What is the price of mini solar panel in India?
The price of standard & highest wattage of best solar panels in India in 2022 ranges from Rs. 21 to Rs. 28 per watt – excluding taxes and the 1kW solar panel price 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 Solar 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 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.
