Solar panel installation is a highly recommended investment in 2024. While the initial set-up cost may be a bit high, a well-designed solar system can provide a return on investment of over 30% and pay for itself within 3-4 years. It is important to select a reputable company that has established a strong brand reputation for producing high-quality solar panels.
We have compiled a list of the best solar companies in India that offer top-quality solar PV modules and excellent after-sale services. You’ll receive comprehensive information about their experience, market presence, and the range of products and services they offer.
Discover The Top 10 Solar Companies In India, 2024
Electricity is generated using photonic energy from solar panels. Solar cells are grouped together to form PV modules. The peak power output of these modules is typically measured in watts. The benefits of monocrystalline, polycrystalline, and PERC solar panels differ.
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Solar PV modules are used in a variety of applications, including large-scale utility systems, net metering, household off-grid systems, rooftop installations, rural electrification, solar EV charging stations, solar farms, HLS, Lantern, Pump, Street Light, Traffic Signal, and Water Heater. Indian solar has seen significant growth, thanks in part to the high-quality solar accessories provided by homemakers. Specifications of the top 10 solar panel company in india:
1. Tata Power Solar
Even though it has been more than 30 years, Tata Solar is still a significant player in the industry. Our business sells solar panels that can produce clean energy effectively and efficiently for a wide range of uses, such as in homes, businesses, and public buildings. Tata Power Solar has manufacturing lines for cells that can make up to 500MW of electricity, and manufacturing lines for modules that can make an amazing 635MW of electricity.
In addition, their production lines for modules can make 528MW of power. It also provides many green energy options for cities and rural areas, such as turnkey, EPC, and operation and maintenance options for different types of businesses. These include utility-scale projects, solar roofs, and solar pump systems. These options are made to help a lot of different kinds of businesses.
- Year of Incorporation: 1989
- Company Age: 34 years
- Headquarters: Mumbai
- Website: https://www.tatapowersolar.com
2. Adani Solar
Established in 2015, Adani Solar is a subsidiary of the Adani Group. The Adani Group is a conglomerate made up of a number of listed companies. Adani Solar, known for being the largest vertically integrated cell and module manufacturer in India, has achieved great recognition for its consistent success in the PV Module Reliability Scorecard. As part of their product portfolio, they provide high-efficiency mono PERC and bifacial photovoltaic modules.
- Year of Incorporation: 2015
- Company Age: 9 years
- Headquarters: Gujarat
- Website: https://www.adanisolar.com
3. Waaree Energies Ltd
Waaree Energies Ltd commenced operations in 1990. Originating from modest beginnings, it has embarked on an impressive voyage that has lasted for more than three decades, and it presently boasts an astonishing production capability of over 12 gigawatts (GW). A leading player in the solar energy industry, Waaree Energies is India’s top producer of solar panels. By means of their endeavors, they have successfully developed their presence in more than 380 locations throughout India and in twenty additional nations.
- Year of Incorporation: 1990
- Company Age: 33 years
- Headquarters: Mumbai
- Website: https://www.waaree.com
4. Vikram Solar
Vikram Solar was established in 2006. Vikram Solar is a renowned brand in the solar energy industry, with a substantial global presence spanning over 32 countries. They have demonstrated that they are a capable participant in the industry by virtue of their considerable expertise in the installation of 1.42 GW projects in India and their impressive yearly manufacturing capacity of 3.5 GW modules. The maker of solar panels is making concerted efforts to make a contribution to India’s ambitious aim of achieving 500 gigawatts of green energy by the year 2030. More than three hundred projects have been successfully commissioned by Vikram Solar in a variety of settings.
- Year of Incorporation: 2006
- Company Age: 18 years
- Headquarters: Kolkata
- Website: https://www.vikramsolar.com
5. Goldi Solar Private Limited
Goldi Solar was founded in 2011 and has emerged as one of India’s leading producers of solar photovoltaic (PV) modules. The business offers monocrystalline and polycrystalline modules for various applications. Goldi Solar is a reputable company that operates worldwide and specializes in producing top-notch products and innovative technological solutions.
- Year of Incorporation: 2011
- Company Age: 13 years
- Headquarters: Gujrat
- Website: https://goldisolar.com/
6. RenewSys India Pvt. Ltd
The RenewSys India Private Limited Company It is well acknowledged that RenewSys, which is a division of the ENPEE Group, is renowned for its DESERV solar modules. These modules are exceptional in their ability to maximize power output even in challenging situations. The solar industry in India is significantly impacted by RenewSys, which places a large emphasis on both innovation and dependability to achieve its goals.
- Year of Incorporation: 2011
- Company Age: 12 years
- Headquarters: Mumbai
- Website: https://www.renewsysworld.com
7. Loom Solar
Loom Solar, founded in 2018, ventured into the Indian solar panel manufacturing industry, with its main office situated in Faridabad, Haryana. Presently, it provides solar panels for the purpose of producing environmentally friendly energy and possesses an extensive network of more than 3,500 distributors in more than 500 districts in India. Loom Solar has a yearly production capacity of 100 megawatts (MW).
- Year of Incorporation: 2018
- Company Age: 5 years
- Headquarters: Faridabad
- Website: https://www.loomsolar.com
8. Servotech
The Indian National Stock Exchange (NSE) lists Servotech as a solar company. A lot of different solar goods are made by our company, like solar EV chargers, solar inverters, solar batteries, solar panels, and more.
At the moment, Servotech can make 1GW of equipment per year. The company made big steps forward in 2023 when it made its EV charging business bigger in Africa and the Middle East. It just got an exciting order to put in 20 charging points for electric vehicles in the city of Nashik.
