Today’s Canadian Solar Panel Price in Pakistan – UPDATED

Canadian Solar Panel Price in Pakistan

Canadian Solar Panels is one of the most popular solar panel manufacturing companies in Pakistan. This article will explore Canadian solar panels prices in Pakistan, their price history, and forecast.

Canadian Solar Panel Price in Pakistan

Here is a table of Canadian Solar Panel Price in Pakistan:

History of Canadian Solar Panel Prices in Pakistan

Solar panel prices have decreased continuously since the end of 2023 and have reached their lowest point ever. Hence, it is considered the best time to buy solar panels. To inform you of the latest price trends and previous stats, we’ve made a chart that indicates the monthly average Canadian solar panel price in Pakistan during 2024.

Note: Click on a specific point to know the price for that month.

Solar Panel Price Forecast

The Tribune, an internationally affiliated newspaper in Pakistan, published an article on 12th May 2024 describing why solar panel prices are decreasing gradually. The first reason mentioned in the article is the excessive import of solar panels. As the supply of a product increases, its price starts declining due to comparatively low demand.

The second reason is the offloading of panels by Chinese companies, as they start manufacturing 610, 650, and 670 Watts solar panels with the latest HJT technology. Since modern solar panels are near to being introduced in the market, the price of regular solar panels may fall further.

The chart below shows the price forecast chances for next month.

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Factors Affecting Solar Panel Rates in Pakistan

As we’ve seen, solar panel prices are decreasing daily; the reasons that affect solar panel prices are mentioned below:

  • Market Demand: The supply and demand rule is one of the most important factors that can cause a shift in the solar panel price. As the demand increases, the rates go higher. On the other hand, when the supply increases, the rates fall.
  • Type and Quality: High-quality solar panels are more efficient and have a longer life span than low-quality solar panels. The type of solar panel, i.e., monocrystalline or polycrystalline, also impacts its price.
  • Size and Capacity: Larger solar panels can generate more power because they have a bigger surface area than small ones. They also need more raw materials for their formation in the factory, causing an increase in their cost.
  • Government Policies: The government of Pakistan is introducing new policies for solar panel consumers. These policies include new tax reliefs for consumers and net metering. The amount of these taxes or incentives can impact the price of a solar panel in Pakistan.

Regional Price Variations

If you face variations in Canadian Solar Panel prices in Pakistan, especially in distant areas, don’t worry; it is a common practice, and we’ve explained why we might encounter such little variations in Solar Panel Prices in Pakistan. Some reasons are given below:

  • Transportation Costs: Getting panels from the factory to your local shop involves transportation costs. The more distance the panel travels, the more cost is added to its final. This means a panel becomes more expensive in areas far from production plants.
  • Availability Options: If limited solar panel brands or shops are available in your region, there will be less competition, which could affect the pricing. If you have more options, the prices will be more competitive.
  • Dealer Margins: If a solar panel goes to far areas, it will pass through many dealers, from importers to retailers. Every dealer will keep its margin, producing a high panel price for the final customer in distant regions.
  • Taxes and Government Regulations: Different regions, e.g., Punjab, Sindh, Federal, and KPK, may have varying sales tax rates, and they can slightly impact the final price of a panel in different areas of Pakistan.

FAQs

There are a few major elements that determine the solar panel price, including supply and demand, quality, size, type, and electricity generating capacity of a panel.

Usually, the lifespan of a standard solar panel is about 20 years, but it can last up to 25 years with proper maintenance and care. Moreover, modern panels with the latest HJT technology can last even longer than previous ones.

Solar panels can work in extreme weather conditions. They can easily tolerate a temperature of 50-55 degrees Celsius, which is unbearable for a man. However, they can stop working near 80-85 degrees Celcius.

Solar panels do not need direct sunlight to produce electricity. They can work even when the weather is cloudy or during a full moon night. However, they can not generate electricity in darkness.

Monocrystalline solar panels can work more efficiently in low light or during cloudy days than other types of solar panel.

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