As a result of India’s growing focus on renewable energy, many solar photovoltaic (PV) module manufacturers have become major players in the market. Solar PV modules are the heart of any solar power system; they turn sunlight into electricity. With India’s growing focus on renewable energy, choosing the right solar PV module manufacturer is essential for making long-lasting and efficient solar installations.
In this blog, we’ll look at the top 10 solar PV module manufacturers in India for 2024, including what they offer, how much they charge, and how they’re changing the solar industry. Along the way, we’ll also talk about Om Solar Solution, a leading solar power installation company in India.
Introduction to Solar PV Modules and the Indian Market
Solar PV modules, which are also sometimes called solar panels, are important parts that use photovoltaic cells to turn sunlight into power. Solar photovoltaic modules are in very high demand because India is moving more and more toward renewable energy. Finding a trustworthy solar PV module manufacturer in India is important for any solar project, whether it’s for a home, a business, or a big solar farm.
India has big plans to increase its solar power capacity, and both Indian and foreign companies are doing very well in this area thanks to government policies that encourage them to do so.
| Category | Statistics/Insights |
| Installed Solar Capacity | As of March 2024, India’s total installed solar capacity is over 70 GW. Target: 100 GW by the end of 2025. |
| Solar Power Contribution | Solar energy contributes around 13-14% to India’s total renewable energy generation. |
| Manufacturing Growth | India had 18 GW of solar PV manufacturing capacity in 2022, expected to grow with government incentives like the PLI scheme. |
| Government Policies | India aims for 500 GW of renewable energy by 2030, with 280 GW of solar power under the National Solar Mission. |
| Market Demand | Solar PV module demand is growing rapidly, with the residential rooftop market expected to have a 15% CAGR from 2023 to 2028. |
| Solar Tariffs | Solar tariffs in India are among the lowest globally, with bids as low as ₹2 per kWh (~$0.03/kWh). |
| Global Position | India is the third-largest solar market globally, following China and the United States. |
Why Choose Solar Power in India?
Many good things happen when you switch to solar power:
- Cost Savings: Even though it costs more up front, solar power can save you a lot of money on your electricity bills over time.
- Environmental Impact: Solar power is a green and clean way to get energy that helps lower our carbon footprint.
- Energy Independence: With the price of power going up and worries about energy security, installing solar panels can help you get off the grid.
- Government Incentives: To get more people to use solar energy, the Indian government offers a number of grants and tax breaks.
Top 10 Solar PV Module Manufacturers in India 2024
To understand the Top 10 Solar PV Module Manufacturers in India 2024, see this table.
| Rank | Manufacturer Name | Headquarters | Year Established | Production Capacity (MW) | Specialty/Products | Certifications |
| 1 | Adani Solar | Ahmedabad | 2015 | 3500 | Monocrystalline & Polycrystalline Panels | BIS, IEC 61215 |
| 2 | Waaree Energies | Mumbai | 1989 | 5000 | Mono & Polycrystalline Modules | UL, ISO 9001 |
| 3 | Vikram Solar | Kolkata | 2006 | 2500 | High-Efficiency PV Panels, Mono PERC | BIS, IEC 61215 |
| 4 | Tata Power Solar | Bangalore | 1989 | 1100 | PV Modules, Rooftop Solar | ISO 9001, 14001 |
| 5 | RenewSys | Mumbai | 2012 | 750 | PV Panels, Encapsulants, Backsheets | ISO 9001, 14001 |
| 6 | Emmvee Solar | Bangalore | 1992 | 500 | Mono & Polycrystalline Solar Modules | ISO 9001, 14001 |
| 7 | Goldi Solar | Surat | 2011 | 2500 | Mono PERC, Polycrystalline Modules | BIS, IEC |
| 8 | Jinko Solar India | Shanghai (Global) | 2006 | 4000+ | High-Efficiency PV Modules | BIS, IEC 61215 |
| 9 | Premier Energies | Hyderabad | 1995 | 1500 | Mono PERC, High-Efficiency PV Panels | BIS, ISO 9001 |
| 10 | Saatvik Green Energy | Gurugram | 2016 | 1000 | Cost-Effective PV Panels | BIS, IEC 61215 |
The following is a list of the top 10 solar photovoltaic module manufacturers in India in 2024, broken down into the following points:
1. Adani Solar
The green energy branch of the Adani Group includes Adani Solar as one of its subsidiaries. It is one of the biggest makes of solar PV modules in India. Adani Solar’s factory is state-of-the-art and can make 3.5 GW of solar panels. Their monocrystalline and polycrystalline panels ensure that the panels operate effectively and efficiently.
