There has been a notable nationwide decrease in solar panel prices, which has resulted in a notable decrease in the expenses of 5kW to 15kW systems.
A 5kW solar system currently costs Rs650,000 on the market, while a 7kW system costs Rs725,000, according to sources in the media. A 12kW system can now be purchased for Rs1,011,000, while a 10kW setup used to cost Rs950,000.
These costs are related to off-grid systems. Those who choose hybrid systems will have to pay more for batteries.
More homes and companies are anticipated to invest in renewable energy as a result of the expected drop in solar panel prices, which will lower electricity bills and lessen dependency on conventional power sources.
