Solar Panel Price in India Benchmark
The Ministry of New & Renewable Energy (MNRE) is the governing body in India. Renewables are taking hype in India & the same goes with solar power. Solar Power requires solar panels & this attracts companies. The opportunity of being a part of the booming industry, but in the same while consumers also play a vital role. To protect the consumers from the monopoly of any solar company MNRE set the benchmark costs for all types of solar power systems. MNRE also set down the benchmark for solar panels in India. Benchmark Costs for the year 2020-21:- Standalone Solar Pumps (Rs. per Pump) Pump Capacity Pump Type General Category States / UTs North Eastern States/Hill States & Uts/ Island Uts 0.5 HP AC/DC Surface 53,000 58,300 AC/DC Submersible 68,000 74,800 1 HP AC/DC Surface 92,400 1,01,700 AC/DC Submersible 1,03,700 1,14,100 2 HP AC/DC Surface 1,22,200 1,34,600 AC/DC Submersible 1,31,400 1,44,600 3 HP AC/DC Surface 1,63,200 1,79,700 AC/DC Submersible 1,68,300 1,85,400 5 H