Solar power generation is one of the most efficient and cost-effective electricity production methods. It is also a green solution that reduces pollution and improves the environment.
As a country that relies heavily on imported fuels, Pakistan is in an energy crisis. It is high time that the government starts to focus on renewable energy sources like solar.
High Electricity Bills
You can be worried about high electricity bills, especially if you have an energy-intensive business. That's why looking at your monthly bills and determining how many units you consume is a good idea.
Luckily, the energy prices in Pakistan are becoming more competitive by the day, and installing solar can be a relatively inexpensive solution for commercial and industrial businesses. However, it's essential to connect with a solar company that offers energy PPA services and calculate the savings your organization could achieve by shifting to solar.
Pakistan's growing energy sector relies heavily on fossil fuels, but it needs significant investment in renewables to curb emissions and meet its growing demand. Solar power is an effective way to help the country transition its energy sector to green and reliable sources.
High Taxes
Many people in Pakistan are worried about high electricity bills. They may want to switch to solar to reduce costs and avoid load-shedding.
But it is difficult to do so when they are also worried about paying taxes. As it is, Pakistan's tax collection system is riddled with corruption and evasion.
This problem could be worsened by Islamabad's recent decision to impose a 10 percent tax on large-scale industries, including cement, steel, sugar, oil and gas, fertilizers, LNG terminals, textile, banking, automobile, cigarettes, beverages, and chemicals.
These increased taxes could hurt in promoting renewable energy in Pakistan, especially solar panels. It would directly impact the installation of rooftop solar systems in the country. Consequently, it will significantly increase the cost of electricity for small and medium-sized businesses as well as off-grid and lower-income households.
Low Supply of Solar Panels
Pakistan is a promising solar energy market with abundant irradiance, and the government has set a target to generate 60% of its electricity from renewable sources by 2030. However, solar power generation has faced many challenges.
Economists say the high initial cost of solar technology significantly hinders its development. Moreover, experts say installing large solar panels on farms is complicated.
Nevertheless, renewable energy is becoming increasingly popular in Pakistan, especially among the rural population. Several governments have already launched initiatives to promote this energy source to overcome the country's energy crisis.
The recent proposal by the government to reduce taxes on solar and wind energy equipment is a welcome move in this regard. It is aimed at helping manufacturers and assemblers of renewable energy technologies boost their production and use.
Load-shedding
Weak capacity in the power sector has forced a massive shift from conventional electricity generation to renewables. The result is a growing crisis of load-shedding in Pakistan.
Load shedding is a process used by utility companies to keep the network stable and reduce the impacts of excess demand on customers. It occurs when there is a shortage of capacity in the network and the grid is unstable.
It is estimated that a load shed can last as long as 8 hours and affects the lives of millions in Pakistan, making it challenging to study, work, sleep, and do other essential tasks.
Load shedding is also harmful to families, increasing the costs of living in rural areas. Consequently, finding alternative energy sources to alleviate energy poverty and improve the quality of life in these regions is essential.
Shams Power is Pakistan's top provider of industrial solar energy solutions. With our solar finance service under the BOOT Model, we have had tremendous success in the industrial sector, creating several power plants in various commercial and industrial enterprises.
Many commercial and industrial firms have valued and trusted our services. Our BOOT approach (Build, Own, Operate, and Transfer) assists Pakistan in launching ambitious sustainable energy projects. We also help install solar roofs, ground-mounted systems, and solar carports, covering all procurement, installation, operation, and maintenance expenses.
Do you still need clarification about your energy requirements and alternatives? Work with Shams Power, and we'll take care of the rest, assuring a smooth transition to solar power technology with no surprises. Visit our website or Contact us at 0341 7426777
