Pakistan, March 18 -- Solar panel prices in Pakistan have fallen after the government introduced changes to the net metering policy. Consumers now find solar energy more affordable, with prices decreasing by Rs35,000 to Rs175,000. A 5 kW solar system now costs between Rs500,000 and Rs550,000, while a 10 kW system is priced above Rs800,000.

The price drop follows the government's decision to lower the buyback rate for net metering to Rs10 per unit and implement net billing for new consumers. This move aims to control rising electricity costs but has drawn criticism from industry experts. The Pakistan Solar Association (PSA) warns that these changes could slow the adoption of solar power and hurt consumers.

PSA Chairman Waqas Moosa highli...