The cost of a solar panel price in India can vary significantly based on several factors, including the type of panel, brand, capacity, and market conditions. Here’s a detailed overview of the typical costs associated with solar panels in India:
Types of Solar Panels and Their Costs
- Monocrystalline Solar Panels:
Price Range: ₹25 – ₹40 per watt
Features: Higher efficiency, better performance in low-light conditions, longer lifespan, slightly more expensive compared to polycrystalline panels.
- Polycrystalline Solar Panels:
Price Range: ₹20 – ₹35 per watt
Features: Lower efficiency compared to monocrystalline panels, more affordable, widely used for residential and commercial installations.
3.Thin-Film Solar Panels:
Price Range: ₹20 – ₹30 per watt
Features: Lightweight, flexible, lower efficiency, often used for specific applications like building-integrated photovoltaics.
Average Costs Based on Capacity
1 kW System:
Monocrystalline ₹25,000 – ₹40,000
Polycrystalline: ₹20,000 – ₹35,000
Thin-Film: ₹20,000 – ₹30,000
5 kW System:
Monocrystalline: ₹1,25,000 – ₹2,00,000
Polycrystalline: ₹1,00,000 – ₹1,75,000
Thin-Film:₹1,00,000 – ₹1,50,000
10 kW System:
Monocrystalline: ₹2,50,000 – ₹4,00,000
Polycrystalline:₹2,00,000 – ₹3,50,000
Thin-Film:₹2,00,000 – ₹3,00,000
Factors Affecting Solar Panel Costs
- Brand and Quality:
– Premium brands like Tata Power Solar, Luminous, and Waaree might charge more but offer better quality, warranties, and customer service.
- Government Subsidies:
– Central and state government subsidies can significantly reduce the effective cost. Subsidies can cover up to 30-70% of the installation cost depending on the region and scheme.
- Installation Costs:
– Typically, installation costs range from ₹10,000 to ₹20,000 per kW. This includes the cost of mounting structures, wiring, and labor.
- Additional Components:
– Costs for inverters, batteries (for off-grid systems), and other components can add to the total expense. An inverter typically costs between ₹10,000 and ₹50,000 depending on capacity and brand.
- Maintenance Costs:
– While solar panels require minimal maintenance, occasional cleaning and servicing can incur additional costs.
Conclusion
The cost of solar panels in India ranges from ₹20 to ₹40 per watt depending on the type and brand. For a typical residential installation, you can expect to pay:
– ₹25,000 to ₹40,000 for a 1 kW monocrystalline system.
– ₹20,000 to ₹35,000 for a 1 kW polycrystalline system.
These costs can be further reduced by government subsidies and incentives. It’s important to consider the quality, warranty, and after-sales service while making a decision. Comparing multiple quotes from different suppliers can also help you get the best deal.