Top 10 Best Solar Panel Companies in India

In recent years, solar energy has become a popular and clean way to generate electricity in India. With a large population and increasing energy needs, India is turning to solar power to meet its demands. The government has also launched programs to promote solar energy, leading to growth in the solar panel industry. This post will look at some of the top solar panel companies in India and why solar energy is a good choice for homes and businesses.

Benefits of Solar Panels

Solar panels come with many advantages:

  1. Environmentally Friendly: Solar energy is clean and helps reduce pollution. By using solar panels, you can help fight climate change.
  2. Cost Savings: Although solar panels can be expensive to install at first, they can lower your electricity bills over time. Many states in India offer financial help to make solar energy more affordable.
  3. Energy Independence: With solar panels, you can also generate your electricity, which means you rely less on the grid. This helps protect you from rising energy costs.

Things to Think About When Choosing a Solar Panel Company in India

When picking a solar panel company, think about these factors:

  • Quality of Products: Choose companies that provide high-quality solar panels. Also, look for certifications to ensure their products are reliable.
  • Installation Services: A company that offers professional installation will also ensure your solar system works well and safely.
  • Customer Support: Good customer service is also important. You want a company that can help you if you have questions or issues after installation.
  • Warranty and Service Agreements: A solid warranty also protects your investment. Look for companies that offer long-term warranties on their products and services.

Top 10 solar panel companies in India

  1. Tata Power Solar
  2. Adani Solar
  3. Vikram Solar
  4. Waaree Energies
  5. Servotech
  6. Premier Energies
  7. Sova Solar Limited
  8. Solex
  9. RenewSys
  10. SWELECT Energy Systems

1. Tata Power Solar – Solar Panel Companies in India

Founded: 1989

Company Age: 34 years

Headquarters: Mumbai

Tata Power Solar is a part of Tata Power Company and is one of the top solar companies in India. Additionally, it has a solar module manufacturing capacity of 670 MW and a solar cell manufacturing capacity of 530 MW.

In 2024, Tata Power Renewable Energy Limited signed two agreements with the Tamil Nadu government. Furthermore, tata Power Solar plans to invest ₹70,800 crore to develop over 10,000 MW of renewable energy.

Products and Services Offered by Tata Power Solar:

Solar Panel Manufacturing: Tata Power Solar makes bifacial solar panels with power ratings from 550 Wp to 600 Wp.

Rooftop Solar Solutions:

  • Residential: They offer grid-tied systems (1KW, 2KW, 3KW, 5KW, 10KW) and off-grid systems (2KW, 3.75KW, 6.25KW, 7.5KW) for homes.
  • Commercial, Industrial & Institutional: They provide large solar installations (in gigawatt capacity). Financing options include lease financing, pay-as-you-go (PPA/opex), capital expenditure (capex), and debt financing.

Solar Financing: Tata Power Solar works with Tata Capital, SBI Bank, HDFC Bank, PNB Bank, and others to offer financing for both residential and commercial solar installations.

Other Solar Products: Their offerings also include solar pumps, solar atta chakki (flour mills), solar microgrids, solar RO systems, and more.

Best Solar Modules of Tata Power Solar

Best Solar Modules of Tata Power Solar
ModelPower Output RangeEfficiency
TP300 Monocrystalline300 Wp – 330 WpUp to 18.5%
TP350 Monocrystalline350 Wp – 370 WpUp to 19%
TP400 Monocrystalline PERC400 Wp – 450 WpUp to 20.5%
TP500 Bifacial Monocrystalline500 Wp – 550 WpUp to 21.5%
TP600 Bifacial Monocrystalline550 Wp – 600 WpUp to 22%

2.  Adani Solar – Top Solar Panel Companies in India

Adani Solar is also a part of Adani Power that mainly focuses on making solar panels. It is one of the largest solar companies in India, with a capacity to produce 4 GW of solar PV cells and modules. Adani Solar is the top manufacturer of bifacial solar modules and cells in the country.

The company was also the first in India to create a fully integrated solar PV manufacturing facility with a capacity of 10 GW.

Products and Services Offered by Adani Solar:

  • Solar Panel Manufacturing: Adani Solar produces solar cells and different types of solar PV modules, such as N-type TopCon bifacial panels and P-type Mono PERC half-cut bifacial panels. It is considered one of the best solar panel companies in India, making both DCR and Non-DCR solar cells and panels.
  • Solar Installations: The company provides solar solutions not only in India but also in Europe, Asia, North America, and Australia.

