Massive drop in prices of solar panels

The prices of solar panels across the country crashed as a significant reduction was recorded on Friday, reported 24NewsHD TV channel.

According to report, the cost of five to 15 kilowatt system has been reduced by up to Rs300,000.

The price of 5 kilowatts system has been set at Rs650,000 in the market while price of a 7 kilowatt system has been set at Rs725,000.

Moreover, for a 10 kilowatt system, the price has dropped to Rs950,000 while price of Rs1.1 million has been fixed for a 12 kilowatt system.

For a 15 kilowatt system, the price was fixed at Rs1.25 million.

The above prices are specified for on-grid system and batteries for hybrid systems will cost extra.

Reporter: Shahid Sipra