Solar devices prices in India

1. Solar Panel Price in India
Bijli Bachao Team May 3, 2015
Electricity is becoming expensive with each passing day and more people are getting
interested in using solar energy to meet their electricity needs. Power cuts and
dependence on DG sets is making people look for more and better sources. Solar PV
panels provide a very good alternative. Ministry of New and Renewable Energy
(MNRE), Government of India is also promoting solar PV systems under the Jawaharlal
Nehru National Solar Mission in the country. They also provide subsidy to people buying
solar panels under this scheme. There are a lot of people keen in buying solar panels in
India so we thought of doing a research on price of solar panels. Below is our research
on price of solar panels:
As per our resources from the solar PV industry, cost of a PV module (just the panel)
costs anywhere between Rs 30 to Rs 60 per watt of power generated (depending on the
quantity you are buying). A good imported module will cost around Rs 40-45 per watt
(for bulk transactions, not for retail). Good ones manufactured in India would come as

2. low as Rs 30-32 per watt (for bulk transactions, not for retail). Please note that this is
the cost for the panel and in case you are looking for inverter and batteries, the cost
would be additional. A good 5 kW system for a home would cost around Rs 5-7 lakhs to
setup (at retail price of around Rs 50-60 per Wp) , which can provide electricity for 25
years. The additional operating cost will include the cost of replacing the batteries.
MNRE provides 30% capital subsidy on capital expenditures for rooftop solar systems
for both commercial and residential entities for systems up to 100 kW. The government
also provides loans at 5% per annum for 50% of the capital expenditure for 5 years
tenure for both commercial and residential entities. Commercial entities can claim either
capital or interest subsidies. (note: As on October 2014, we have heard from several
vendors that subsidy is hard to get, as either the applications are not being processed
or taking quite a lot of time to get processed. Please check with your vendor if they will
be able to get you subsidy or not.).
MNRE has also published a list of authorized suppliers and manufacturers that is
available at the links: http://bit.ly/1nEVoJh and http://bit.ly/1qyMv8D
We have also started doing some research on the prices of Solar PV Panels from
various manufacturers in the country and here are some numbers from a good indian
manufacturer (for bulk transaction) and some retail vendors/suppliers (for retail/small
transactions):
Bulk Prices (click to expand)
Products Inputs / Watt Price / INR
Special SPV Mono 180W / 190W Rs. 34/W
Special SPV Multi 230W,240W, 245W, 280W,290W Rs. 32/W
SPV Mono 10W Rs. 53/W
SPV Mono 20W – 30W Rs. 43/W
SPV Mono 30W – 300W Rs. 41/W

3. SPV Multi 10W Rs. 50/W
SPV Multi 20W – 30W Rs. 40/W
SPV Multi 30W – 300W Rs. 38/W
Thin Film Multi SPV 100W Rs. 32/W
Retail Prices (click to expand)
Products Inputs / Watt Price / INR
SPV Polycrystaline Module 3W Rs. 89/W
SPV Polycrystaline Module 5W Rs. 85/W
SPV Polycrystaline Module 10W to 15W Rs. 65/W
SPV Polycrystaline Modules 18W to 40W Rs. 61/W
SPV Polycrystaline Modules 50W to 75W Rs. 59/W
SPV Polycrystaline Modules 100W to 200W Rs. 57/W
SPV Polycrystaline Modules 220W to 300W Rs. 52/W
Please note that Mono is for Monocrystaline PV cell and Multi is for Multicrystaline (or
Polycrystaline) PV cell. The difference between the two is that Monocrystaline is made
of single silicon crystal whereas Multicrystaline PV is made up of multiple crystals. A
monocrystaline is more efficient in converting solar energy into electricity per sq meter
area than a multicrystaline PV. Thus the space required for the same amount of wattage
is less in monocrystaline PV panel. Thus it is costlier than a Multicrystaline PV. The
choice between the two depends on the area that you have for PV installation. Also the
price increases as you decrease the panel wattage. So smaller the panel you buy,
costlier it is.

4. More details on Solar PV roof top systems are also available on our link: Roof-Top Solar
PV system project for home and office
Understand more about basics of Solar PV systems on our link: Solar electric, solar
thermal, power generation, inverters, grid, off-grid: clearing the cobweb
Understand more about how to get NABARD subsidy on Solar PV Systems: Procedure
to get subsidy on Solar PV Systems through NABARD in India