{"id":21123,"date":"2018-07-31T11:36:05","date_gmt":"2018-07-31T06:06:05","guid":{"rendered":"http:\/\/www.greenworldinvestor.com\/?p=21123"},"modified":"2018-07-31T11:36:05","modified_gmt":"2018-07-31T06:06:05","slug":"mnre-benchmark-price-for-solar","status":"publish","type":"post","link":"https:\/\/iiec-india.org\/greenworld\/2018\/07\/31\/mnre-benchmark-price-for-solar\/","title":{"rendered":"MNRE Benchmark Price for Solar"},"content":{"rendered":"

MNRE Benchmark Solar Cost 2018-19<\/h2>\n

Benchmark cost in literal term means the price\u00a0of a commodity that is accepted at the marketplace and set\u00a0by the country or producers’ organization.<\/p>\n

The Ministry of New & Renewable Energy in India sets the\u00a0benchmark cost of solar products from time to time, given that the cost is rapidly plummeting. The benchmark cost of solar is also falling worldwide. According to the International Renewable Energy Agency (IRENA), solar costs have declined by more than 70% since 2010 and will further fall by 40% by 2020.<\/em><\/strong><\/p>\n

India has set a record target of 100 GW of solar installations by 2022 and its expectation is boosted by falling cost and improving efficiencies. Solar is gradually becoming mainstream and is also cheap than conventional power at fewer places. The benchmark cost set by MNRE for applications like rooftop solar, solar lights, solar powered hand pumps in India are summarized in the table below. The MNRE benchmark cost 2018-19<\/strong> is compared with MNRE benchmark cost 2017-18<\/strong>. Please note how these costs have declined in just one year’s time.<\/p>\n

Also, read\u00a0All you wanted to know about Solar Subsidies in India\u00a0<\/a><\/strong><\/em><\/p>\n

MNRE Benchmark Cost 2018-19 vs 2017-18<\/h2>\n

The benchmark costs for off-grid solar PV systems and grid-connected rooftop solar power plants<\/strong> for the year 2018-19 and 2017-18.<\/p>\n\n\n\n\n\n\n\n\n
i) Grid-connected Rooftop Solar<\/strong><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\nBenchmark Cost (in INR\/ Wp)<\/em><\/td>\n<\/td>\n<\/tr>\n
Capacity<\/em><\/td>\n2018-19<\/td>\n2017-18<\/td>\n% Decline<\/td>\n<\/tr>\n
1 kW – 10 kW<\/td>\n60<\/td>\n70<\/td>\n14.3<\/td>\n<\/tr>\n
10kW – 100 kW<\/td>\n55<\/td>\n65<\/td>\n15.4<\/td>\n<\/tr>\n
100 kW – 500 kW<\/td>\n53<\/td>\n60<\/td>\n11.7<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Also, read\u00a0What returns can I get from a Rooftop Solar System<\/a><\/em><\/strong><\/p>\n

 <\/p>\n\n\n\n\n\n\n\n\n\n
ii) Solar Pumps<\/strong><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\nBenchmark Cost (in INR\/ Hp)<\/em><\/td>\n\u00a0<\/em><\/td>\n<\/tr>\n
Capacity<\/em><\/td>\n2018-19<\/td>\n2017-18<\/td>\n% Decline<\/td>\n<\/tr>\n
Upto 3 Hp (DC)<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 85,000<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,20,000<\/td>\n\u00a0 29<\/td>\n<\/tr>\n
> 3 Hp – 5 Hp (DC)<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 77,000<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 95,000<\/td>\n\u00a0 19<\/td>\n<\/tr>\n
Upto 3 Hp (AC)<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 80,000<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,00,000<\/td>\n\u00a0 20<\/td>\n<\/tr>\n
> 3 Hp – 5 Hp (AC)<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 65,000<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 85,000<\/td>\n\u00a0 24<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n\n\n\n\n\n\n\n\n
\u00a0iii)\u00a0Solar Lights<\/strong><\/td>\nBenchmark Cost (in INR\/ Wp)<\/em><\/td>\n<\/td>\n<\/tr>\n
\u00a0Types<\/em><\/td>\n\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 2018-19<\/td>\n2017-18<\/td>\n% Decline<\/td>\n<\/tr>\n
\n
    \n
  • Solar Lamps<\/li>\n<\/ul>\n<\/td>\n
\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0250<\/td>\n\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0340<\/td>\n\u00a0 \u00a0 \u00a0 26<\/td>\n<\/tr>\n
\n
    \n
  • Solar Street Lights<\/li>\n<\/ul>\n<\/td>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\u00a0— with lead acid battery<\/td>\n\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 300<\/td>\n\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 340<\/td>\n\u00a0 \u00a0 \u00a0 12<\/td>\n<\/tr>\n
— with li-ion battery<\/td>\n\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 435<\/td>\n\u00a0 \u00a0 \u00a0475<\/td>\n\u00a0 \u00a0 \u00a0 \u00a0 8<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

The benchmark cost in\u00a0North Eastern States\/Hill States\/ Island UTs is a little higher than the general cost announced. The decline in prices indicates\u00a0that solar is not only environment-friendly but is also becoming economical with each passing year.<\/p>\n","protected":false},"excerpt":{"rendered":"

MNRE Benchmark Solar Cost 2018-19 Benchmark cost in literal term means the price\u00a0of a commodity that is accepted at the marketplace and set\u00a0by the country or [\u2026]<\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","content-type":"","footnotes":""},"categories":[30,101,45,54],"tags":[3641,3642,3643],"class_list":["post-21123","post","type-post","status-publish","format-standard","hentry","category-india-green-stocks-greeninvest","category-rooftop-solar","category-solar-renewable-energy-greeninvest","category-solar-products","tag-mnre-benchmark-cost-2017-18","tag-mnre-benchmark-price-for-solar","tag-mnre-benchmark-solar-cost-2018-19"],"_links":{"self":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts\/21123","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/comments?post=21123"}],"version-history":[{"count":0,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts\/21123\/revisions"}],"wp:attachment":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/media?parent=21123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/categories?post=21123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/tags?post=21123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}