Mumbai, Maharashtra
Solar Cost in Mumbai (2024)
Everything you need to know about solar panel costs, savings, and incentives in Mumbai.
Average Cost
₹3,80,000 - ₹4,80,000
Price per Watt
₹48 - ₹58
Annual Sun Hours
5,200
Annual Savings
₹60,000 - ₹85,000
Electricity Rate
₹8-12/kWh
Payback Period
4-6 years
CO₂ Offset
4.5 tons/year
Available Incentives in Mumbai
PM Surya Ghar
Up to 40% subsidy
MSEDCL Net Metering
Available
Accelerated Depreciation
40% (commercial)
Incentives can change. Always verify current eligibility with official sources.View all incentives →
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Your Estimate
Based on typical market data for your area
System Size
6.1–7.5kW
Upfront Cost
$13,999–$23,288
Annual Savings
$1,260–$1,710
Payback Period
8.2–18.5years
25-Year Savings
$8,212–$28,751
CO₂ Reduced / Year
10,246 kg
Frequently Asked Questions
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