The cost of solar panels has decreased considerably nationwide, resulting in lower prices for systems between 5kW and 15kW capacities.
As per recent media reports, a 5kW solar setup is now available at Rs650,000, while a 7kW system is priced at Rs725,000.
Meanwhile, the price of a 10kW solar system has been reduced to Rs950,000, and a 12kW system can now be purchased for Rs1,011,000.
These prices apply to on-grid systems connected to the national power grid. However, those interested in hybrid solar systems, which include battery storage, will face extra costs for batteries.
The reduction in prices is expected to motivate more households and businesses to shift to solar power, decreasing electricity bills and lessening dependence on conventional energy sources.