Solar Prices in Bhopal 2026

By : Ankit Vyas
September 5, 2025
Last Updated : January 14, 2026

By : Ankit Vyas
September 5, 2025
Last Updated : January 14, 2026

In this blog, we explore solar panel prices in Bhopal in 2026. Ankit Vyas, CEO of Green Ocean Solar, has done his research to bring you this guide. It will help you understand costs, subsidies, and savings. The goal is simple – to help you make an informed choice about going solar.

It’s the start of the month, you open your electricity bill, and it’s a whopping ₹4,000 for a month. What used to be a manageable bill of ₹1000-2000 has now become a major household expense. If you are in Bhopal, you can relate to this.

Electricity bills in Bhopal have increased significantly, and many households and business owners are feeling the heat. Rising per-unit charges have made electricity an expensive routine affair.

If you are tired of paying high monthly electricity bills, switching to solar is the smartest choice you can make in 2026. Solar energy adoption is growing fast as solar prices in Bhopal have dropped quite a bit. This has not just made solar environmentally smart but also financially viable. Technology that was once only reserved for the wealthy is now also accessible to middle-class families.

Walk past any residential area in Bhopal and you will see gleaming solar panels on rooftops. These adopters are practical families who did the math and realised a solar panel makes perfect sense.

Why 2026 is the Perfect Time to Go Solar in Bhopal

Remarkable things are happening in the solar industry right now, and residents of Bhopal are perfectly positioned to benefit.

Government Subsidies & Schemes

The Indian government has announced aggressive targets for renewable energy adoption. Madhya Pradesh, too, has introduced policies that encourage both households and commercial industries to shift to solar. With subsidies like PM Surya Ghar Yojana covering up to 40% of your installation costs, solar energy adoption today is easier and affordable, even for middle-class households.

Record Low Solar Panel Prices

The cost of solar panels in Bhopal has declined by nearly 20–30% in the last five years. Today, you can purchase a high-quality 3kW residential system starting at ₹1.8–₹2 lakh, a price point that was unimaginable in 2018. For larger systems, per-unit prices are even lower.

Compared to grid electricity rates (which increase by 6–8% every year), solar is now a one-time investment that pays for itself in just 3–5 years.

Higher Efficiency Solar Panels

Remember when solar panels were those bulky, inefficient blue rectangles? Those days are long gone. Today’s panels can convert over 21% of sunlight into electricity, which is 2X efficiency compared to the last decade. What this means for you is simple – more power from fewer panels, and significantly better returns on your investment.

Sustainability & Increase in Property Value

Solar-equipped homes and buildings are becoming premium assets. In urban Bhopal, a rooftop solar system increases resale value and makes the property more attractive to eco-conscious buyers.

Uninterrupted Power

Bhopal residents often face power cuts or voltage fluctuations. With solar and battery backup, you can not only lower your electricity bills but also enjoy uninterrupted power at your home or office.

Solar Panel Prices in Bhopal in 2026

Type of Panel	Efficiency	Capacity Range	Price per kW
Polycrystalline panels	18-19%	300 Wp	₹60,000–75,000
Monocrystalline panels	19-20%	300-450 Wp	₹56,000–70,000
Mono PERC Half-Cut Panels	20-21%	450-500 Wp	₹54,000–60,000
Mono Bifacial panels	20-21%	500-545 Wp	₹60,000-68,500
Mono Bifacial TOPCon panels	21-22.5%	550–600 Wp	₹68,500-71,500

Brand Specific Pricing from Top Brands (for 3 kW systems)

Waaree Bifacial: ₹2,00,000
Waaree TOPCon: ₹2,07,000
Tata TOPCon: ₹2,15,000
Rayzon Bifacial: ₹1,95,000
Rayzon TOPCon: ₹2,05,000
Adani Bifacial: ₹2,00,000
Adani TOPCon: ₹2,10,000

Government Subsidies & Initiatives

The Indian Government and Madhya Pradesh State Government offer several benefits to encourage solar adoption in India. Here are a few advantages that have made solar adoption attractive:

1. PM Surya Ghar Muft Bijli Yojana (2025–26)

The PM Surya Ghar Muft Bijli Yojana is a flagship initiative by the Central Government aimed at promoting rooftop solar adoption across India, including Madhya Pradesh. Under this scheme, households in MP can install rooftop solar systems at highly subsidized rates.

