How much does a Solar PV system cost?

The MNRE has issued the benchmark cost (without adding subsidy) as follows.

Sr No Capacity Benchmark Cost (Rs/kWp)
1 Above 1 kW and up to 10 kW  Rs. 54,000
2 Above 10 kW and up to 100 kW  Rs. 48,000
3 Above 100 kW and up to 500 kW  Rs. 45,000

Please note that this cost is inclusive of solar modules, inverter and material for civil structure, AND transportation, installation, cabling, civil works, and operation & maintenance (O&M).In the case of CAPEX business model, the O&M cost up to 5 years is included. However, in the RESCO model, the vendor shall provide O&M for 25 years of panel life. Regardless of the model, a standard warranty of 5 years is also provided for the system.

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