As of 2025, the average cost of solar panels in India ranges between ₹30 to ₹45 per watt, depending on the panel type, brand, and installation requirements.
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Currently, the cost of battery-based energy storage in India is INR 10. 18/kWh, as discovered in a SECI auction for 500 MW/1000 MWh BESS. The government has launched viability gap funding and Production-Linked Incentive (PLI) schemes to make battery storage affordable.
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The project will include 600 MW of solar capacity along with a 550 MWh co-located battery energy storage system (BESS), aimed at enhancing reliability and efficiency of power supply, it said in a regulatory filing.
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Second-life EV batteries currently offer the lowest entry cost at ₹3,200-4,500/kWh, with 70-80% remaining capacity. How do Indian prices compare globally? India's lithium battery costs are 12-15% lower than European markets but 8% higher than Chinese prices due to import duties.
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