“How much do solar panels costs?” we are sure that you must have thought of this question, and you have searched for the answer. Some of us must have got and some could not. In this article we will give the answer to this question to those who are unable to find an accurate answer and for those who are waiting for an update on the price. We have even listed down the latest prices from around the country. Let us start with the details on solar panels and its essential components.
How much do solar panels cost in India?
As the demand for electricity keeps increasing every year in all the major to minor sectors in India, currently, India 70% electricity generation depends on traditional sources such as coal, petrol, diesel, crude oil, etc. which is not sustainable for any major developing country.
However, there is a target shift towards the renewable energy sources for the current 70% of electricity generation. The reason for this transition is to protect our environment for future and towards a sustainable growth. Solar energy from sunlight is a free and natural resource that we can harness to generate electricity through solar panels. In this blog, we'll explore the different types of solar panels available in India and their latest prices according to the solar market trends.
Let's get started!
Price of Solar Panels in India
Solar panels in India have different prices ranging from Rs. 1,000 to 25,000, depending on factors like wattage, technology, type, power generation, availability, brand, etc. Smaller solar panels generally cost more per watt compared to larger ones. For instance, a 10 W solar panel costs around Rs. 1,000 (approximately Rs. 100 per watt), while a 550 W solar panel costs between Rs. 20,000 to 25,000 (around Rs. 36.36 to Rs. 45.45 per watt). A point to remember is that these prices are for individual solar panels not for the combined solar panels (Solar System).
If you plan to install a 1 kW solar panel system, you will need to buy two 550 W solar panels. So, the total cost for solar panels alone would be around Rs. 40,000 to 50,000. However, it is important to note that the cost of solar panels is only half of the overall cost for a solar system. The other 50% of the cost includes additional components like the solar inverter, battery, and system balancing.
Based on the available rooftop space, you can choose between Mono Facial or Bifacial solar panels. Now you have a better idea of how much you are required to budget your solar panel purchase.
Given below are the prices of solar panels as per their watt and availability in top cities –
- Solar panel price: Rs. 1000 to 25,000
- 4 kw solar panel price: Rs. 1,60,000 to 2,00,000
- 3 kW solar panel price: 1,20,000 to 1,50,000
- Solar panel price in Jammu: Rs. 40,000 to 50,000/kW
- Solar panel price in Mumbai: Rs. 40,000 to 50,000/kW
- Loom Solar panel 1kw price: Rs. 40,000 to 50,000/kW
- Solar panel price in Agra: Rs. 40,000 to 50,000/kW
- Solar panel price in Ahmedabad: Rs. 40,000 to 50,000/kW
Now let us understand more about the solar panels as per their watt / voltage and other important categories –
Category 1: Small Solar Panel
Solar panels have many uses. They can generate electricity when the sun is shining, which is about 10 hours a day for around 300 days in a year. Small solar panels, ranging from 10 W to 50 W, are perfect for home lighting, DIY projects, and portable solutions. You can buy a single small solar panel for Rs. 1,000 to 3,000 with home delivery available at Loom Solar. They also offer easy EMI options for purchase.
Category 2: 12 V Solar Panel
The second category of solar panels is in the range of 100W to 225W. These solar panels are used to charge inverter batteries, which operate at 12V. Depending on your battery capacity, you can calculate the wattage of solar panels needed. As a rule of thumb, you should have double the wattage of your battery capacity. So, if you have a 150Ah battery, you need at least 300W solar panels. The price for single solar panels in this category is Rs. 7,000 to 12,000.
Category 3: 24 V Solar Panel
The third category of solar panels ranges from 445W to 550W. These panels are used in various solar systems like on-grid, off-grid, hybrid, or direct solar systems. They find applications in residential, commercial, industrial, and agricultural sectors. There are two types available: Monofacial solar panels that generate electricity from the front side only, and Bifacial solar panels that generate electricity from both sides. The price for a single solar panel in this category is Rs. 20,000 to 25,000. If you want to install a 1kW solar panel system, you need to budget around Rs. 40,000 to 50,000, and it increases proportionally for higher capacities. Additionally, you are required to pay extra for the inverter battery, system balancing, and installation of the entire solar system.
We hope that the information that we have provided you has given you a rough idea to prepare your purchase of solar panels. To compare prices among different manufacturers, you can check local markets or online websites.