System Capacity	Subsidy Amount
1 kW	₹ 30,000
2 kW	₹ 60,000
3 kW and above	₹ 78,000

This means that for a 3kW solar rooftop system in Bhopal, which costs up to ₹1.8-2 lakh, with subsidised cost, you can get it at just ₹1.2 lakh.

2. Accelerated Depreciation for Business

For industrial and commercial units, solar investment is treated as an asset. Businesses can claim tax benefits and up to 40% depreciation in the first year on solar projects, making payback even faster.

With these subsidies and incentives, the solar panel price in Bhopal 2026 becomes far more affordable than most people think.

Thinking of taking your business solar? Explore our Solar panel Solutions for businesses in MP.

How Much Can You Save Each Month?

The savings depend on your system size, daily usage, and electricity tariff. Let’s break it down with realistic scenarios:

1. 3 kW Residential System
Power generation – 12–15 units/day
Monthly savings – ₹3,500–₹4,000
Annual savings – ₹45,000

2. 5 kW Small Business System
Power generation – 22–25 units/day
Monthly savings – ₹6,000–₹7,000
Annual savings – ₹75,000–₹80,000

3. 10 kW Industrial Setup
Power generation – 44–50 units/day
Monthly savings – ₹12,000–₹15,000
Annual savings – ₹1.5–₹1.8 lakh

Over 20 years, a 10kW solar system can save you ₹30–40 lakh. Since electricity prices have nearly doubled in the last decade, the savings may be even higher. That’s why solar is one of the smartest investments you can make.

Factors Affecting Solar Panel Costs in Bhopal

Many consumers think that only the panel type affects solar pricing. However, that’s not the case.

Quality of Components

A solar power plant has multiple components – structure, inverters, wires, MCBs, SPDs, connectors, etc. Low-quality materials often cause failures, efficiency losses, and higher maintenance costs. At Green Ocean Solar, we only provide solar panels from top-tier brands that come with a 30-year warranty. These panels are made of certified, highly durable material.

Installation Standards

A shadow-free rooftop gives the best performance. If your roof has shade issues, advanced panels like Mono PERC Half-Cut or TOPCon bifacial can maximize efficiency.

System Size

System size directly affects per-kW pricing. Larger installations can be more affordable. Smaller systems have higher per-kW costs due to fixed installation expenses.

After Sales Service

The hidden cost of solar is poor service. If your installer doesn’t provide quick support, your system may remain non-functional for weeks. Always choose companies with a strong local presence in Bhopal.

Choosing the Right Solar Installer in Bhopal

Selecting the right solar installer is just as important as choosing the right panels. At Green Ocean Solar, we ensure a smooth, end-to-end experience. From free site visits and feasibility checks to custom designs and financing support, we take care of every detail. We only provide Tier-1 solar panels that come with a 30-year warranty and a 5-year prepaid AMC. Our solar panels are rust-free and highly durable.

Why Local Expertise Matters?

Solar in Bhopal requires knowledge of local conditions- from frequent power cuts to heavy monsoon rains. Green Ocean Solar brings deep local expertise with 1.2MW+ residential installations and 50+ commercial projects in Bhopal, indore, Ujjain, and across Madhya Pradesh. We’ve powered homes in Shahpura, Arera Colony, Misrod, and other areas, as well as businesses across various industries, including manufacturing, education, and healthcare. Our team not only handles subsidy paperwork and approvals but also ensures fast service turnaround whenever you need support. With a focus on limited, high-quality installations each month, we guarantee personal attention and dependable after-sales service.

Conclusion

In Bhopal, technology improvements and government support create perfect conditions for the adoption of solar energy in 2026. Your electricity bills will drop immediately after installation.

Solar panel prices in Bhopal are at their most competitive levels.

Calculate your potential savings today. Contact Green Ocean Solar for a detailed assessment. Our experts will design the perfect system for your needs. You can explore our solar panel for housing service page to learn more or get in touch with us!

AUTHOR

Ankit Vyas

Ankit Vyas is the founder and CEO of Green Ocean Solar, a leader in solar panel solutions and services across Bhopal, Indore, and Ujjain, Madhya Pradesh. With over six years of experience and training from the Gujarat Institute of Solar Energy, Ankit has become a trusted authority. He spent two years working in India's solar manufacturing hub in Gujarat before leading his team to complete over 1.2 megawatts of residential solar installations and more than 50 commercial projects. Ankit's vision is to make quality, affordable solar accessible to every home.