Rising Electricity Costs Drive Surge in Solar Adoption Amid Tax Reductions

In response to the escalating electricity crisis and the persistent increase in electricity tariffs, citizens have increasingly embraced solar energy solutions.

This trend has been facilitated by recent governmental tax reductions, resulting in a substantial decrease in solar equipment costs.

Solar vendors report notable profits from the importation of solar panels, reflecting the growing demand.

With electricity bills on the rise, many individuals are opting for solar alternatives. The cost of a solar panel, previously priced at Rs 80 per watt a year ago, has now reduced to Rs 35, indicating a significant affordability improvement.