Solar Panel Price in Pakistan Today New Latest Rate June 2024

New Solar Panel Prices in Pakistan June 2024

The federal government is set to unveil the Budget 2024-25 on June 12. The budget has been made in line with the IMF conditions as Pakistan is in talks with the global lender to secure another bailout package.

New Solar Panel Prices in Pakistan June 2024

The price of solar panel was increased by Rs8 per watt. The 588-wat solar panel plate will now cost up to Rs5,000. Similarly, the price of 180 to 280 watts ranges between Rs1,000 – Rs1,500.

Brand & Specifications	Per-watt Rate	Total Cost
JA N- Type BIFACIAL 575 Watt Solar Panel Price in Pakistan	40	23,000
Doart N Type 550 Watt Solar Panel Rate in Pakistan 2024	41	22,550
Trina N-Type 580 Watt Solar Panel Cost in Pakistan	36	20,880

Factors affect the price of 5kw solar system

There are different factors in the price of solar systems which include:

1-Type of solar panel.

The type and price of solar panels can affect the whole price of a solar system. A-grade solar panels are expensive as compared to B-grade solar panels while N-type solar panels are expensive and P-type are less expensive. So, the price of N-type solar panels will also affect the high price of the overall solar system.

2-Type of inverter.

The prices of solar inverters are different for different types. Hybrid solar inverters are the best of the remaining types. Relatively prices of hybrid solar inverters are higher than others while off-grid solar inverters are less expensive than all others. So, the hybrid solar system will be more expensive than the off-grid solar system comparatively.

3-Price of Batteries.

The prices of batteries also vary based on factors including brand quality, capacity of batteries, brand reputation, and local market conditions. In Pakistan AGS Brand battery prices are relatively high as compared to the OSAKA brand. So, if you are buying OSAKA brand batteries, it will affect a relatively less expensive solar system as a whole.

4-Frame expense.

The frame is an integral part of the whole solar system and can influence the price of the solar system. If you are using a High-quality materials frame, it will be weather-resistant and more durable as compared to a low-quality material frame and it will also affect the high-priced solar system. 

5-Labor cost.

Labor costs can significantly affect the price of solar systems. Several factors can affect the price of solar systems which include, Installation complexity like roof type and number of panels can also increase labor costs. Local labor rates also vary by area which can also affect the price of solar systems. Skilled labor also charges high rates, which can affect the price of solar systems.

Price of 5KW hybrid solar system in Pakistan

Product/Specification	Quantity	Price	Total Price
JA N-type Bificial 580 watt solar panel price	9 Panels of 580-watt	22620	203580
Hybrid solar inverter price	01	150000	150000
AGS batteries 21 Plates	03	37000	110000
Frame Expense	05	7000	35000
DC cable 10mm coil	02	15000	30000
Net Metering	01	150000	150000

Types of 5kw solar system

The 5KW solar system is available in different types which include:

1-5KW hybrid solar system.

A hybrid solar system is popular and widely used in Pakistan and is the best choice of all other systems. In a hybrid solar system, a Hybrid type of inverter is used which can work with both grid systems and batteries.

2-5KW Off-Grid solar system.

Off-grid solar systems can work with only solar systems and batteries. In this type of solar system, an Off-Grid inverter is used which is unable to work with the grid system. It is the most affordable type of solar system.

3-On-Grid solar system.

The type of solar system in which an ON-Grid solar inverter is used is known as an on-grid solar system. In this system, the ON-Grid solar inverter is connected to the grid station and exchanges electricity through net metering.