According to the Finance Bill 2023-24 approved by the Federal Cabinet, it has been decided to eliminate the duty on the import of solar panel manufacturing raw materials and solar panel machinery.
According to the important points of the Finance Bill 2023-24, the federal cabinet has abolished the customs duty on the raw material for the manufacture of solar panels, the customs duty has also been abolished on the raw materials for the manufacture of solar panel batteries, while the solar panel Duty on import of machinery and raw material for solar panel inverter has also been abolished.
According to the finance bill, the duty on raw materials related to the manufacture of thinner has been abolished in the country, while it has been decided to reduce the duty on various raw materials for the manufacture of polyester. According to the finance bill, the machinery of the mineral sector. It has been decided to abolish the duty on import while the customs duty on dyes and other related raw materials of the textile sector has also been abolished.
Current Solar Panel Per Watt Price in Pakistan June 2023
Despite these efforts, the adoption of solar energy in Pakistan has been relatively slow, with only 1% of the country’s electricity generation coming from solar power. However, this trend is expected to change in the coming years as the cost of solar energy continues to decrease.
Factors Affecting Solar Panel Per Watt Price in Pakistan
The per watt price of solar panels in Pakistan is influenced by a variety of factors, including government policies, international market trends, and technological advancements.
Government Policies and Incentives
The government of Pakistan has implemented a number of policies and incentives to promote the use of solar energy in the country. These policies include net metering, which allows solar energy users to sell excess energy back to the grid, and tax exemptions for solar installations.
However, changes in government policies can also have an impact on the per watt price of solar panels. For example, if the government were to reduce or eliminate incentives for solar installations, the demand for solar panels could decrease, leading to a drop in prices.
International Market Trends
The per watt price of solar panels is also affected by international market trends. For example, if there is an oversupply of solar panels in the global market, prices may decrease. Conversely, if demand for solar panels increases, prices may go up.
Technological advancements in solar technology can also impact the per watt price of solar panels. As new and more efficient solar panels are developed, prices may decrease as production costs go down.
Current Solar Panel Per Watt Price in Pakistan (June 2023)
Permission for duty-free import of IT-related goods has been approved, while the duty imposed on the import of flavoring powder in food and beverages has been exempted and the duty on the import of machinery for rice mills has also been abolished. .
How to Choose the Right Solar Panel for Your Needs
When choosing a solar panel for your home or business, there are several factors to consider.
Type of Panel
There are two main types of solar panels: monocrystalline and polycrystalline. Monocrystalline panels are more efficient and durable,