Solar Panel Cost in India 2026:
Complete Price Guide
Get updated prices for 1kW–10kW solar systems, PM Surya Ghar subsidy details, top brands, ROI analysis, and everything you need to go solar in India this year.
(after subsidy)
(after subsidy)
Subsidy
Payback Period
Solar panel prices in India have dropped by over 40% since 2020. With PM Surya Ghar Muft Bijli Yojana offering up to ₹94,500 subsidy and rising electricity tariffs, 2026 is the best time to go solar. A typical 3kW system pays back in under 5 years.
Solar Panel Cost Overview in India 2026
The solar panel cost in India in 2026 ranges from ₹25,000 to ₹1,00,000 per kW depending on system size, panel type (monocrystalline vs polycrystalline), inverter quality, and installation complexity. With falling panel prices and generous government subsidies, solar power is now the most affordable electricity source for Indian homes and businesses.
India installed over 20 GW of rooftop solar in 2025–26 alone, driven by the PM Surya Ghar Muft Bijli Yojana scheme, which aims to solarise 1 crore Indian homes. This makes it the best time in history to invest in rooftop solar.
Solar Panel Price in India 2026 — System-wise
The table below shows the solar panel price in India 2026 before and after PM Surya Ghar government subsidy for residential users.
| System Size | Gross Price | Govt. Subsidy | Net Cost | Units/Month | Savings/Month |
|---|---|---|---|---|---|
| 1 kW | ₹75,000 – ₹90,000 | ₹30,000 | ₹45,000 – ₹60,000 | 100–120 units | ₹800–₹1,000 |
| 2 kW | ₹1,40,000 – ₹1,70,000 | ₹60,000 | ₹80,000 – ₹1,10,000 | 200–240 units | ₹1,600–₹2,000 |
| 3 kW | ₹2,00,000 – ₹2,30,000 | ₹78,000 | ₹1,22,000 – ₹1,52,000 | 300–360 units | ₹2,400–₹3,000 |
| 5 kW | ₹3,20,000 – ₹3,80,000 | ₹94,500 | ₹2,25,000 – ₹2,85,000 | 500–600 units | ₹4,000–₹5,000 |
| 10 kW | ₹6,00,000 – ₹7,00,000 | ₹94,500 | ₹5,05,000 – ₹6,05,000 | 1,000–1,200 units | ₹8,000–₹10,000 |
*Prices are indicative and may vary by state, installer, and brand. Subsidies applicable to residential on-grid systems.
PM Surya Ghar Subsidy 2026 — How to Claim
The PM Surya Ghar Muft Bijli Yojana is the Indian government's flagship solar subsidy scheme. Under this scheme, qualifying households receive direct benefit transfer (DBT) subsidies directly to their bank accounts after solar installation.
Subsidy Structure Under PM Surya Ghar 2026
| System Capacity | Central Subsidy | Additional State Subsidy* | Who Can Apply |
|---|---|---|---|
| Up to 1 kW | ₹30,000 | Up to ₹10,000 | All residential consumers |
| 1 kW – 2 kW | ₹60,000 | Up to ₹15,000 | All residential consumers |
| 2 kW – 3 kW | ₹78,000 | Up to ₹20,000 | All residential consumers |
| Above 3 kW | ₹94,500 | Up to ₹20,000 | All residential consumers |
Steps to Apply for Solar Subsidy Online
- Register on pmsuryaghar.gov.in using your Aadhaar and electricity consumer number.
- Get a DISCOM-approved installer to survey and quote for your rooftop system.
- Installation & Net Meter: After installation, apply for a net meter through your electricity board.
- Submit bank details on the portal after DISCOM approves your installation.
- Receive DBT Subsidy directly in your bank account within 30 days of approval.
Types of Solar Panels & Their Prices in India
Choosing the right panel type is crucial for maximising ROI on your solar investment in India's diverse climate zones.
✦ Monocrystalline (Mono PERC)
- Efficiency: 20–23%
- Best for limited roof space
- Price: ₹30–₹40 per watt
- 25-year performance warranty
- Ideal for hot climates
◈ Polycrystalline
- Efficiency: 15–18%
- Needs more roof area
- Price: ₹22–₹28 per watt
- 20-year performance warranty
- Budget-friendly option
For most Indian homes, Mono PERC bifacial panels offer the best value in 2026. Despite costing ~20% more than poly panels, their higher efficiency means fewer panels and lower installation cost — often saving ₹15,000–₹30,000 on a 3kW system.
Best Solar Panel Brands in India 2026
India's solar market is dominated by domestic manufacturers under the PLI scheme. These are the top-rated solar panel brands in India 2026 based on efficiency, warranty, after-sales service, and customer reviews.
Solar Panel ROI & Payback Period in India 2026
With electricity tariffs rising 7–10% annually in India, the return on investment (ROI) from solar panels is exceptional. Here's a detailed ROI analysis for a 3kW system in a metro city:
| Parameter | Details |
|---|---|
| System Size | 3 kW On-Grid Solar System |
| Total Cost (after subsidy) | ₹1,35,000 |
| Monthly Generation | ~330 units |
| Monthly Savings | ₹2,640 – ₹3,300 (@ ₹8–₹10/unit) |
| Annual Savings | ₹31,680 – ₹39,600 |
| Payback Period | 3.5 – 4.5 Years |
| 25-Year Savings | ₹8–₹12 Lakhs |
| Annual ROI | 18–22% |
Solar Panel Prices by State in India 2026
Solar installation costs vary by state due to differences in electricity tariffs, state subsidies, labour costs, and DISCOM policies. Here are approximate 3kW solar system costs (after central subsidy) in major Indian states:
| State | 3kW System Cost | State Subsidy | Payback Period |
|---|---|---|---|
| Maharashtra | ₹1,20,000–₹1,50,000 | ₹15,000 | 4–5 years |
| Gujarat | ₹1,15,000–₹1,45,000 | ₹20,000 | 3.5–4.5 years |
| Rajasthan | ₹1,10,000–₹1,40,000 | ₹20,000 | 3–4 years |
| Tamil Nadu | ₹1,25,000–₹1,55,000 | ₹10,000 | 4–5 years |
| Uttar Pradesh | ₹1,20,000–₹1,50,000 | ₹12,000 | 4–5 years |
| Karnataka | ₹1,30,000–₹1,60,000 | ₹10,000 | 4.5–5.5 years |
| Delhi | ₹1,15,000–₹1,40,000 | ₹2,000/kW | 3.5–4.5 years |
| Punjab | ₹1,20,000–₹1,50,000 | ₹15,000 | 4–5 years |
Frequently Asked Questions — Solar Panel Cost India 2026
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