photovoltaic panels cost

The Growing Buzz Around Solar Panels

With rising electricity bills and an urgent need for clean energy, solar power is no longer just an option—it’s a smart investment. Among the core components of any solar setup are photovoltaic panels cost, which convert sunlight into usable electricity. But one question stops many homeowners and businesses in their tracks: What’s the real photovoltaic panels cost in India?

Let’s dive deep into what influences photovoltaic panels cost, how you can estimate your solar project cost, and how much you can save.

What Are Photovoltaic Panels?

Photovoltaic panels cost, or solar panels, are made up of individual solar cells (often silicon-based) that absorb sunlight and convert it into electricity using the photovoltaic effect. These panels are installed on rooftops or ground-mounted to power homes, businesses, and industries.

What Factors Influence Photovoltaic panels cost?

🔹 Type of Panel (Mono PERC vs Polycrystalline vs Bifacial)

  • Monocrystalline (Mono PERC): Higher efficiency (up to 22%), but more expensive.
  • Polycrystalline: Lower cost but also slightly less efficient.
  • Bifacial Panels: Can capture sunlight from both sides, increasing output.

🔹 Panel Efficiency

Higher efficiency panels may cost more upfront but produce more power from less space—especially important if roof space is limited.

🔹 System Size

The bigger your energy demand, the larger the system—and the higher the cost.

System SizeApproximate Cost (2025)
1 kW₹60,000 – ₹80,000
3 kW₹1,50,000 – ₹2,40,000
5 kW₹2,50,000 – ₹3,80,000
10 kW₹4,50,000 – ₹6,80,000

(*Note: All costs mentioned above are estimates and can change with time.)

🔹 Installation Type

  • Ground-mounted systems are more expensive than rooftop systems.
  • Complex rooftops may require custom mounting, which adds cost.

🔹 Brand and Component Quality

Premium brands offer warranties of up to 25 years and better performance but at a higher cost.

Breakdown of Solar Panel System Cost

Here’s what you’re paying for when buying a solar setup:

  1. Solar Panels (PV Modules)
  2. Inverter (converts DC to AC)
  3. Mounting Structure (rooftop or ground)
  4. Wiring & Cabling
  5. Battery (for off-grid or hybrid systems)
  6. Installation & Labor Charges

Government Subsidies and Support (India – 2025)

PM Surya Ghar Muft Bijli Yojana

  • Up to ₹78,000 subsidy for residential rooftop solar (3 kW and above)
  • Application via National Solar Portal

Subsidies can cover up to 40% of total cost, significantly reducing your investment.

PV Panels Cost vs Long-Term Savings

A 5 kW rooftop system can reduce your power bill by ₹4,000–₹6,000/month, depending on usage and location. With minimal maintenance, the system pays for itself in 4–6 years and offers 25+ years of performance.

Installation Tips to Save Money

  • Choose quality over lowest price
  • Work with certified solar panel contractors
  • Check if the supplier offers Annual Maintenance Contracts (AMC)
  • Evaluate the space for optimal sunlight exposure
  • Compare quotes from at least three suppliers

FAQs

Q1. How long do photovoltaic panels last?

Most PV panels last 25 to 30 years, with only slight efficiency degradation over time.

Q2. Are PV panels worth it in cloudy weather?

Yes! While they perform best in direct sunlight, PV panels still generate power on cloudy days.

Q3. Can I install PV panels on my own?

DIY is possible but not recommended. Always use licensed solar contractors for safety and warranty compliance.

Q4. How do I know how many panels I need?

Calculate your monthly electricity usage. A 1 kW system generates about 4 units/day. Multiply accordingly.

Q5. Do PV panels work during load-shedding?

Only hybrid or off-grid systems with batteries offer backup power during outages.

Final Thoughts

Whether you’re powering a home, business, or industrial unit, photovoltaic panels cost are a wise investment in 2025. As technology advances and prices drop, solar energy is now more accessible, efficient, and profitable than ever before.

So if you’re still asking, “Is solar right for me?” — the answer is YES. Just remember to choose the right panel type, verify the total system cost, and make use of available subsidies.