Photovoltaic Panels Price in India: A Comprehensive Guide

Solar energy has become a cornerstone of India’s renewable energy drive, and photovoltaic (PV) panels play a critical role in this transformation. As more people embrace green energy, understanding photovoltaic panels—their price, benefits, and challenges—has become essential for making informed decisions. This blog will explore PV panel price trends, the pros and cons of photovoltaic panels, and how subsidies influence solar panel prices in India.

PV Panel Price Trends

The cost of photovoltaic panels in India has decreased significantly over the past decade. Currently, the PV panel price varies depending on the brand, efficiency, and type of solar panels. Monocrystalline panels, known for their high efficiency, are priced higher than polycrystalline panels. As of 2025, the price of solar panels in India ranges from ₹25 to ₹50 per watt, making solar energy more affordable for households and businesses.

For instance, a 1kW solar system, ideal for small homes, costs between ₹25,000 and ₹50,000. Larger systems like a 5kW setup for commercial use may range between ₹1,25,000 and ₹2,50,000, depending on the quality and brand.

Photovoltaic Panels Pros and Cons

Pros of Photovoltaic Panels:

• Environmentally Friendly: PV panels generate electricity without emitting greenhouse gases, reducing carbon footprints.
• Cost Savings: Solar energy reduces dependency on grid electricity, leading to long-term savings.
• Low Maintenance: Once installed, PV panels require minimal maintenance and can last 25-30 years.
• Energy Independence: Homeowners and businesses can become energy-independent, especially in remote areas.
• Government Support: Subsidies and incentives lower initial investment costs, making solar energy accessible.

Cons of Photovoltaic Panels:

• High Upfront Cost: Despite subsidies, the initial installation cost may still deter some buyers.
• Weather Dependent: Solar panels’ efficiency is influenced by weather conditions, such as cloud cover or lack of sunlight.
• Space Requirement: For larger systems, significant roof or ground space is needed.
• Energy Storage Costs: Battery storage for excess energy adds to the total cost.

Solar Panel Price in India with Government Subsidy

The solar panel price in India government subsidy is a game-changer for individuals and businesses looking to switch to solar energy. Under the Rooftop Solar Scheme by the Ministry of New and Renewable Energy (MNRE), the Indian government provides subsidies ranging from 20% to 40% based on system capacity.

For systems up to 3 kW: A subsidy of 40% is provided.

For systems between 3 kW and 10 kW: A subsidy of 20% is applicable.

For residential systems above 10 kW: No subsidy is provided.

These subsidies significantly reduce the solar panel price in India, making solar energy an affordable and sustainable choice for households.

Final Thoughts

Switching to solar energy is no longer just an environmentally conscious decision but also a financially smart one. With the decreasing PV panel price, government subsidies, and growing awareness of the photovoltaic panels pros and cons, now is the best time to invest in solar energy. Whether you’re a homeowner looking to cut energy costs or a business aiming for sustainability, photovoltaic panels offer a reliable and cost-effective solution.

For more insights on solar products and installation services, visit SolarClue and join the renewable energy revolution today!