Solar Market Sees Major Price Drop
Solar equipment prices have fallen sharply in Pakistan after the federal government decided not to impose new taxes on solar products in the 2026-27 budget.
The decline has been reported across Karachi’s major electronics markets. Traders said prices had increased before the budget due to speculation about possible new taxes on solar panels, batteries, and inverters.
Many dealers had raised rates in advance. Some also held back stock, expecting to sell solar equipment at higher prices after the budget announcement.
However, the expected tax increase did not happen. As a result, market prices quickly started moving downward.
According to traders, lithium battery prices have dropped by around Rs. 30,000. Inverter prices have also decreased by up to Rs. 10,000. Solar panel prices have fallen by nearly Rs. 3,000.
Panels, Batteries and Inverters Become Cheaper
Market dealers said the price correction came after supply improved and demand slowed.
Solar panels with capacities of 645W, 585W, and 720W are now being sold at around Rs. 45 per watt. Just a few days earlier, these panels were available at around Rs. 50 per watt.
The price of a 5kWh lithium battery has also fallen. It is now available for around Rs. 230,000 in the local market.
Inverter prices have also moved lower. According to market rates, 3kW to 5kW inverters are now selling between Rs. 120,000 and Rs. 300,000. The final price depends on the brand, quality, and specifications.
The fall in prices may bring relief for households and businesses planning to shift to solar energy.
Traders Expect Prices to Remain Stable
Market participants said prices may remain stable in the near term.
They said concerns over new taxes have now reduced. Imports are also continuing, and inventories remain available in the market.
Dealers are now trying to clear old stock that was held before the budget. This has created more competition among sellers and pushed prices down.
The latest price drop may encourage more consumers to install solar systems, especially during high electricity costs and frequent energy concerns.
Traders said the market could remain balanced if supply continues to meet demand and no new policy change is announced.
For now, buyers may benefit from lower prices on solar panels, lithium batteries, and inverters across Pakistan’s solar markets.
