The sun offers a powerful and sustainable solution to your energy needs, and India is embracing solar power like never before. But before you take the plunge and install solar panels on roofs, you likely have one key question: how much do solar panels cost in India?
This blog post is your one-stop guide to understanding solar panel prices in India. We’ll unveil the factors that influence the final cost and equip you with the knowledge to make an informed decision about going solar.
Unpacking the Price of Sunshine:
Solar panel systems aren’t one-size-fits-all. The final cost depends on several factors, including:
So, what’s the ballpark figure?
In India, the price of solar panels typically ranges from ₹2.40 to ₹3.60 per watt, with the entire solar panel installation cost falling between ₹50,000 and ₹2,00,000. However, remember, this is just an estimate.
By understanding the cost factors, you can effectively budget for your solar panel installation. Many solar energy companies in India offer financing options to make the transition to clean energy more accessible.Investing in solar panels is an investment in your future. This blog empowers you with the knowledge to navigate solar panel costs in India and make a well-informed decision towards a sustainable and cost-effective energy solution for your home.
Read More: Rooftop Solar Installation
The cost of solar panel installation for homes can vary considerably, as each solar energy system is tailored to the specific requirements of the structure, roof specifications, shading, and utility. The per-watt price for solar panels typically falls within the range of Rs. 75,000 to Rs. 85,000. On average, you can expect to invest anywhere from Rs. 75,000 to Rs. 85,000 for a 1kW solar panel price in India, Rs. 1,50,000 to Rs. 1,70,000 for a 2kW solar panel price in India, Rs. 1,89,000 to Rs. 2,15,000 for a 3kW solar panel cost in India, Rs. 2,52,000 to Rs. 2,85,600 for a 4kW solar panel cost in India, Rs. 3,15,000 to Rs. 3,57,000 for a 5kW solar panel price, and Rs. 5,31,000 to Rs. 6,07,000 for a 10kW solar cost for home.
Understanding the various factors that influence the solar installation price is crucial for homeowners. The rooftop solar installation cost depends on the specific design requirements of your home. By considering the home solar installation price, you can effectively budget for solar panels to achieve the most significant energy savings.
Exploring the roof solar panel cost for homes provides insight into the financial commitment involved in switching to solar energy. Below information will guide you through the solar panel price and installation costs in India, helping you make an informed decision for your sustainable energy needs.
Solar panel installation costs per kWh in India across different system sizes:
| Solar System Size | Average Annual System Output* (KWh) | Average Cost Before Federal Tax Credit | Average Cost After Federal Tax Credit (30%) |
| 1kW Solar System | 1,200 | $2,500 | $1,750 |
| 2kW Solar System | 2,400 | $5,000 | $3,500 |
| 4kW Solar System | 4,800 | $10,000 | $7,000 |
| 5kW Solar System | 6,000 | $12,500 | $8,750 |
| 10kW Solar System | 12,000 | $25,000 | $17,500 |
| 100kW Solar System | 120,000 | $250,000 | $175,000 |
| 200kW Solar System | 240,000 | $500,000 | $350,000 |
| 1MW Solar System | 1,200,000 | $2,500,000 | $1,750,000 |
Read More: Solar Panel Installation
Read More Our Blog Post: Commercial Solar Panel Installation Cost
We offer competitive pricing for industrial solar panel installations to meet the needs of large-scale operations. The cost of industrial solar panel installation varies based on system size and specific requirements, but our competitive pricing ensures you receive the best value. With our extensive range of industrial solar panels, we provide efficient and cost-effective solutions for reducing energy costs and enhancing sustainability. For a detailed quote on industrial solar panel prices and installation costs, contact us to see how we can support your energy goals.
Read More: Industrial Solar Panel Price
The standard price for solar panels stands at approximately Rs. 40,000, with a variation between Rs. 36,000 to Rs. 44,000 depending on the type and model chosen. You have the flexibility to choose from three primary solar panel types:
Monocrystalline Solar Panels: These panels boast an impressive efficiency rating of 17% to 22%, but they come with a somewhat higher price point. On average, the cost of monocrystalline solar panels falls within the range of Rs. 43 to Rs. 63 per watt. Opting for monocrystalline panels for your solar energy system may be a pricier investment, but it promises increased energy output per square foot of panel area.
Polycrystalline Solar Panels: Polycrystalline-based photovoltaic panels are known for their cost-effectiveness, as they have a lower manufacturing cost per panel. While their efficiency is slightly lower, ranging from 15% to 17%, they are a more budget-friendly option, with a price range of Rs. 30 to Rs. 36 per watt. Utilizing polycrystalline solar panels for your solar energy system is an economically sound choice for consumers.
Bifacial Solar Panels: For those seeking maximum energy yield from their solar panel installation, bifacial solar panels are a compelling option. These panels feature solar cells on both their front and back sides, enabling them to generate substantial solar electricity. With an efficiency rating of 20% and beyond, bifacial solar panels typically fall within the cost range of Rs. 37 to Rs. 52 per watt.