- Price Range: ₹18,000 – ₹22,000 per 1 kW solar panel system
- ROI: 3-4 years for commercial installations
2. Waaree Energies
Another well-known name for solar panel manufacturers in India is Waaree. The business sells high-quality solar panels that can handle power levels from 3W to 600W. Waaree is well-known for its cutting-edge solar PV technology and has a large customer base both in India and around the world.
- Price Range: ₹20,000 – ₹25,000 per 1 kW solar panel system
- ROI: 3-4 years
3. Vikram Solar
Vikram Solar specializes in high-efficiency photovoltaic (PV) panels that are known for working well even in bad weather. They make more than 2.5 GW of PV modules every year and sell them to homes, businesses, and factories.
- Price Range: ₹21,000 – ₹23,000 per 1 kW
- ROI: 4 years
4. Tata Power Solar
Indian solar companies like Tata Power Solar were some of the first to use solar power. They are recognized as one of the most prominent names in the market. They have a lot of different solar options, from PV panels to whole solar systems.
- Price Range: ₹18,000 – ₹22,000 per 1 kW
- ROI: 4-5 years
5. RenewSys
PV panels, solar encapsulants, and backsheets are all available from RenewSys. They are known for putting a lot of effort into new ideas and being environmentally friendly. Their goods are very durable and come with long-term warranties.
- Price Range: ₹20,000 – ₹24,000 per 1 kW
- ROI: 3-4 years
Also Read – Expert Tips For Choosing The Best Commercial Solar Company For Industrial Solar Panel Installation
6. Emmvee Solar
Emmvee Solar has been in the solar business for a long time and has a variety of monocrystalline and polycrystalline solar modules. They are known for making solar panels that work well and can be used in both homes and large-scale setups.
- Price Range: ₹18,000 – ₹23,000 per 1 kW
- ROI: 3-4 years
7. Goldi Solar
Goldi Solar sells Tier-1 solar panels that are made to produce more energy and last longer. Because they care about quality, they’re a popular choice in places all over the world.
- Price Range: ₹19,000 – ₹22,000 per 1 kW
- ROI: 3-4 years
8. Jinko Solar India
Jinko Solar is a world leader in solar technology, and their efforts in India have helped meet the growing need for solar solutions that work well. Their PV modules have a high conversion rate, which means they make the most energy possible.
- Price Range: ₹20,000 – ₹25,000 per 1 kW
- ROI: 3-4 years
9. Premier Energies
Premier Energies is one of the oldest and most well-known solar module manufacturers in India. Their high-efficiency PV panels are great for installing on roofs, in factories, and for large-scale utility projects.
- Price Range: ₹21,000 – ₹24,000 per 1 kW
- ROI: 4 years
10. Saatvik Green Energy
Saatvik Green Energy sells solar PV panels that are both cheap and good at what they do. Their products are known for having a lot of power and being reliable, which gives you a great return on your investment.
- Price Range: ₹18,000 – ₹22,000 per 1 kW
- ROI: 3-4 years
The Role of Solar Installation Companies like Om Solar Solution
While manufacturers focus on making solar PV modules, businesses like Om Solar Solution are very important in making sure that customers can use these goods correctly. Om Solar Solution is a reputable solar installation company that is equipped to meet all your needs for both residential and commercial projects.
