Solar Panel Price in India!
Electricity price is increasing rapidly with each passing year but people in India still rely on electricity from the respective electricity board. Because of power cuts, people are moving towards DG sets but the problem with DG sets is they are costly, their maintenance is heavy with the ever increasing price of diesel. People are looking for a more alternative way of generating electricity which will be more cheaper with less maintenance.
The solution to all these problems is the Solar Power System which is free and abundant. Ministry of New and Renewable Energy (MNRE), Government of India is also promoting solar PV systems under various schemes in the country. They also provide a subsidy to people buying solar panels under this scheme. There are a lot of people keen to buy solar panels in India, So let us show you solar panel price in India.
There are two types of Solar PV Cells: Monocrystalline and Polycrystalline.
The difference between the two is that Monocrystalline is made of single silicon crystal whereas Multi-crystalline PV is made up of multiple crystals. A monocrystalline is more efficient in converting solar energy into electricity per sq meter area than a multi-crystalline PV. Thus the space required for the same amount of wattage is less in monocrystalline PV panel. Thus it is costlier than a Multi-crystalline PV. The modules available in India are mostly “Polycrystalline”.
Typical efficiency of panels available in India is between 13-19%. Please note that lower the efficiency, more panels you would need to get the same amount of electricity and it will occupy more rooftop area.
The price which I am going to show is based on the e-commerce website selling solar PV panel and the wholesale price. The price comes somewhere between Rs 30- Rs 50 per watt depending on the quantity you are buying. The panel having more per panel capacity(wp) are cheaper and more efficient compared to the panel having lower capacity(wp) per panel.
There is not much difference in price between imported and Indian solar panels. But if you are looking for a subsidy, then the only option that you have is to go for Made in India panels
If you are living in an area where there are frequent power cuts, then you need to store the generated solar power into the batteries, so that it can be used in the evening and night if electricity connection is not there. The best solution for you would be to go for an Off-Grid Solar PV system. Off-Grid Solar PV system will include batteries, which are an expensive part of the system and these would need replacement every few years (4-7 years). A typical Off Grid Solar PV System would cost about Rs 1 lakh per kWp system. The system will include solar Panels + Inverter + Batteries(Depending upon your load and the “hours” of backup you want in the night)
If you are living in an area where power cuts are less frequent and you want to implement solar PV system to reduce your electricity bills then the best solution would be to go for a Grid Connected solar power system( typically known as On-Grid). It will cost you anywhere between 50,000-70,000 per kWp (cost varies based on the type of inverter and panels you choose).
On-Grid power systems are less costly compared to off-Grid but at night time you will not have electricity from solar and you have to use power from your electricity board(if electricity board power is also not available then no electricity will be there for support). But the benefit in on-Grid is that if you are generating more than what you are consuming then you can reduce the electricity bill and even you can earn money by sending excess generated electricity to the electricity board.
Solar panel price(Tabular):
Solar Panel Price(Graphical):
Best Solar panel Brands in India
Let us take a small example to calculate the cost of solar panels:
- Load: Suppose you have a total load of 1000 wp (1kWatt)
- Suppose you take 250wp panel. So from calculation no. 250wp panels required for making 1000wp is: 4
- Price of each wp: For example Rs42
- The total cost of the panel will be: (42*1000)=Rs 42000
So in Approx Rs 35000 to 42000, you will get the 1000wp solar panel in India. The exact price depends on the vendor from which you are purchasing.