Solar Power Panel Price in India

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India’s solar energy production demands are increasing day by day. It has been possible due to the rise in awareness of solar energy. Moreover, the endless benefits of this renewable energy have further urged consumers to deploy more and more solar systems.

 

You can estimate energy production using Statista’s data.

 

• The solar energy market in India has reached the production of 95.82bn kWh in 2024.
• The annual growth rate of 7.83% is pretty rapid for solar systems.

 

Suppose you are an Indian and want to deploy a solar power system. How much does it cost to purchase the solar panels?

 

Let’s discuss the various types of solar panels and the factors affecting the costs.

 

Factors affecting the solar panel price in India

 

Solar panel price doesn’t rely only on one factor. Instead, type, quality, capacity, and brand can impact the prices. The higher your quality or brand, the higher the prices jump. Whenever purchasing solar panels in India, you must learn about the following factors and alter the prices.

 

Type of solar panel

 

There are a few types of solar panels available in India. Here are a few types with their pricing ideas and quality.

 

• Polycrystalline solar panels are more affordable because they are less effective in energy generation.
• Monocrystalline solar panels are better for energy generation and, therefore, more expensive than polycrystalline ones.
• Thin-film panels are lightweight and affordable due to lower efficiency.
• Bifacial panels are more costly than thin film panels due to their high performance.

 

Whenever purchasing solar panels, you must know the type and alter your choices depending on the installation and energy needs.

 

Capacity 

 

The capacity of the solar panels refers to the power. They can range from 250 watts to 600 watts. However, the 250 watts is ideal for small usage, especially when you have to consider the installation for the residential areas.

 

For the commercial sectors, you must deploy a high-capacity solar panel. Therefore, the prices are higher for 600 watts than 250 watts.

 

Efektywność 

 

Does your solar panel produce more power and give 99% efficiency? It is expensive compared to the same solar panel with less than 99% efficiency. 

 

All price changes are due to the decreased efficiency of the solar panels.

 

Brand 

 

Local brand? It is cheaper to purchase the solar panels from the local brands. They offer reduced prices due to low-quality production and less durability.

 

Compare the prices to the global brands like Tata Solar Power or Adani Solar Power. They have higher prices due to high quality and premium consumer support.

 

Installation

 

You don’t only have to purchase solar panels but also install them for energy generation.

The installation costs are in addition to the solar panel costs. However, the installation costs range from ₹5,000 and ₹20,000. The complex installation process can elevate the price.

 

Average Solar panel price in India 

 

If you are deploying a solar panel, the price can vary from one solar panel type to another. For example, polycrystalline Panels have a cost of ₹20–₹30 per watt. On the other hand, monocrystalline panels have a price of ₹25–₹35 per watt.

 

Bifacial Panels are the most expensive solar panels. They charge a price of ₹40–₹50 per watt. Thin-film panels offer the lowest efficiency and cheapest price. Their cost is ₹15–₹25 per watt.

 

Suppose you want to install a 1kW system in India. How much does it cost? It costs ₹20,000 to ₹35,000 without including installation prices and other components. Including the whole solar setup, you must have at least 50-150k INR.

 

Government subsidies and perks for solar panels

 

The rising trends of solar panel installation in India are due to perks from the government. Consumers get subsidies to encourage the installation.

 

Let’s do it!!

 

Residential Solar Subsidies

 

India’s Ministry of New and Renewable Energy has urged consumers to install solar systems by offering subsidies. Consumers get 40% subsidies when they deploy the solar system with a capacity of 3kW. 

 

The subsidies decrease to 20% when the capacity reaches up to 10kW. There are no subsidies if your solar system installation exceeds 10kW.

 

Net Metering 

 

Net metering gives better support for the excessive energy supply. Consumers can exchange the excess energy with the price and utilize it whenever needed.

 

Tax Benefits 

 

The Indian Government is urging businesses to start their solar systems with reduced taxes.

 

Tips for selection of the right solar panel

 

Don’t select a solar panel blindly. Keep your ears active and your eyes wide open. Dive into the market for premium solar panels. Here are a few tips to get the right solar panel system.

 

Energy needs

 

First of all, you have to measure the energy needs. Calculate the number of appliances you want to operate in your home or commercial sectors. Add their power and understand the overall power you might need.

 

Consider space availability 

 

Do you have a space on the roof? If the space is limited, go for compact solar panels, which could be expensive. You can select any solar panel type and generate energy for plenty of space.

 

Research Brands

 

There are many brands. Tata, Adani, and many top solar panel sellers have high prices. However, they are more reliable. If you have a high budget to invest, go for such brands. Otherwise, you can select the other brands.

 

Evaluate costs and benefits

 

Assess the overall costs of the solar panels meeting your energy needs. Then, verify the worth by assessing the benefits. If it is cost-effective, you can go for such solar panels.

 

Wniosek 

 

Since India’s solar industry is growing rapidly, the marketing of solar panels is also at the next level. There are more solar panel suppliers and installers who rapidly serve the consumers. For solar systems, you need premium-quality solar inverters and batteries.