Is solar energy the best option for Pakistan?

Pakistan's solar system market is steadily expanding everywhere in the world. Pakistan has the potential to generate 92 percent of its electrical needs from solar energy, which is among the highest rates in the world. Solar PV plants can generate 58.1 percent of electricity, while concentrated solar power plants (CSP) can generate 15%. With such a huge potential in the market, new solar panel system companies are emerging. Recently a new solar system company in Lahore Sympl energy had opened a lavish office in DHA Lahore.

Load shedding is becoming more of a concern in Pakistan, and as electricity rates continue to rise, more people are opting for solar systems. Many banks are also financing solar systems, therefore the sector is booming. Solar panel engineers can install a solar system to generate power in practically any city or region in Pakistan. If you deal with a reputable solar company in Pakistan, they can show you how a solar system may benefit your business.

Pakistani corporates can avoid long-term renewable energy maintenance expenditures with such solar financing solutions. With a 10-year payback period, owning a solar system is unquestionably a good investment. The emergence of third-party ownership is the dominating model for solar installation in the solar industry. Solar energy is mostly beneficial to the commercial and industrial sectors in Pakistan.

The solar system trend in Pakistan is relatively new, and it is gaining traction due to the increased benefits of avoiding the energy supply-demand gap. Because taxes are cheap and banks are financially sound, now is the perfect moment to switch to a solar system. If you're thinking about it, don't wait any longer. Because the solar system industry is rapidly expanding, rates could skyrocket if you wait too long to make a decision, and because dollar costs are also rising, the cost of a solar system will climb as well.

Many corporations have already made the switch to solar energy. The grid is available in many Pakistani distant places, but electricity supply is restricted, thus solar systems can be quite beneficial in these Pakistani metropolitan areas. Solar power is currently one of the most popular sectors for energy investment in Pakistan.

Pakistan intends to significantly develop its power sector. As a result of rising power rates, a growing trend in net metering and distributed generation has emerged. As I previously stated, now is the best time to switch to a solar system because the price will undoubtedly rise. With all of these energy concerns, countries like Pakistan require consumer assistance to replace energy sources. Pakistan is at a unique geographical location. It receives a lot of sun radiation. It has some areas that are extremely hot for more than 8 months of the year, thus a solar system is the ideal investment to reduce electricity expenditures.

Furthermore, rather of charging taxes on solar systems, the Pakistani government should offer financing, discounts, and duty exemptions, as this will encourage widespread adoption of solar systems, which is the time's demand.

Views: 123

Comment

You need to be a member of PakAlumni Worldwide: The Global Social Network to add comments!

Join PakAlumni Worldwide: The Global Social Network

Pre-Paid Legal


Twitter Feed

    follow me on Twitter

    Sponsored Links

    South Asia Investor Review
    Investor Information Blog

    Haq's Musings
    Riaz Haq's Current Affairs Blog

    Please Bookmark This Page!




    Blog Posts

    Builder.AI: Yet Another Global Indian Scam?

    A London-based startup builder.ai, founded by an Indian named Sachin Dev Duggal,  recently filed for bankruptcy after its ‘neural network’ was discovered to be 700 Indians coding in India. The company promoted its "code-building AI" to be as easy as "ordering pizza".  It was backed by nearly half a billion dollar investment by top tech investors including Microsoft. The company was valued at $1.5 billion. This is the latest among a series of global scams originating in India. …

    Continue

    Posted by Riaz Haq on June 8, 2025 at 4:30pm — 9 Comments

    Pakistan's Homegrown Link-17 Kill Chain Helped Shoot Down India's Rafale Fighter Jets

    Using a homegrown datalink (Link-17) communication system, Pakistan has integrated its ground radars with a variety of fighter jets and airborne early warning aircraft (Swedish Erieye AWACS) to achieve high level of  situational awareness in the battlefield, according to experts familiar with the technology developed and deployed by the Pakistan Air Force. This integration allows quick execution of a "…

    Continue

    Posted by Riaz Haq on May 31, 2025 at 9:00am — 14 Comments

    © 2025   Created by Riaz Haq.   Powered by

    Badges  |  Report an Issue  |  Terms of Service