Om Solar Solution provides a variety of services, including rooftop solar panel installation and large-scale solar systems, to ensure the effective use of solar power. The Om Solar Solution can help you whether you need solar panels put up on your home in Lucknow or solar EPC services (Engineering, Procurement, and Construction) for your business in Allahabad or Kanpur.
Their solar panel installation in home services cover many places, including Lucknow, Allahabad, Kanpur, Varanasi, and even Haryana. They offer excellent solar solutions for homes and businesses in these areas. Their experience with solar power installations makes sure that every job is done quickly and correctly, with a strong focus on getting the best return on investment (ROI) through well-planned and expertly carried out installations.
How to Choose the Right Solar PV Module for Your Needs
When picking a solar PV module, think about the following:
- Efficiency: More energy is made per square meter when the efficiency is higher.
- Durability: Select panels that come with long warranties (usually 25 years) and promises of good performance.
- Cost: Look at different prices based on the panel’s power.
- Manufacturer Reputation: Choose well-known names that have been shown to work well.
Solar PV Module Prices in India
In India, the price of solar panels usually falls between ₹18,000 and ₹25,000 for each kilowatt, influenced by the manufacturer and whether the panel is mono or polycrystalline. Prices are subject to fluctuations due to variables such as the cost of raw materials, government policies, and market demand.
Solar PV Module Prices and Installation Costs in India:
| Category | Details |
| Price of Solar PV Modules (per kW) | ₹18,000 – ₹25,000 |
| Factors Affecting Prices | Manufacturer, Mono/Polycrystalline type, raw material costs, government policies, market demand |
| Installation Cost (Without Subsidy, per 1 kW) | ₹60,000 – ₹70,000 |
| Installation Cost (With Subsidy, per 1 kW) | ₹40,000 – ₹50,000 (for systems up to 3 kW) |
| Government Subsidy | Up to 40% for systems up to 3 kW; 20% for systems between 3 kW and 10 kW |
| Return on Investment (ROI) | 3-4 years (for home projects) |
| Business Benefits | Accelerated depreciation benefits |
| Overall Savings | Reduced electricity bills, faster ROI |
Also Read – Installing Solar Panels At Home: Comprehensive Guide From Om Solar Solution
It cost of solar PV module installation can change based on the solar panels used, their size, and where they are installed. However, with the subsidies given by the Indian government, solar installation costs can be reduced significantly.
The government’s program to help people install solar panels at home usually gives up to 40% of the cost of systems up to 3 kW and 20% of the cost of systems between 3 kW and 10 kW. This greatly lowers the upfront cost of installing rooftop solar panels.
Conclusion
There are a lot of solar PV module manufacturers in India, so it’s important to pick a brand that offers the best balance of price, efficiency, and durability. Companies like Om Solar Solution are very important for bringing solar power to homes and businesses because they offer expert installation services. If you pick the right solar PV module and work with a reputable installation company, you can make the switch to clean, renewable energy go smoothly.
Contact Us
Brand Name: Om Solar
Call/WhatsApp: +91-9919990945
Email: sales@omsolar.in
Website: www.omsolar.in
FAQs
- What is the typical ROI for solar panel installations in India?
ROI for solar installations can range anywhere from three to five years, depending on the efficiency of the panels and the size of the installation.
- Are solar panels worth it in India?
Yes, solar panels greatly reduce electricity costs, provide long-term savings, and are environmentally friendly.
- How much do solar PV modules cost in India?
Solar PV modules range in price from ₹18,000 to ₹25,000 per 1 kW. The price varies by brand and panel type.
- What does a Solar EPC company do?
Solar EPC companies do everything related to installing solar panels, from planning the project to starting it up.
- Can Om Solar Solution help with residential solar installations?
In fact, Om Solar Solution does rooftop solar panel installations for homes in many Indian towns.