How Much Do Solar Panels Cost in 2024?

The cost of a 1kW solar panel is Rs. 33,000 to 40,000 and the per watt price of solar panel is Rs. 33 to 40 including GST & transportation. The solar panel price can vary on wattage, technology, quantity, and brand. The starting range of 24V solar panel in the Indian solar market starts from 330W to 575W. 330W solar panel in polycrystalline technology are available for government tenders whereas 450W to 575W solar panels in mono perc/TOPCon technology are available for the rooftop solar sector. These types of solar panels are used for residential, commercial, industrial, and agriculture sectors. A 24V solar panel is used in on-grid solar system, off-grid solar system, hybrid solar system, and direct solar system.

Another category of solar panel is 12V solar panel which starts from 10W to 225W. The cost of a single 12V solar panel is Rs. 1050 to 11,225 and per watt price is Rs. 105 to 50 including GST and transportation. This type of solar panel is used in off-grid solar systems, home lighting systems, DIY projects, customized solar solutions, and more.  

Cost of Solar Panels by State

The price of solar panel across India is almost equal but the installation cost of solar panels are different state-by-state. Every state of India has different rooftop spaces for solar panel installation. Some places have a plain rooftop area, and some places have an inclined rooftop area. The cost of rooftop solar installation in South India is high due to product technology, installation quality, and better service. The cost of solar panels can vary on market demand. Generally, the price of solar panels for the on-grid market is less than the off-grid and hybrid market. We have given a price list of solar panels cost state–by–state below:

Cost of Solar Panels by Type

An increasing demand for solar PV modules is increasing in the global solar market. Every year solar panel manufacturers are making the highest wattages of solar panels. The demand for less wattage or old technology solar panels is decreasing because consumers are choosing maximum wattage of solar panels due to limitation of rooftop area, no. of sunny days, return on investment, and more. According to our knowledge centre, below are the main types of solar panels that consumers may consider:

1. Polycrystalline solar panel: A polycrystalline solar panel is an old technology of solar panel that has less efficiency as compared to Mono PERC & TOPCon solar panels. 10W, 20W & 40W solar panels come in polycrystalline technology.

2. Mono PERC Solar Panel: Another technology of solar panel is the Monocrystalline or Monocrystalline passivation emitter rear contact cell solar panel. The main difference between Polycrystalline and Mono PERC is their efficiency.

3. TOPCon Solar Panel: The latest technology of solar panel is TOPCon solar panel which has the maximum efficiency that comes in Bifacial solar panel.

Average Cost of Solar Panel by System Size

When we plan to install solar panels then we think about installation area. A size of small category of solar panel is 0.83 ft x 1.14 ft and weight is 1 kg, a size of medium range of solar panel is 5.23 ft x 2.31 ft and weight is 12.5 kg. and a size of big solar panel is 7.30 ft x 3.63 ft. and weight is 32.5 kg.