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How Much Do Solar Panels Cost in India (2025)
Summary: Solar panel prices in India are at an all-time low — ₹15/Wp for Indian panels with Chinese cells, and ₹26/Wp for fully Indian-made panels. With total system costs between ₹50–₹60/W, your cost of electricity drops to nearly ₹4/unit, far below ₹7–₹10/unit from the grid. Net metering and banking policies in many states make the proposition even more attractive.
Current Solar Panel Costs (2025)
| Panel Type | Cost (₹/Watt-peak) |
|---|---|
| Indian Panel + Chinese Cells | ₹15/Wp |
| Indian Panel + Indian Cells | ₹26/Wp |
Total Rooftop Solar System Cost in India (2025)
| System Size (kW DC) | Estimated Cost per Watt (₹) | Total System Cost (₹) |
|---|---|---|
| 3 kW | ₹60 | ₹1,80,000 |
| 4 kW | ₹58 | ₹2,32,000 |
| 5 kW | ₹56 | ₹2,80,000 |
| 6 kW | ₹54 | ₹3,24,000 |
| 8 kW | ₹50 | ₹4,00,000 |
What Does This Mean for Your Electricity Bill?
Installing solar panels brings down your cost of electricity to nearly ₹4 per unit, compared to ₹7–₹10 per unit from your local DISCOM — that’s up to 60% savings! Use the PathToGreenHomes.com calculator to estimate your savings.
Price Calculation Tips:
- Panel Price: ₹ per watt of panel × total system size in kW = panel cost
- Total System Cost: ₹ per watt of system × total system size = full turnkey cost
- Tip: Always negotiate on Price per Watt with your installer, not just total price
Net Metering & Banking Policy by State (Top 20 – 2025)
Think of net metering with banking like a savings account for your solar electricity. Say your rooftop solar system generates 1,000 extra units in winter when your home’s consumption is low. With a good banking policy, you can “store” those units and use them in the scorching summer months when your air conditioners drive up usage — that’s ideal. But ouch — if your state only allows monthly banking, like from December to January, you might lose those credits before the summer hits. That’s why annual banking is a game-changer: it maximizes your solar benefit across seasons.
| Rank | State | Net Metering | Banking | Settlement Rate | Remarks |
|---|---|---|---|---|---|
| 1 | Gujarat | ✅ Yes | Annual | ₹2.25–₹2.50/unit | High settlement price + full year rollover |
| 2 | Rajasthan | ✅ Yes | Annual | ₹2.00–₹2.50/unit | Strong banking + fair rates |
| 3 | Punjab | ✅ Yes | Annual | Pooled (₹2.5–₹3) | 1:1 till March; then pooled rate |
| 4 | Delhi | ✅ Yes | Annual | Year-end adjustment | Full flexibility |
| 5 | Uttar Pradesh | ✅ Yes | Annual | ₹2.00/unit | Full annual banking |
| 6 | Telangana | ✅ Yes | Annual | ~₹2–₹2.5 | Year-end settlement |
| 7 | Haryana | ✅ Yes | Annual | ~₹2–₹2.5 | Tariff-backed policy |
| 8 | Madhya Pradesh | ✅ Yes | Annual | APPC (~₹3) | Attractive APPC rate |
| 9 | Bihar | ✅ Yes | Annual | APPC (~₹2.5–₹3) | Decent flexibility |
| 10 | Chhattisgarh | ✅ Yes | Annual | Retail tariff (~₹3) | Good annual rollover |
| 11 | Goa | ✅ Yes | Annual | Feed-in (₹2–₹3) | Full-year banking |
| 12 | Andhra Pradesh | ✅ Yes | Annual | DISCOM avg (₹2–₹2.5) | Varies by utility |
| 13 | Odisha | ✅ Yes | Annual | Pooled (~₹2.5) | Stable policy |
| 14 | Jharkhand | ✅ Yes | Annual | APPC (~₹2.5) | Less uptake, good terms |
| 15 | Assam | ✅ Yes | Annual | APPC (~₹2.5) | Cap at sanctioned load |
| 16 | Maharashtra | ✅ Yes | Monthly | No annual payout | Limited flexibility |
| 17 | Karnataka | ✅ Yes | Monthly | Varies by DISCOM | Restricted rollover |
| 18 | Kerala | ✅ Yes | Monthly | Monthly only | Consumption cap |
| 19 | West Bengal | ✅ Yes | Monthly | None | No banking allowed |
| 20 | Tamil Nadu | ✅ Yes | Monthly | None | Excess lapses monthly |