Solar panel prices across the country witnessed a major decline on Friday, offering a significant reduction in the cost of systems ranging from 5 to 15 kilowatts. According to reports, the price cuts have been as high as Rs300,000.The market price for a 5-kilowatt solar system now stands at Rs650,000, while a 7-kilowatt system has been priced at Rs725,000.For larger systems, the cost of a 10-kilowatt setup has dropped to Rs950,000, and a 12-kilowatt system is now available for Rs1.1 million.

The price of a 15-kilowatt system has been set at Rs1.25 million, marking the highest reduction in this range.These prices apply specifically to on-grid systems, which are designed to be connected to the national grid. However, those opting for hybrid systems—capable of storing energy using batteries—will need to bear the additional cost of batteries.

The reduction in solar panel prices is expected to encourage more households and businesses to invest in renewable energy, helping to reduce electricity costs and reliance on traditional power