Updated on: 5/8/2016
None can deny the benefits of using solar over the traditional electricity, given the high power costs in a country like India. Despite that, the Indian citizens are accustomed to sitting in darkness because of enormous power outs. The remotest part of rural India still does not have access to electricity. Given the above scenario, lots and lots of people are moving towards solar energy as a source of their energy requirements.
Solar panel installation either through rooftop or ground mounted structures are a way one can energize their commercial, industrial or residential properties to generate power. Many big industries and power houses sell the extra power after their captive consumption to the grid, for utilization by the community at large (Grid connected). India is a developing economy and needs to resort to cleaner, greener and also cost effective ways to move forward. The new government looks promising and also believes in the prospects of Renewable and Solar energy. We hope the country sees a revolution in this segment as well in the near future, as we now approach towards a more Developed India.
Solar cell and Panel Cost in India
In India, one can buy either locally manufactured modules or internationally imported ones from the international companies. Some of the good quality imported solar panels are from Trina Solar (TSL), Yingli Green Energy (YGE), Renesola (SOL) and Canadian Solar (CSIQ). They will cost around 40 cents per watt ie. Rs 27 per watt (wholesale prices). Globally the prices have slashed to 45 cents per watt. These costs are for multicrystalline modules as they are more prevalent in India. Monocrystalline solar panels are expensive than multicrystalline modules and are generally used for rooftop installation, which is not very popular in India. Though several programs have been initiated to create awareness about the benefits of rooftop solar in India, the country still is waiting to witness a boom. India has a target to achieve 40 GW of rooftop solar installations by 2022.
The locally manufactured solar panels will cost approximately 5% more than the prices of the international ones, otherwise their sales would be adversely affected. Consumers would always prefer the Chinese ones over India’s local manufactured panels in case the prices for Indian panels are very high.
Read some Indian manufactured Solar panel reviews and prices:
Solar cells cost around 25 cents per watt when imported from outside India. Note India has minimal solar cell manufacturing capacity of its own.
In addition the Government also provides certain subsidies and loans for commercial and residential set-ups, but these are difficult to get in India since applications take a long time for being processed.
Please also share your personal experience and inputs in buying solar cells/ panels in India.