Solar panels can be cheaper in Pakistan due to several factors:
- Government Incentives: The Pakistani government offers subsidies and incentives to promote solar energy adoption. This can reduce the upfront cost for consumers and businesses.
- Local Manufacturing: Some solar panels used in Pakistan are locally manufactured or assembled, which can reduce costs compared to imported panels due to lower transportation and import duties.
- Lower Labor Costs: Labor costs in Pakistan are generally lower compared to many other countries, which can contribute to lower overall installation costs.
- Abundant Sunlight: Pakistan has abundant sunlight throughout the year, making solar energy a viable and attractive option. This demand can drive competition and lower prices.
- Economies of Scale: As the solar industry in Pakistan grows, economies of scale come into play, driving down costs of production and installation.
- Technological Advances: Advances in solar panel technology globally have also contributed to lower costs over time, benefiting markets like Pakistan.
These factors together contribute to making solar panels more affordable in Pakistan, encouraging more widespread adoption of solar energy.