Solar Panel Type | Cost Per Watt (Rs.) | Efficiency Percentage |
Polycrystalline Solar Panels | 36 – 40 | 15 – 17% |
Monocrystalline Solar Panels | 40 – 44 | 18 – 22% |
Bifacial Solar Panels | 44 – 48 | 19 – 24% |
Read More: Types of Solar Panels: Cost, Efficiency
GSE offers a range of solar panel options for various capacities. Here are the average expected prices per watt for polycrystalline, monocrystalline, and bifacial solar panels for different installation sizes:
These prices are averages and can vary based on factors such as location, installation complexity, and specific panel models.
The cost of commercial solar panel installations varies based on system size and other factors. On average, a commercial solar system can cost around ₹1,60,000 per kW. For example, a 100 kW system might cost approximately ₹2,00,00,000, while a 1 MW installation could reach ₹20,00,00,000. Costs are influenced by system size, panel type, installation complexity, and location. Government incentives and financing options can significantly reduce these costs, making solar energy an attractive investment for businesses. For an accurate estimate and detailed cost breakdown, request a custom quote or use our Solar Calculator.
Read More: Commercial Solar Installation Cost
Before making the transition to solar energy, it’s crucial to consider various factors that can impact your long-term savings:
Review Your Electric Bill: Solar panels, commonly mounted on rooftops, harness the sun’s energy to generate clean power, reducing your reliance on grid electricity. The higher your electricity bill, the greater your potential savings. Keep in mind that fluctuations in electricity prices and changes in energy consumption can affect the amount you save with solar panels.
Evaluate Your Sunlight Exposure: The amount of sunlight your location receives plays a significant role in the energy your solar system can produce. Many states in India experience 3 to 5 peak sun hours, making it ideal for solar power generation. The orientation of your roof and shading can also affect energy output, but high-efficiency solar panels can mitigate these issues.
Estimate and Compare Solar Panel Cost: The bulk of solar panel installation costs stems from purchasing solar panels and related components. Modern solar energy systems can last up to 25 years with minimal maintenance. To determine the right system size, calculate your average daily energy demand based on your monthly utility bill. An average residential 5kW solar system in India costs around Rs. 3,15,000 to Rs. 3,57,000, excluding government subsidies.
Take Advantage of Government Subsidies: The Indian government’s Rooftop Solar Programme Phase – Ⅱ offers subsidies to homeowners and housing societies for installing solar power plants. The National Portal for Rooftop Solar simplifies the process, providing information on eligibility criteria and approved solar vendors.
The National Portal for Rooftop Solar simplifies, speeds up, and makes more transparent the process of obtaining subsidy benefits. It provides comprehensive information on the eligibility criteria and the Approved List of Models and Manufacturers (ALMM) of Solar Photovoltaic Modules. You can also find a list of solar vendors who have been empanelled to install solar plants.
Rooftop Solar System Capacity | Applicable Subsidy (₹) |
Up to 3kW | 14,588/kW |
Above 3kW and up to 10kW | 7,294/kW* |
Above 10kW | 94,822** |
Resident Welfare Associations (RWA) / Group Housing Societies (GHS) | Rs. 7,294/- per kW For common facilities up to 500 kWp @ 10 kWp per house, with the upper limit being inclusive of individual rooftop plants already installed by individual residents in that GHS/RWA at the time of installation of RTS for common activity. |
Note: *₹14,588/kW for the first 3 kW and ₹7,294/kW for the rest of the capacity up to 10kW. **The subsidy amount is fixed for rooftop solar systems above 10kW capacity. | |
Read More: Solar Power System Installation Benefits
Solar panel installation in India is a sustainable and cost-effective way to generate electricity while reducing your carbon footprint. By understanding the costs involved and the savings potential, you can make an informed decision about transitioning to solar energy. Additionally, exploring government subsidies and incentives can make your investment even more attractive.
Remember that while the initial cost may seem high, the long-term benefits and environmental advantages of solar panel installation in India make it a compelling choice for many. As technology advances and prices continue to decrease, going solar is becoming an even smarter investment. GSE Renewables provide best solar panel installation with an affordable cost.
The cost of a full home solar system in India varies depending on the size of the system and the quality of the components used. However, as a general rule of thumb, you can expect to pay between ₹75,000 and ₹85,000 per kilowatt (kW) of capacity.
A 5kW solar system is a good size for most average Indian households. It will typically cost between ₹3,75,000 and ₹4,25,000 to install.
To run a 1.5-ton AC on solar power, you will need at least 4 solar panels. However, the exact number of panels required will depend on the efficiency of the panels and the amount of sunlight your roof receives.
Yes, you can run an AC on solar power. However, it is important to note that ACs consume a lot of electricity. Therefore, you will need a large enough solar system to power your AC and other appliances.
Yes, there are government subsidies available for solar installations in India. The Ministry of New and Renewable Energy (MNRE) offers a subsidy of up to 40% on the cost of solar panels.
Solar panels typically have a lifespan of 25-30 years. However, they can last even longer if they are properly maintained.
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