Solar energy is a renewable and sustainable energy source that is becoming increasingly popular in Pakistan. A decade ago, installing a solar system would only be a dream, as the solar panel prices were too high. But in the last 5-6 years, the prices have decreased significantly. That has enabled many to adopt solar power in Pakistan. Per Gallup Pakistan, around 20% of homes have installed solar panels on their homes in Pakistan (though not all of them are proper solar systems but just a panel or two).
Solar panels make up a bigger chunk of the cost of solar systems. If you are about to install a solar system and want to know solar panel prices in Pakistan, read on. In this article, we will have a look at the following:
- Solar panel price in Pakistan (per watt)
- What to consider while choosing solar panels?
- Longi solar panel price in Pakistan
- Jinko solar panels price in Pakistan
- JA solar panel price in Pakistan
- Trina solar panels price in Pakistan
- Canadian solar panels price in Pakistan
- Max Power solar panel price in Pakistan
- Which solar panel is right for your home?
Solar Panel Price in Pakistan
The average solar panel price in Pakistan is between Rs. 55 and Rs. 65 per watt. This is the data of the end of December 2023, recorded at Rawalpindi/Islamabad—at the moment, the prices of solar panels have come considerably down compared to the beginning of 2023 when the prices hovered around Rs. 130/watt. See the graph below.
Based on the present rates, it means that you could get a 550-watt solar panel at a cost of around PKR 30,000 to PKR 35,000. However, the price can vary depending on a number of factors, such as the type of solar panels you choose, the prevailing exchange rate, the brand, and the quality.
Let’s talk about the factors, as that would give you a better idea about how to choose your solar panels. Before that, here is a disclaimer.
Disclaimer: The prices mentioned here are only to give you an idea. It is accurate as of today, but the prices of solar panels are prone to change, especially these days, due to the volatile USD to PKR exchange rate and import policies. Due to the strengthening of PKR, ease of import, and the talk of Europe closing their doors on Chinese solar panel manufacturers, the prices of solar panels have declined. The following graph shows this. If you want to install a system, contact us, and we will give you a quote based on today’s rates.
Factors That Affect the Price of Solar Panel in Pakistan
If you want to install solar panels, there are a few things you need to be careful about. The cost of solar panels depends upon certain factors—some installers may quote you a lower price, and you have to confirm that they’re asking the right price for the types of panels they’re installing for you.
You can judge that based on the following parameters:
Tier-1 vs. Tier-2 Solar Panels
Tier 1 solar panels are generally a little more expensive than tier 2 panels.
The tiering system was developed by BloombergNEF to give transparency to people about solar manufacturers. Tier 1 panels are considered high-quality panels from well-established, reputable manufacturers. These companies have a strong track record of product quality, experience, and financial stability. Longi, Jinko, and Canadian Solar are some examples of tier-1 solar panels.
Tier 2 panels, on the other hand, are usually from manufacturers that may not have the same level of financial stability or established track record as tier 1 companies.
Note one thing, however. Tiers are only about the company’s financial stability and not the quality of panels. As per the existing tiering system, some brands may be considered tier-2, but their panels would still be high quality and offer good warranties. A better parameter would be to look at the grade of the panel. For solar panel quality—the grading system is used for assessing the quality of solar panels.
A-Grade vs. B-Grade Solar Panels
A-grade solar panels are the highest quality solar panels available. They are made with the best materials and have the highest efficiency ratings. A-grade solar panels are also the most visually appealing, with no visible defects.
B-grade solar panels are still high-quality solar panels, but they may have some minor cosmetic defects, such as scratches or blemishes. These defects do not affect the solar panel’s performance, but they may make the panel less visually appealing. For instance, if the glass is tinted during the manufacturing process or the cells are in the perfect shape.it would be graded as B, even though the performance would still be up to the mark.
The main difference between A-grade and B-grade solar panels is the price. B-grade solar panels are typically 10-20% cheaper than A-grade solar panels. For instance, if A-grade 545-watt Longi panels cost Rs. 42,000, B-grade Longi panels of the same wattage would come at around Rs. 37,000.
Monocrystalline vs. Polycrystalline Solar Panels
Monocrystalline solar panels are more efficient, take up less space, and are more expensive than polycrystalline solar panels. This is because monocrystalline solar panels are made from a single crystal of silicon, while polycrystalline solar panels are made from multiple crystals of silicon. The manufacturing process for monocrystalline solar panels is more complex and expensive.
Related Read: How Much Power Do Solar Panels Produce?
Simple vs. PERC Panels
PERC solar panels are more efficient because they reduce the sunlight reflected away from the solar cell. They do this by using a special coating on the back of the solar cell. This coating traps the sunlight and helps to convert it into electricity.
PERC solar panels also require more advanced manufacturing processes than simple solar panels. This is because the coating on the back of the solar cell is very delicate and difficult to apply.
