Solar Price Per Watt In India 2023

In India, the solar price per watt refers to the cost of solar power systems in rupees (INR) per watt of installed capacity. This measure indicates the average cost of solar installations and assists people and organisations in determining the financial viability of using solar energy. In this part, we will look at the elements that influence solar price per watt in India and provide an overview of current pricing trends.

Factors Influencing Solar Price per Watt

Several factors contribute to the solar price per watt in India. These include:

1. System Size: The size of the solar power system, measured in kilowatts (kW) or megawatts (MW), significantly impacts the price per watt. Larger systems often benefit from economies of scale, resulting in lower per watt costs than smaller installations.

2. Components and Technology: The choice of solar panels, inverters, mounting structures, and other components influences the overall system cost. Technological advancements, such as higher efficiency panels or advanced inverters, may lead to higher upfront costs but can enhance the overall performance and energy output.

3. Installation Complexity: The complexity of the installation, including factors such as roof condition, system design, and wiring requirements, can affect the installation cost per watt. Challenging installations may require additional labor or equipment, potentially increasing the price.

4. Government Incentives and Subsidies: Government incentives and subsidies can significantly impact the solar price per watt in India. Incentives such as tax credits, capital subsidies, or net metering policies can reduce the upfront costs and improve the financial viability of solar installations.

5. Market Competition and Supply Chain: The level of competition among solar installers and manufacturers, as well as the efficiency of the supply chain, can affect the price per watt. Increased competition and a well-established supply chain can lead to more competitive pricing.

Current Solar Price per Watt in India

The solar price per watt in India varies depending on some parameters, including the ones described above. According to market trends, India's typical solar price per watt ranges between INR 30 and INR 50 per watt for residential installations. Because of economies of scale and bigger project sizes, commercial and utility-scale installations often have lower cost per watt.

It is important to note that the solar price per watt is subject to change over time due to evolving market conditions, technological advancements, and policy changes. Additionally, prices may vary across different regions within India based on factors such as local market dynamics, installation requirements, and availability of resources.

Off-Grid Solar Price Per Watt

A comprehensive off-grid solar system includes solar panels, an off-grid solar inverter, solar batteries, and various solar accessories. This way, you won't have to buy solar components separately. This system was created primarily to supply backup power during a blackout.

You may now buy MNRE-approved entire off grid solar systems with warranties delivered to your door from respected solar brands. The price list below is for Luminous, Havells, Sukam, and other comparable brand solar systems, and it ensures that you get the greatest quality off-grid solar system at the best price.

On-Grid Solar Price Per Watt

Solar panels an on-grid solar inverter, ACDB & DCDB boxes, and various solar accessories are all part of an on-grid solar system. These solar systems are designed to lower your high electricity bills through net-metering by connecting to the government grid.

Purchase an MNRE-approved complete on-grid solar system (without a solar battery or grid connection) from reliable solar brands at India's lowest solar pricing per watt. You won't have to worry about after-sales support if you purchase an entire on-grid solar system rather than solar components. A single company warrants all solar parts

.Hybrid Solar Price Per Watt

On-grid and off-grid solar systems are combined in hybrid solar systems. There are solar batteries that can supply backup power while also connecting to the federal grid.

Luminous solar, UTL Solar, and other reputable solar brands have very low hybrid solar prices per watt. You will receive MNRE-approved solar components like as solar panels, hybrid solar inverters, ACDB & DCDB boxes, and other solar accessories if you order a hybrid solar power system (grid connected+battery backup) from one of these respected solar brands.