{"id":15847,"date":"2023-11-23T07:14:15","date_gmt":"2023-11-23T07:14:15","guid":{"rendered":"https:\/\/www.servotech.in\/blog\/?p=15847"},"modified":"2023-11-23T08:51:54","modified_gmt":"2023-11-23T08:51:54","slug":"a-comprehensive-guide-to-solar-panel-price-in-india","status":"publish","type":"post","link":"https:\/\/www.servotech.in\/blog\/a-comprehensive-guide-to-solar-panel-price-in-india\/","title":{"rendered":"A Comprehensive Guide to Solar Panel Price in India"},"content":{"rendered":"\n

The Solar Energy Industry has gained remarkable momentum in India as the nation strives to transition towards cleaner and more sustainable sources of power. This transition reflects the nation’s combined efforts to embrace eco-friendly and sustainable power alternatives. The increasing momentum within this industry heralds a promising future, steering the nation towards a more sustainable and greener energy landscape. As solar technology continues to become more accessible, it is important to understand the pricing system of different types of solar panels. Explore this blog to understand solar panel price<\/strong>, including details about the leading solar panel manufacturers in India<\/a><\/strong>. This blog will tell you all that you need to know about the pricing so that you can make an informed decision for your sustainable energy choices. Let\u2019s get started.<\/p>\n\n\n\n

Average Cost of Solar Panel Installation for Home<\/strong><\/h2>\n\n\n\n

Usually, a solar system is installed in a home and it includes a PV Module, Mounting Structure, Solar Inverter<\/strong>, Solar Battery<\/strong>, Battery Rack, ACDB, and DCDB Wiring. Here is a list of prices for different solar systems to assist you in selecting the most suitable option based on your solar power needs.<\/p>\n\n\n\n

Solar System Size<\/strong><\/td>Estimated Price Rang<\/strong>e<\/strong><\/td><\/tr>
1 kW Solar System<\/td>\u20b965,000- \u20b975,000<\/td><\/tr>
2 kW Solar System<\/td>\u20b91,40,000- \u20b91,50,000<\/td><\/tr>
3 kW Solar System<\/td>\u00a0\u20b91,80,000- \u20b91,90,000<\/td><\/tr>
5 kW Solar System<\/td>\u20b92,50,000-\u20b92,70,000<\/td><\/tr>
7.5 kW Solar System<\/td>\u00a0\u20b93,70,000-\u20b93,90,000<\/td><\/tr>
10 kW Solar System<\/td>\u20b94,90,000-\u20b95,10,000<\/td><\/tr>
15 kW Solar System<\/td>\u20b97,00,000-\u20b97,50,000<\/td><\/tr>
20 kW Solar System<\/td>\u20b99,00,000-\u20b910,00,000<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Read also: Can Your House Run on a 5kW Solar System?<\/a><\/strong><\/p>\n\n\n\n

Key Factors that Influence Solar Panel Prices in India<\/strong><\/h2>\n\n\n\n

Here are some key factors that influence solar panel prices in India:<\/p>\n\n\n\n

i) Capacity and Size<\/h3>\n\n\n\n

The size and capacity of your solar system play an important role in determining its price. Larger solar systems with higher power output are usually more expensive. When deciding on the size of your solar installation, consider your energy consumption and the available space for the panels.<\/p>\n\n\n\n

ii) Government\u00a0 Incentives and\u00a0 Subsidies<\/h3>\n\n\n\n

The incentives and subsidies provided by the Indian Government can significantly reduce the cost of purchasing and installing solar panels<\/a><\/strong> cause they are provided to promote solar energy. Therefore, it is essential to take advantage of these schemes to make solar power more affordable.\u00a0<\/p>\n\n\n\n

iii) Location<\/h3>\n\n\n\n

The geographical location of your installation can influence the price of solar panels<\/strong>. Solar Irradiation, which measures the amount of sunlight received, varies across India.\u00a0 Areas that receive more sunlight are more beneficial for solar power generation, potentially reducing the number of panels and consequently, the cost.\u00a0<\/p>\n\n\n\n

iv) Additional Equipment and Components<\/h3>\n\n\n\n

Solar Panel Systems require additional components such as inverters, batteries, and mounting structures. These additional elements can add to the overall cost.\u00a0<\/p>\n\n\n\n

v) Brand<\/h3>\n\n\n\n

The brand type can also affect the price. If you purchase a solar panel from a reputed brand, the solar system will likely be more expensive than others.\u00a0<\/p>\n\n\n\n

vi) Tax Incentives<\/h3>\n\n\n\n

Taxes can be charged for installation in specific areas. This can increase the price of solar panels in India<\/a><\/strong>.\u00a0\u00a0<\/p>\n\n\n\n

vii) Cost of License<\/h3>\n\n\n\n

Different regions have different regulations for installing solar panels. While one area might require an average price for solar panel installation, the other might ask for more. Market Value \u2013 If there is a demand for a specific model in the market, the price of solar panels in India for that model might surge.<\/p>\n\n\n\n

The Expected Average Price of Monocrystalline, Polycrystalline and Bifacial Solar Panel (per watt)<\/strong><\/h2>\n\n\n\n

Servotech provides polycrystalline, monocrystalline, and bifacial solar panels in different power capacities. Here is a list of the average expected price per watt <\/strong>for the polycrystalline<\/strong>,<\/a> monocrystalline<\/a><\/strong>, and bifacial solar panels available-\u00a0<\/p>\n\n\n\n

The Expected Average price of Polycrystalline Solar Panels (per watt)<\/h3>\n\n\n\n