Solar panel prices in Pakistan have surged sharply ahead of the federal budget, with rates increasing by Rs. 7,000 to Rs. 9,000 per panel.
This spike is driven by market uncertainty and proposed government measures to raise the General Sales Tax (GST) on solar equipment from 10% to 18%.
Current Panel Rates
Wholesale market data in major hubs like Karachi, Lahore, and Faisalabad reflects significant price jumps:
585-Watt Panel:
Previously: Rs 18,000
Now: Up to Rs 27,000
645-Watt Panel:
Previously: Rs 22,000
Now: Rs 31,200
720-Watt Panel:
Previously: Rs 25,000
Now: Rs 33,500
Broader System Impact
The price hike extends beyond individual plates, severely inflating the cost of complete installations:
A standard 5kW to 10kW system has seen total installation costs jump by Rs. 15,000 to Rs. 40,000 depending on the brand.
Industry experts warn that the cost of associated components like solar inverters and batteries may continue to climb depending on final budget approvals.