Since their manufacturing process is more complex, they are more expensive than simple solar panels.
Brand of Solar Panels
Lastly, the brand of solar panels. In Pakistan, many solar panel brands are available, such as Canadian Solar, Trina, Longi, Jinko, JA, Inverex, Sunlife, etc. There are others, such as Tesla, but they are not easily imported and will be the most expensive. Among the easily available brands, Canadian solar panels are the most expensive, followed by Trina, Longi, Jinko, JA, Inverex, Sunlife, etc.
That said, the price difference between different tier 1 panels may not be quite high, and the quality won’t be much different.
Interesting Read: How to Size a Solar System for My House in Pakistan?
Prices of Solar Panels in Pakistan by Brand
The prices mentioned here are for Karachi. You can expect a bit higher price in Lahore, Islamabad, Peshawar, etc.
Longi Solar Panels Price in Pakistan
Longi Solar is a Chinese solar panel manufacturer that is one of the leading solar panel brands in the world, especially in Pakistan. Longi Solar panels are known for their high quality and efficiency. The price of Longi Solar panels in Pakistan is around Rs. 32,000 to 36,000. This range is for A-Grade Longi Himo-5 solar panels. The difference in the prices is due to the wattage of the panel; they may come in various capacities, from 540 to 580 watts.
The B-grade could be around 26,000-31,000. For half cut panels double glass Mono PERC panels, the price could be a few thousands above.
As far as their latest model, Longi HIMO 6, is concerned, you may get one panel in around Rs. 34,000 to 37,000.
Price of Jinko Solar Panels in Pakistan
Jinko Solar is another Chinese solar panel manufacturer that is a leading brand in the global solar panel market and is quite popular in Pakistan. The price of 550W Mono PERC Jinko Solar panels in Pakistan is around Rs. 34,000 to 40,000. It’s B-grade could be around 27,000, depending upon the wattage. For a half-cut, the price would be around as high as 100 per watt.
Price of Canadian Solar Panels in Pakistan
Canadian Solar panels are known for their high quality and performance. A 550W monocrystalline solar panel of Canadian would cost you roughly Rs. 32,000.
But the price of 545W Mono Half-Cut Canadian Solar panels in Pakistan is around Rs. 55,000. It’s around Rs. 100/watt, so for 660W, expect to pay around Rs. 66,000. Note that half cut panel tends to be expensive.
JA Solar Panels Price in Pakistan
Ja Solar is also a Chinese solar panel manufacturer that is known for its high quality and value for money. The price of JA Solar 550W Mono PERC panels in Pakistan is around Rs. 32,000. Depending upon the grade and whether it is simple or PERC, the price could be in the range of 30,000 to 40,000.
Trina Solar Panels Price in Pakistan
Trina Solar is a Chinese solar panel manufacturer and one of Pakistan’s leading solar panel brands. The price of Trina Solar panels in Pakistan is around Rs. 60 per watt. So, you will have to pay around 36,000 to get a 590W Trina solar panel.
MaxPower Solar Panels Price in Pakistan
Max Power Solar is a Pakistani solar panel manufacturer, one of the leading solar panel brands in the Pakistani market. While it is a local brand, it is not a cheaper brand as many would expect. The price of Max Power Solar panels in Pakistan is around Rs. 100 per watt. So, their 340W Poly PERC solar panels would come at a cost of Rs. 34,000.
Solar panel prices in Pakistan have come down significantly in recent years, making solar energy a more affordable option for homeowners and businesses. The price of a solar panel will vary depending on a number of factors, such as the type of solar panel, the brand, and the quality. However, the average solar panel price in Pakistan is between Rs. 50 and Rs. 70 per watt.
You May Want to Know: Solar Payback Period in Pakistan and How to Calculate it?
Best Solar Panels in Pakistan: Which Type of Solar Panel is Right for You?
The best type of solar panel for you will depend on your budget and your needs. If you are looking for the most efficient solar panel and don’t mind paying a premium, then monocrystalline, PERC, half-cut solar panels are the best choice for you. The brand could be any tier 1 brand, some of which we discussed above.
However, if you are on a budget and don’t mind slightly lower efficiency ratings, then polycrystalline solar panels are a great option. A better alternative, I believe, could also be the Mono PERC B-grade option of tier 1 brands. That way, you could save a few thousand per panel.
It is also important to consider the available space on your roof. Monocrystalline solar panels are more efficient, so you will need fewer panels to generate the same amount of electricity as polycrystalline solar panels. This means that monocrystalline solar panels are a good choice for homes with limited roof space.
If you are unsure which type of solar panel is right for you, we are here to guide you every step of your journey. Contact us and we will assess your needs and recommend the best type of solar panel for your home within budget. After all, at Ecospark Solar, it is all about solar and you.