2026 Brings Major Hike in Solar Panel Prices – Latest Market Update

By: PM Shahbaz Staff

On: Tuesday, January 20, 2026 11:59 AM

2026 Brings Major Hike in Solar Panel Prices – Latest Market Update
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For households and businesses planning to switch to solar, the start of 2026 has brought an unexpected shock. Buyers across Pakistan are reporting noticeably higher prices for solar equipment, especially popular high-wattage panels. What was once seen as a steadily becoming affordable solution has suddenly turned costlier, forcing many people to pause or rethink their installation plans.

This update explains what has changed, why prices jumped, who is most affected, and what buyers should do next, using clear, factual information.

What Has Changed in Solar Panel Prices in 2026

Since the beginning of 2026, solar panel prices in local markets have increased sharply. Retailers confirm that commonly used imported panels, especially higher-capacity models preferred for homes and small businesses, are now selling at much higher rates than late 2025.

The increase has not been gradual. Many buyers who checked prices a few months ago are now facing a sudden jump per panel, making complete solar systems significantly more expensive than expected.

Current Market Situation – What Buyers Are Seeing

Although prices vary by brand and city, the overall trend is consistent nationwide.

General Price Movement

  • Mid-range solar panels are now costing several thousand rupees more per unit

  • High-watt panels have seen the largest absolute increase

  • Per-watt pricing has climbed noticeably in a short period

For a full home setup, this means the total project cost can be tens of thousands of rupees higher than last year.

Why Solar Panel Prices Have Increased So Sharply

The 2026 price hike is not driven by a single factor. Instead, multiple pressures are working together.

Rising Global Manufacturing Costs

Solar panels rely on materials like silver and copper, which have become more expensive globally. When raw material costs rise, manufacturers increase prices, and those increases eventually reach local buyers.

Strong Demand Inside Pakistan

Electricity tariffs remain high, and load-shedding concerns continue. As a result, demand for solar systems has stayed strong. High demand combined with higher costs has pushed prices upward faster.

Import-Related Charges and Taxes

Changes in import costs, duties, and related charges have added pressure. Even small increases at the import stage can translate into noticeable jumps at the retail level.

Currency Pressure

A weaker rupee increases the landed cost of imported solar equipment. This factor alone can push prices higher even if international rates stay stable.

Impact Beyond Solar Panels – Batteries Also Cost More

The price increase is not limited to panels alone. Buyers are also noticing higher prices for:

  • Solar batteries

  • Inverters and accessories

  • Installation and wiring services

Battery prices, in particular, have risen recently, increasing the total cost of off-grid or hybrid systems. For many households, batteries are essential, making the overall setup more expensive.

Who Is Most Affected by the Price Hike

First-Time Home Solar Buyers

Families planning their first installation are facing higher entry costs, forcing some to delay or reduce system size.

Small Businesses

Shops, clinics, and offices relying on solar to control operating expenses now need more upfront investment, affecting cash flow planning.

Existing Solar Users Expanding Systems

Those who planned to add more panels to existing setups are also affected, as expansion now costs far more than expected.

Is This Price Increase Temporary or Long-Term

Many buyers are hoping prices will fall again soon. At the moment, the outlook remains uncertain.

Short-Term Outlook

  • Prices may stay high if material costs remain elevated

  • Continued strong demand limits chances of immediate relief

  • Further currency pressure could push rates even higher

Medium-Term Possibility

If global material prices stabilize and demand eases slightly, some correction is possible. However, experts believe returning to 2025 price levels will be difficult in the near future.

What Buyers Should Do Now

Despite higher prices, solar energy still offers long-term savings. Buyers should act strategically rather than emotionally.

Compare Before You Buy

Prices vary by brand, warranty, and seller. Comparing multiple vendors can prevent overpaying.

Avoid Panic Decisions

Rushed purchases often result in poor system design or low-quality equipment. A slightly delayed but well-planned installation is usually better.

Focus on System Efficiency

Instead of buying more panels, consider:

  • Energy-efficient appliances

  • Load management

  • Smarter system sizing

Reducing consumption can lower the required system size and total cost.

Plan for Long-Term Value

Even at higher upfront costs, solar systems still protect against future electricity price hikes, which remain unpredictable.

What This Means for Pakistan’s Solar Market

The 2026 price hike is a reminder that the solar market is closely tied to global economics and local policy. While the increase has slowed adoption temporarily, interest in solar remains strong because conventional electricity continues to be expensive and unreliable.

In the long run, solar is still viewed as a strategic investment, not a luxury.

Conclusion

The year 2026 has brought a major hike in solar panel prices across Pakistan, driven by higher global material costs, strong domestic demand, import pressures, and currency factors. While this has made installations more expensive, solar energy remains a powerful tool for long-term savings and energy independence.

For buyers, the key is careful planning, realistic budgeting, and informed decision-making. Prices may fluctuate, but the long-term benefits of solar — lower bills, reliable power, and protection from future hikes — continue to make it a valuable investment.

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