Insiders in the industry revealed that the drastic drop in lithium battery prices globally is the main factor responsible for this price decrease.
The solar energy business has experienced a significant shakeup due to the roughly 50% decline in lithium battery prices over the last year.
Due to importers’ refusal to share the savings with local customers, dry battery prices are mostly unchanged.
The rising demand for net metering has propelled Pakistan’s solar energy industry to spectacular growth since 2023. Numerous customers have shifted to more cost-effective and dependable solar energy options as a result of the nation’s reliance on pricey grid electricity.
Pakistan is well-positioned to maintain its increasing trend in the use of renewable energy sources, as solar kits are now available at historically low prices.
The Power Division denied allegations earlier on April 27 that suggested a set tax on solar energy will be implemented, calling the claims unfounded and deceptive.
According to the Power Division, no such report about the implementation of a fixed tariff on solar energy has been provided to the government.
Explore Further: Solar Solution in Pakistan: Everything You Should Know
The announcement followed reports from sources yesterday that the Central Power Purchasing Agency (CPPA) suggested taxing anyone who use solar panels for home or business use at the federal level.
