Solar Panel Prices Expected to Rise, Say Experts

Industry experts have signaled a possible rise in solar panel prices after a long period of steady declines. The increase is likely due to reduced imports, which could affect availability in the coming months.

Solar Panel Prices Expected to Rise

According to a report by Aaj News, solar panel imports in Pakistan dropped significantly. In September 2024, imports fell to 1,010 MW, down 63% from 2,762 MW in April. This downward trend has continued over the past few months, with August imports standing at 1,121 MW.

The decline in imports is mainly due to shipment delays and logistical challenges. As a result, the current stock of solar panels is largely leftover from previous months. While no immediate price increase is expected, experts warn that if inventory levels drop further, prices could rise.

Earlier this year, a significant drop in solar panel prices led many residential, commercial, and industrial customers to purchase panels as a way to lower their electricity costs. However, with imports falling, industry insiders believe that the current supply may only last for a few more months. Delays in new shipments could mean longer wait times for consumers.

Experts say that solar panel prices have now stabilized and are unlikely to fall further. Consumers waiting for more price drops could face higher costs or delays due to inventory shortages. They are advising potential buyers to act now, as current prices and availability make solar panels a good investment.

For now, the market is stable, but reduced supply could lead to disruptions if demand rises.

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