price of a 585-watt solar panel has jumped from approximately Rs. 18,000 to Rs. 27,000. Similarly, a 645-watt panel that previously sold for around Rs. 22,000 is now available at Rs. 31,200. The cost of a 720-watt solar panel has also climbed from Rs. 25,000 to Rs. 33,500.
Industry stakeholders have cautioned that inverter prices may also increase in the coming weeks, which could further elevate the total investment required for solar energy installations.
The latest price hike has raised concerns among consumers who were planning to switch to solar power to reduce their electricity expenses. With energy costs remaining high, solar systems have become an increasingly popular alternative for households and businesses seeking long-term savings.
Market analysts believe that speculation surrounding possible taxation and policy changes in the federal budget has fueled the recent surge in prices. Traders in Karachi and other major cities have reportedly adjusted rates in anticipation of potential budget-related developments, despite the absence of any official announcement so far.
The increase comes at a time when solar adoption in Pakistan has reached record levels, driven by rising electricity tariffs and growing demand for alternative energy solutions. However, continued price increases could slow the pace of new installations and make solar energy less accessible for many consumers.
