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Solar Panel Price in India Benchmark
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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 HP
AC/DC/Surface/Submersible
2,36,500
2,60,500
7.5 HP
AC/DC/Surface/Submersible
3,52,500
3,87,750
10 HP
AC/DC/Surface/Submersible
4,45,000
4,45,000
Solar Lighting Systems (Rs. per System)
System
General Category States/ Uts
North Eastern States/Hill States & Uts/ Island Uts
Solar Study Lamp
395
437
Solar Street Lights (with Li batteries)
19,400
21,340
Standalone Solar Power Plants/Packs (Rs. per Wp)
Capacity
Battery Back-up(hrs)
General Category States / Uts
North Eastern States/Hill States & Uts/ Island Uts
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