- Year of Incorporation: 2004
- Company Age: 19 years
- Headquarters: New Delhi
- Website: https://www.servotech.in
9. Saatvik Green Energy Pvt. Ltd
Saatvik Green Energy Pvt. Ltd., which is based in Haryana, started its adventure in the solar industry in the year 2015. As a result of its yearly production capacity of one gigawatt (GW), it is making a significant contribution to the solar energy industry. The manufacturer of solar panels already has a production factory in Ambala, which is located in the state of Haryana. They are also intending to develop another plant in Gandhidham, Gujarat, which will have a capacity of 1.2 gigawatts.
- Year of Incorporation: 2015
- Company Age: 9 years
- Headquarters: Ambala
- Website: https://saatvikgroup.com/
10. Premier Energies
People in India know Premier Energies as one of the best companies that makes solar modules. Amazingly, this company can make 2 GW of solar cells and 4 GW of solar modules every year. They are the leaders in their field. This business is proud of its manufacturing skills, which include making 8.6 million solar cells every month, which is a very high rate.
Premier Energies has exciting plans to get a cutting-edge TopCon solar cell on the market by Q2 FY 2024. This cell will have an amazing efficiency of 24.8%.
We’re proud to make high-quality solar panels here at Premier Energies. P-type mono PERC monofacial solar panels can produce up to 555 WP of power, and P-type mono PERC bifacial solar panels can produce up to 670 WP of power. What did we sell? We can help with both installing solar panels on roofs and installing solar panels on the ground.
- Year of Incorporation: 1995
- Company Age: 29 years
- Headquarters: Telangana
- Website: https://www.premierenergies.com/
One of the world’s fastest-growing economies, India’s carbon footprint is increasing due to extensive commercialization. As a result, during the past few decades, customer interest has increased toward alternative energy sources such as solar energy enterprises. The Government of India wants to develop solar capacity to reduce and improve environmental impact.
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Following are some of the main benefits of solar energy:
- Sources of renewable energy.
- Low cost of electricity.
- Minimum maintenance expenses.
- Protects the environment.
- The investment was made in one go.
- No hazardous emissions.
Many jurisdictions offer government incentives for the installation of solar energy systems to help consumers fully realize the advantages and benefits of solar energy. Individuals can also start their own solar venture with government incentives by acquiring a franchise from one of the leading solar panel manufacturers in India.
Om Solar Solution is the Best Solar Panel Company in India providing solar installation services in Lucknow, Kanpur, Prayagraj, Haryana, and other Indian cities. When it comes to solar panels, Om Solar is the best choice.
Factors For Evaluating Solar Panel Manufacturing Companies
The following are some significant criteria to consider while looking at best-quality solar panel manufacturing companies:
- Production Capacity: One essential component is the ability to meet the growing demand for solar panels. Businesses with higher production capacities are better equipped to satisfy the growing demands of the market.
- Quality and efficiency of solar panels: Both the efficiency and quality of solar panels are significant considerations. Businesses with a track record of producing effective and high-quality solar panels have a better chance of topping the charts.
- Market share and reputation: These metrics serve as indicators of a company’s standing and perception within its own sector. The total score is influenced by market presence, industry recognition, and customer feedback.
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Important Highlights For The Solar Industry In 2024
1. Extensive Rooftop Solar Installation Initiative: The Indian government plans to install solar panels on 1 crore roofs by 2024 to revolutionize renewable energy. The 2019 budget proposal is expected to include a Rs 50,000 crore subsidy. An average subsidy of Rs 50,000 per house will benefit homeowners. Uttar Pradesh electricity distribution firm UPPCL has great news. Over the next two to three months, 25,000 homes will get solar panels. This project promotes sustainable energy and ensures access to clean, renewable energy.
2. Cutting-Edge Solar Panel Technology: The TOPCon solar panel represents the cutting-edge in solar panel technology, offering superior performance and efficiency. It utilizes N-type solar cells and has the capability to generate an impressive power output of 575W. This bifacial solar panel is capable of generating 700W of power, making it an excellent choice for business and industrial applications.
3. Solar Financing Options: The initial costs of a rooftop solar system can be quite high, which may cause some individuals to hesitate when considering an investment. Many banks and non-banking companies now provide financing options for solar projects. This simplifies the process of installing solar panels, allowing individuals to make affordable monthly payments.
2024 PM Suryodaya Yojana
Prime Minister Narendra Modi recently unveiled a significant scheme called PM Suryodaya Yojana 2024 in Ayodhya on January 22, as part of the Rooftop Solar Yojana. The program is designed to accelerate the installation of solar panels on homes nationwide by offering substantial tax rebates and other financial incentives to promote widespread adoption. The project plays a crucial role in the government’s strategy to promote the adoption of clean energy and combat carbon pollution.
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Visit our blog: To learn about Pradhan Mantri Suryoday Yojana – Apply Online, Registration, Eligibility, Documents, advantages, and features.
Maximizing Savings with Pradhan Mantri Suryoday Yojana: Everything You Need to Know
Conclusion
Due to the efforts of these leading solar panel producers, India’s solar energy landscape is experiencing incredible growth and development. These enterprises play an essential role in providing reliable, efficient, and sustainable solar solutions for a wide range of applications, which is becoming increasingly important as the country looks to meet its renewable energy targets. By committing to quality and innovation, they help create a more ecologically friendly and energy-efficient future for India and the rest of the world. If you need solar panels for your home, contact Top 10 Solar Panel Companies in India. It would be ideal to use the services of any local solar dealer.
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Brand Name: Om Solar
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Email: sales@omsolar.in
Website: www.omsolar.in