Solar panel installation cost in India is a little expensive than traditional electricity when you install it for the first time. But the price is worth it, as the solar panels provide unstoppable service for 25 to 30 years or more, saving your monthly electricity bills for the longest period, and helping you contribute to a greener Earth. However, the price of solar panel installation in India is not the same in every state. It depends on so many factors. If you are planning to install a solar panel in your residential or commercial sector, this blog might help you. You can get a complete guide about the average cost of solar panel installation in India and learn about the major factors that influence the cost.
Average Price of Solar Panel Installation in India
Buying solar panels for the first time? Then check out the price chart below if you don’t want to pay extra and get cheated by any solar company. Here we have mentioned the correct average cost of solar panel installation in India.
Solar Panel Capacity | Average Cost |
1 kw Solar Panel | Rs. 75,000- Rs. 85,000 |
2 kw Solar Panel | Rs. 150000 – Rs. 160000 |
3 kw Solar Panel | Rs. 200000- Rs. 215000 |
4 kw Solar Panel | Rs. 260000- Rs. 280000 |
5 kw Solar Panel | Rs. 315000- Rs. 357000 |
10 kw Solar Panel | Rs. 500000- Rs. 600000 |
To make solar systems affordable for everyone in this country, the Indian Government has recently launched a new scheme named PM Surya Ghar Muft Bijli Yojana. In this scheme, Indians can apply subsidy for residential solar panels only and get the solar panels at lower and budget-friendly rates. Check out the chart below to know how much subsidy is applicable on different solar panel capacities.
Solar Panel Capacity | Subsidy | Cost After Subsidy |
1 kw Solar Panel | Rs. 30,000 | Rs. 45,000-Rs. 55,000 |
2 kw Solar Panel | Rs. 60,000 | Rs. 90,000- Rs. 1,00,000 |
Above 3 kw Solar Panel | Rs. 78,000 | Rs. 122000- Rs. 137000 |
Crucial Factors that Affect Solar Panel Installation Cost in India
Having knowledge of all the major factors that influence the cost of solar panel installation can help you calculate the exact cost easily of the particular solar panel that you chose to install. Here are all those major factors on which the solar panel installation price mainly depends.
1. Size and Capacity of the Panel
The main factor on which the solar system installation cost in India depends very much is the size and capacity of the system. While a smaller and low-capacity solar panel is quite affordable, a larger solar panel which has a huge capacity for producing energy is more expensive.
2. Type of Sector Where It Will Be Installed
There are different types of solar panels available for various sectors. The residential solar panels are budget-friendly as they are used for only a limited time in some limited areas. But the industrial and commercial solar panels are used continuously for a longer period and in a larger area, that’s why these solar panels have higher capacity, making them too much costly.
3. Location
A location where you will install the solar panels also plays a major role in influencing the solar panel costs. If you are installing the solar systems in an area where is enough sunlight, obviously you need only a very few solar panels for that location, which will reduce the overall installation cost. Areas where there is a huge lack of sunlight need a large number of solar panels to be installed for enough production of energy. And the more solar panels you need for the location, the total cost will also increase.
On the other hand, if your location is easily accessible from the solar panel installation service provider you have selected, and no transportation is needed to reach your location, that company will charge a lower cost for installing solar panels. While installing solar panels in remote areas is costly due to accessibility challenges and high transportation fees.
4. Type of Solar Panel Systems
On-grid solar panel systems are cheaper as these panels only depend on grids and don’t have a battery for electricity storage. On the other hand, off-grid solar systems are costly as they have high-power solar batteries which store electricity produced by solar panels, which you may use in cloudy weather.
5. Brand of Solar Panel
Like other products, there are several brands available in the market that are selling different types of solar panels. Different brands offer solar panels with different qualities and different features, affecting solar panel prices in India.
6. Roof or Site Type
If your roof or any other site that you chose for solar panel installation is not suitable for installation, the entire installation process will be a bit more complex for the solar panel installation team. This will also give rise to installation costs.
7. Additional Equipment
The more additional equipment like a battery, inverter, shade for protection from bad weather, safety tools and more you will add to your solar panels, the overall cost will increase more.
8. Government Incentives
Indian government incentives like subsidy also influences the solar panel installation cost in India a lot. The subsidy is different for each solar panel size and capacity, making the overall price different for every solar panel.
Final Words
You can get budget-friendly solar panel installation services in Surat, India, from Photonova Solar. We are a trusted solar panel installation company in Surat, offering solar panels at the correct and reasonable market price only. From residential to commercial and industrial solar systems, we have everything at affordable pricing. And the lower pricing does not affect the quality of our solar panels at all and we provide long-lasting solar panels only. Discuss your personal needs with our team to get an accurate quote for your customized solar panel.