Solar panels have become increasingly affordable in various countries worldwide, including Europe, leading to innovative repurposing efforts such as using them to create garden fences in the Netherlands and Germany, as reported by global media outlets.
Photos circulating on social media from European countries showcase a rising trend of employing solar panels as garden fences instead of traditional rooftop installations. The high cost of labor associated with rooftop installations has prompted residents in these nations to explore alternative uses for solar panels.
The decrease in solar panel prices can be largely attributed to the surge in production by Chinese companies, which has flooded the global market. This oversupply has posed challenges for US and European manufacturers to compete, consequently resulting in a significant drop in prices.
According to the International Energy Agency, global solar panel supply is projected to reach 1,100 gigawatts by the end of the year, tripling the current demand. Prices on the spot market have already halved in 2023 and are expected to decrease by an additional 40 percent by 2028.
Pakistan has also experienced a decline in solar panel prices, with a noticeable reduction observed last year for solar power-generating panels. Presently, the market offers seven to 15-kilowatt systems for as low as Rs 200,000. Solar panel businesses attribute this trend to various factors and anticipate further price reductions in the foreseeable future.
