ISLAMABAD: The solar energy and battery market in Pakistan is currently witnessing significant price volatility due to factors such as oversupply in the market, seasonal demand changes, and technology advancements.
According to recent reports, the prices of solar panels have seen a decrease of 2 to 3 rupees per watt over the weeks. Panels from major brands such as Lungi, Ginkgo, and Terena are available at a lower price, while some B-grade panels are selling for as low as Rs 28 per watt. These prices have been further reduced due to the general decrease in demand during Ramadan.
In the battery sector, the prices of lead-acid batteries are stable. The Osaka TA-2000 Supreme (200Ah) is available for around Rs 70,000. While the Phoenix TX-1200 (160Ah) is priced at around Rs 52,000. However, the price of lithium-ion batteries has increased by 10% compared to last year.
Government policies such as net metering and tax incentives have promoted the use of solar energy. The continuous load shedding of electricity has increased the demand for battery backup systems. According to experts, further changes in the prices of solar panels are expected after Ramadan. While battery prices may stabilize until the middle of 2025.
- Note: All prices are subject to change according to currency conversion and stock availability.
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