Articles
SOLAR PANEL
by Loom Solar India's premium Solar Brand StoreWhat is the price of best solar panel in India?
The price of standard & highest wattage of solar panels
price in India in 2022 ranges from Rs. 21 to Rs. 28 per watt - excluding taxes
and the price of 1kW solar panel is Rs. 21,000 to Rs. 28,000 + GST.
Polycrystalline (335W) = Rs. 23,000 to Rs. 25,000 + GST
Mono Perc (390W) = Rs. 36,000 to Rs. 40,000 + GST
Multi Busbar (540W) = Rs. 35,000 to Rs. 40,000
For Grid Connected best Solar panel System there is a
benchmark cost that MNRE has listed capacity wise which is:
Capacity MNRE Benchmark Cost
1kW
51.1
Above 1 kW to 2 kW 46.98
Above 3 kW to 10 kW 44.64
Above 10 kW to 100 kW 41.64
Above 100 kW to 500 kW 39.08
The above costs may see incremental cost hike as the Govt
has decided to raise the import duty to 40% which shall substantially push the
overall cost of ownership per kW of installation for solar panels. This shall help in pushing and promoting
local manufacturing under Make in India framework that Indian Government has
been pushing.
The rooftop solar panel for home installation and commercial
establishments may see a surge owing to the indicator toward price hike for
overall solar system, however, Indian manufacturers may see their business
growth under this duty regime.
While solar cells which seem to be an important component
and are largely imported may find many Indian manufacturers under capacity
scenario as the demand for residential solar installations, institutional solar
installations and commercial solar installations may see rise with Govt policy
to have solar installations basis the size of dwelling.
It is recommended to take action and adopt solar before the
price rise.
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About Loom Solar 
India's premium Solar Brand Store
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Created on Jan 13th 2022 03:54. Viewed 135 times.
