How Much Will Solar Panels Cost for Your Home in India

Published April 3, 2024

Harnessing the power of the sun is becoming an increasingly attractive option for homeowners in India. Solar panels offer a clean, sustainable way to generate electricity, potentially leading to significant savings on your monthly bills. But before you jump on the solar bandwagon, it's crucial to understand the upfront costs involved.This article delves into the factors influencing solar panel prices in India and provides a roadmap to estimate the cost for your specific needs.

Factors Affecting Solar Panel System Costs

The price of a solar panel system for your home in India is not a one-size-fits-all figure. Several factors come into play, influencing the final cost:

System Size (kW):

This refers to the total power generation capacity of your system. A larger system (in kW) will generate more electricity but will also cost more.

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How does the size of the solar panel system affect the cost? | by Brenda Rose | MediumThe size of the solar panel cost for a 2500 sq ft house system has a substantial impact on the overall cost, as it dictates the amount of energy the system can . Your average daily electricity consumption and desired level of energy independence will determine the optimal system size.

Panel Type: There are three main types of solar panels available:

Monocrystalline: Most efficient, but also the most expensive (Rs. 43 - 63 per watt).

Polycrystalline: Less efficient but more affordable (Rs. 38 - 50 per watt).

Thin-film: Least efficient but lightest and most flexible (Rs. 32 - 42 per watt).

Brand and Efficiency: Different brands offer varying levels of efficiency and warranties. Higher efficiency panels (typically monocrystalline) will generate more electricity per square metre of roof space but come at a premium.

Government Subsidies:

The Indian government offers subsidies to promote solar power adoption. These subsidies can significantly reduce the upfront cost of your system. Check with your state nodal agency for the latest subsidy schemes.

Balance of System (BoS) Costs: This includes all the additional equipment needed for your system to function, such as inverters, mounting structures, cables, and monitoring systems. The cost of BoS components can vary depending on quality and brand.

Installation Labour:The cost of installation will depend on the complexity of your roof, the experience of the installer, and your location.Estimating Solar Panel System Costs in IndiaHere's a breakdown to roughly estimate the cost of a solar panel system for your home:

Calculate Your Daily Electricity Consumption: Look at your past electricity bills to determine your average daily consumption in kWh (kilowatt-hours).

Choose Your Desired Level of Energy Independence: Do you want to completely offset your electricity needs or just a portion? Aiming for 100% solar coverage will require a larger system.

Let's say your daily electricity consumption is 5 kWh, and you want to offset 70% of your needs. A 5 x 0.7 = 3.5 kW system might be suitable.Assuming a monocrystalline panel price of Rs. 50 per watt, the panels themselves would cost 3.5 kW x Rs. 50/watt = Rs. 1,75,000.Adding a 40% BoS cost, the estimated BoS cost would be Rs. 70,000.Total estimated pre-subsidy cost: Rs. 1,75,000 + Rs. 70,000 = Rs. 2,45,000.Government subsidies can significantly reduce this cost. Let's say the subsidy in your state is 30%. The final cost after subsidy would be Rs. 2,45,000 x (1 - 0.3) = Rs. 1,71,5000 Remember, this is just an example. The actual cost for your home will depend on the factors mentioned earlier.


Solar panel prices have proven to be a powerful and sustainable source of energy that is not only environmentally friendly but also economically beneficial. By harnessing the power of the sun, we can reduce our reliance on fossil fuels and move towards a cleaner, greener future. solar panels are a sustainable and efficient way to harness the power of the sun and generate clean energy. By investing in solar technology, we can reduce our reliance on fossil fuels and decrease our carbon footprint. With advancements in technology and decreasing costs, solar energy is becoming more accessible to homeowners and businesses alike. By shining a light on solar panels, we can pave the way towards a brighter and more sustainable future for generations to come.

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