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Price of Solar Panel for Home: How Much Does It Cost in India?

Deltapower > Blog > Price of Solar Panel for Home: How Much Does It Cost in India?
price of solar panel for home

Are you considering installing solar power at your home but are uncertain about the expenses involved?

You’re not alone! More and more homeowners across India—especially in urban and semi-urban areas—are switching to solar power to save money and embrace clean energy. But before you jump in, it’s essential to understand the price of solar panel for home, what affects it, and what you get in return.

This blog serves as a comprehensive resource for comprehending solar panel pricing in India, encompassing subsidies, system sizes, potential savings, and strategies for securing the best deal.

Why Are More Indian Homes Going Solar?

India’s rising electricity costs, increasing focus on sustainability, and the government’s rooftop solar subsidy schemes have made solar power more appealing than ever. Plus, with a lifespan of up to 25 years, solar systems offer long-term value and energy independence.

What Affects the Price of Solar Panel for Home?

Several factors determine how much you’ll pay for a home solar system:

Panel Type: Monocrystalline vs Polycrystalline

  • Monocrystalline Panels: Higher efficiency (17-22%) and space-saving. However, they are slightly more expensive.
  • Polycrystalline Panels: More affordable but less efficient (15-17%). These panels are particularly suitable for larger rooftops.

System Size: 1 kW to 10 kW

  • A 1 kW system might power basic appliances.
  • A 3-5 kW system is ideal for most 2-3 BHK homes.
  • 10 kW systems suit large homes or villas with high power needs.

Roof Type and Mounting Structure

Flat roofs may require tilt frames, adding cost. Sloped roofs might need specialized mounting kits.

Battery Inclusion

  • On-grid systems: No battery, cheaper.
  • Off-grid or hybrid systems: Include batteries, higher initial cost, but backup power.

Location and State-Specific Factors

Labor costs, sunlight hours, and DISCOM rules vary by state, influencing overall system costs.

Solar Panel Cost Breakdown (Per kW)

Here’s a basic overview (prices are illustrative and vary):

  • 1 kW system: ₹60,000–₹75,000
  • 3 kW system: ₹150,000–₹225,000
  • 5 kW system: ₹250,000–₹350,000
  • 10 kW system: ₹480,000–₹650,000

This includes:

  • Solar panels
  • Solar inverter
  • Mounting structure
  • Cabling & accessories
  • Installation charges

Government Subsidies in 2025 (India)

PM Surya Ghar Muft Bijli Yojana

  • A subsidy of up to ₹78,000 is available for solar systems that are 3 kW and above.
  • Eligibility: Must be a residential property owner with a DISCOM-approved vendor.
  • Apply via the National Portal for Rooftop Solar.

Total Investment vs Savings

Let’s say you install a 3 kW system at ₹1.8 lakh (after subsidy):

  • Monthly savings: ₹2,000 to ₹3,000
  • Yearly savings: ₹24,000 to ₹36,000
  • Payback period: 4–5 years
  • Savings over 25 years: ₹6–8 lakh approx.

Tips for Getting the Best Price

  • Compare 2-3 local vendors
  • Ask for net-metering support
  • Check warranties on panels and inverters (25 years panel, 5–10 years inverters).
  • Choose efficient panels to reduce required rooftop space
  • Consider AMC (Annual Maintenance Contract)

People Also Ask (PAA)

  1. How much does a 1 kW solar panel cost in India?
    ₹60,000 to ₹75,000 on average, including installation.
  2. How many panels are needed for a 3 BHK home?
    Usually 3–5 kW, or about 6 to 10 panels depending on wattage.
  3. Can solar panels power an AC?
    Yes. A 1.5-ton AC can run on a 2.5–3 kW solar system during peak sunlight hours.
  4. Do solar panels work during monsoon or cloudy weather?
    Yes, but efficiency drops to 50–70% depending on sunlight availability.
  5. What is the lifespan of solar panels in India?
    Solar panels in India have a lifespan of 25-30 years and require minimal maintenance.
  6. Can I buy solar panels on EMI?
  7. Yes, many solar providers offer easy EMI or loan options through partnered banks or NBFCs.
  8. What’s the difference between on-grid and off-grid systems?
  9. On-grid systems are cheaper and connect to the electricity grid, while off-grid systems store energy in batteries for backup power.
  10. How do I calculate how much solar I need?
  11. Use your monthly electricity bill to estimate. For example, if you consume 300 units/month, you may need a 3 kW system.
  12. Do I need a solar inverter?
  13. Yes. Solar panels produce DC electricity, which must be converted to AC using an inverter for household appliances.

Are you in search of additional beneficial solar resources? Check out:

 

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