Best Solar Modules of Adani Solar

Best Solar Modules of Adani Solar
Solar Module TypeEfficiencyPower Output
N-type TopCon Bifacial Solar PanelsUp to 22%400 Wp – 600 Wp
P-type Mono PERC Half-Cut Bifacial PanelsUp to 20%350 Wp – 500 Wp
P-type Polycrystalline ModulesUp to 17%250 Wp – 330 Wp
Bifacial Mono PERC ModulesUp to 21%400 Wp – 450 Wp

3. Vikram Solar – Best Solar Panel Companies in India

Founded: 2006

Company Age: 18 years

Headquarters: Kolkata

Vikram Solar is a key player in the solar industry and is recognized as one of the top solar panel companies in India. Additionally, the company specializes in manufacturing solar photovoltaic (PV) modules, with a production capacity of 1.2 GW.

Vikram Solar is well-known for its high-quality solar products and has a strong presence in both the domestic and international markets.

Products and Services Offered by Vikram Solar:

  • Solar Panel Manufacturing: Vikram Solar produces a variety of solar PV modules, including both monocrystalline and polycrystalline types. The company is dedicated to delivering efficient solar solutions.
  • Solar Solutions: Vikram Solar provides services for the development and installation of solar projects across India and other regions.

Best Solar Modules of Vikram Solar

Best Solar Modules of Vikram Solar
Solar Module TypeEfficiencyPower Output
Monocrystalline Solar ModulesUp to 21%330 Wp – 540 Wp
Polycrystalline Solar ModulesUp to 18%270 Wp – 330 Wp
Bifacial Solar ModulesUp to 22%400 Wp – 600 Wp

4. Waaree Energies – Top Solar Panel Companies in India

Founded: 2010
Company Age: 14 years
Headquarters: Mumbai

Waaree Energies is one of the leading solar panel companies in India. The company has a manufacturing capacity of 2 GW for solar PV modules and is recognized for its high-quality solar products.

Waaree Energies also offers a range of solar solutions, including solar panels, inverters, and other solar products for various applications.

Products/Services Offered by Waaree Energies:

  • Solar Panel Manufacturing: Waaree Energies also produces a variety of solar panels, including polycrystalline and monocrystalline modules, catering to different customer needs.
  • Solar Solutions: The company also provides solar solutions for residential, commercial, and industrial applications, ensuring customers have access to reliable solar energy.

Best Solar Modules of Waaree Energies

Best Solar Modules of Waaree Energies
Solar Module TypeEfficiencyPower Output
Monocrystalline Solar PanelsUp to 20%300 Wp – 400 Wp
Polycrystalline Solar PanelsUp to 18%250 Wp – 330 Wp
Bifacial Solar PanelsUp to 21%400 Wp – 450 Wp
High-Efficiency ModulesUp to 22%350 Wp – 500 Wp

5. Servotech – Top leading Solar Panel Companies in India

Year of Incorporation: 2016
Company Age: 8 years
Headquarters: New Delhi

Servotech is one of the rising solar panel companies in India, specializing in solar energy solutions. Additionally, the company focuses on manufacturing high-quality solar products and providing solar installation services.

Servotech is also committed to making renewable energy accessible to everyone and aims to contribute to a sustainable future.

Products/Services Offered by Servotech:

  • Solar Panel Manufacturing: Servotech also produces a range of solar panels, including monocrystalline and polycrystalline panels, known for their efficiency and durability.
  • Solar Solutions: The company offers solar installations for residential, commercial, and industrial customers.

Best Solar Modules of Servotech

Best Solar Modules of Servotech
Solar Module TypeEfficiencyPower Output
Monocrystalline Solar PanelsUp to 20%330 Wp – 400 Wp
Polycrystalline Solar PanelsUp to 17%250 Wp – 300 Wp
Bifacial Solar PanelsUp to 21%400 Wp – 450 Wp

6. Premier Energies – Best Solar Panel Companies in India

Founded: 1995
Company Age: 29 years
Headquarters: Hyderabad

Premier Energies is one of the leading solar panel companies in India. The company specializes in manufacturing solar photovoltaic (PV) modules. Moreover, with a production capacity of 1 GW, it is known for high-quality solar panels and innovative solar solutions.

