Pakistan would see a significant decrease in the cost of solar panels in Budget 2024–2025.

Pakistan would see a significant decrease in the cost of solar panels in Budget 2024–2025.
Solar panels

ISLAMABAD: Tax breaks on solar energy costs will assist Pakistanis in transitioning to green energy, as the government approved in Budget 2024–2025 tax breaks on solar panel imports.

 

The government, led by the PML-N, declared a reduction in solar panel import duties.

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Budget documents state that in order to meet domestic demand and create revenue, relief is being provided on the import of plants, machinery, and related equipment as well as raw materials and components used in the manufacture of solar panels, inverters, and batteries.

 

This action can help save significant foreign cash and encourage the industry to reduce emissions.

Budget 2024-25

Inverters were previously projected to be subject to an 18% sales tax. In order to promote local producers, Chinese investors propose putting import charges on solar panels that are completely assembled.

 

Furthermore, in response to recent worries, the government has not modified its net-metering policy.

 

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