According to a report, solar panel prices have decreased by up to 20 percent, along with significant reduction in prices of solar batteries. The price of a lithium solar battery decreased from Rs450,000 to Rs380,000 and the rates of tubular battery downed from Rs70,000to Rs55,000.

The experts attribute this significant reduction to the decline in global market prices and increasing demand for solar technology in Pakistan.

It merits mention that exorbitant electricity bills and frequent load-shedding forced consumers to shift to this renewable source of energy. This led to the record surge in demand for solar panels and batteries.

The experts are of the view that investing in solar panels and batteries is beneficial in the long run, as they do not only reduce electricity bill but also provide an effective and climate friendly solution to the global warming and other challenges.

This price reduction provides a golden opportunity to consumers, frustrated with rising cost of electricity, to adopt alternative energy sources.

The industry experts expressed hope that this trend will continue, making solar technology more accessible to the general public.