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.