Over the last year, international lithium battery costs have dropped by about 50%, greatly impacting solar panel pricing in Pakistan and resulting in a dramatic decrease.
In Pakistan, solar panel prices have dropped rapidly, and demand is increasing.
Solar panel prices in Pakistan have fallen to a historic low of Rs32-34 per watt, the most significant drop in the industry's history. This significant price decrease is largely the result of a domestic market glut and a global decline in lithium battery prices, which has also reduced international solar panel costs.
