In recent years, solar energy has gained a lot of popularity in India as a sustainable and cost-effective alternative to traditional energy sources. As rooftop solar is being installed on rooftops and building facades in developed countries, PV modules are becoming an integral part of consumers’ daily lives. With rising electricity costs and environmental concerns, more and more Indian homes and businesses are turning to solar energy. One of the most important factors in deciding to go solar is understanding the cost involved. This article provides a detailed overview of the solar panel price list in India, helping you make an informed decision.
All Solar Panel Price List
Investing in solar panels is a smart move for both your wallet and the environment. Understanding the solar panel price list in India is crucial to making the right choice. Whether you choose monocrystalline, polycrystalline or thin-film panels, switching to solar power is a step towards a sustainable and economically sound future.
Electricity Capacity (KW) |
Central Subsidy (Rs) |
State Subsidy (Rs) |
Total Subsidy (Rs) |
Expected Cost (Rs) |
Effective Customer Cost (Rs) |
1KW |
30000 |
15000 |
45000 |
60000 |
15000 |
2KW |
60000 |
30000 |
90000 |
130000 |
40000 |
3KW |
78000 |
30000 |
108000 |
180000 |
72000 |
4KW |
78000 |
30000 |
108000 |
240000 |
132000 |
5KW |
78000 |
30000 |
108000 |
300000 |
192000 |
6KW |
78000 |
30000 |
108000 |
360000 |
252000 |
7KW |
78000 |
30000 |
108000 |
420000 |
312000 |
8KW |
78000 |
30000 |
108000 |
480000 |
372000 |
9KW |
78000 |
30000 |
108000 |
540000 |
432000 |
10KW |
78000 |
30000 |
108000 |
600000 |
492000 |
Government Subsidies and Financing Options
The Indian government offers subsidies to reduce the cost of solar panel installation, especially for residential and small-scale commercial setups. The subsidy can cover up to 40% of the cost for small-scale systems. Additionally, various banks and financial institutions offer loans specifically for solar power installations, making it easier for individuals and businesses to switch to solar power.