The rate of electricity is increasing, & many individuals in Islamic Republic Of Pakistan are switching to the solar system. But a common question is: Is there any tax on solar systems? Here’s what you need to know.
Tax on Solar Systems
In 2022, the Government of Pakistan removed the 17% sales tax on solar panels. This conclusion was made to foster renewable energy & that support people save on electricity bills. Now, when you buy solar panels, you do not need to pay extra tax or sales tax, which makes solar energy more simple and affordable.
No Customs Duty Or Sales Tax on Imports
To make solar energy cheaper, the government of Pakistan has also removed customs duty on imported solar instruments. This includes solar panels, batteries, & inverters. Since most solar panels or other equipment is imported, this step supports in reducing the overall price of setting up a proper solar system.
Government Of Pakistan Support for Solar System
The government of Pakistan is steadily encouraging solar energy. In Punjab & Sindh, many special programs have been introduced to support individuals to get solar panels at lower cost. Farmers are also getting solar-powered tube wells, which will decrease their electricity cost & enhanced farming conditions.
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Net Metering Benefits
Another benefit of using solar systems is net metering. This allows homeowners to sell extra amounts of electricity back to the national grid. People who install solar panels can earn a better amount of money by supplying excess energy, making the solar system a profitable investment.