Premier Energies is recognized for its commitment to sustainable energy and has established a strong presence in both domestic and international markets.

Products/Services Offered by Premier Energies:

  • Solar Panel Manufacturing: The company also manufactures a variety of solar PV modules, including monocrystalline and polycrystalline panels.
  • Solar Solutions: Premier Energies provides solar solutions for residential, commercial, and industrial applications across India and other countries.

Best Solar Modules of Premier Energies

Best Solar Modules of Premier Energies
Solar Module TypeEfficiencyPower Output
Monocrystalline Solar PanelsUp to 21%320 Wp – 550 Wp
Polycrystalline Solar PanelsUp to 17%250 Wp – 340 Wp
Bifacial Solar PanelsUp to 22%400 Wp – 600 Wp

7. Sova Solar Limited – leading Solar Panel Companies in India

Founded: 2018
Company Age: 6 years
Headquarters: Bangalore

Sova Solar Limited is a well-known name in the solar energy sector. Additionally, it focuses on the manufacturing of high-quality solar panels and solar solutions. As one of the prominent solar panel companies in India, Sova Solar also offers various products for residential and commercial use.

Products/Services Offered by Sova Solar

  • Solar Panel Manufacturing: Sova Solar also produces a range of solar panels, including monocrystalline and polycrystalline types, designed for different applications.
  • Solar Solutions: The company provides complete solar solutions, including installation and maintenance services for both homes and businesses.

Best Solar Modules of Sova Solar

Best Solar Modules of Sova Solar
Solar Module TypeEfficiencyPower Output
Monocrystalline Solar PanelsUp to 21%350 Wp – 450 Wp
Polycrystalline Solar PanelsUp to 18%250 Wp – 330 Wp
Bifacial Solar PanelsUp to 20%400 Wp – 500 Wp

8. Solex – Best Solar Panel Companies in India

solar panel company

Founded: 2016
Company Age: 8 years
Headquarters: Gujarat

Solex is a solar company based in India that specializes in manufacturing solar panels. In addition, it is recognized among the leading solar panel companies in India. Solex focuses on producing high-quality solar PV modules and provides solar energy solutions for various applications.4o mini

Products/Services Offered by Solex:

  • Solar Panel Manufacturing: Solex also produces a range of solar PV modules, including monocrystalline and polycrystalline panels.
  • Solar Installations: The company also offers solar installation services for residential, commercial, and industrial clients across India.

Best Solar Modules of Solex

Best Solar Modules of Solex
Solar Module TypeEfficiencyPower Output
Monocrystalline Solar PanelsUp to 21%320 Wp – 400 Wp
Polycrystalline Solar PanelsUp to 18%250 Wp – 350 Wp

9. RenewSys – Top Solar Panel Companies in India

top solar panel

Founded: 2013
Company Age: 11 years
Headquarters: Bangalore

RenewSys is also one of the prominent solar panel companies in India. It focuses on manufacturing solar PV modules and has a manufacturing capacity of 1 GW for solar panels and solar cells. Moreover, RenewSys is known for producing high-quality solar products that cater to various customer needs.

Products/Services Offered by RenewSys:

  • Solar Panel Manufacturing: RenewSys also manufactures different types of solar PV modules, including polycrystalline and monocrystalline panels. The company focuses on providing efficient and reliable solar solutions.
  • Solar Installations: RenewSys also offers solar installation services for residential, commercial, and industrial projects in India and other countries.

Best Solar Modules of RenewSys

Best Solar Modules of RenewSys
Solar Module TypeEfficiencyPower Output
Mono Crystalline Solar PanelsUp to 21%330 Wp – 450 Wp
Poly Crystalline Solar PanelsUp to 18%250 Wp – 320 Wp
Bifacial Solar PanelsUp to 22%400 Wp – 500 Wp

10. SWELECT Energy Systems – leading Solar Panel Companies in India

best solar panel

Founded: 1994
Company Age: 30 years
Headquarters: Tamil Nadu

SWELECT Energy Systems is also one of the prominent solar panel companies in India. The company specializes in manufacturing solar panels and provides various solar energy solutions. As a result, it has a significant manufacturing capacity for solar PV modules and is known for its commitment to sustainability and renewable energy.

Products/Services Offered by SWELECT Energy Systems:

  • Solar Panel Manufacturing: SWELECT Energy Systems also produces different types of solar PV modules, including polycrystalline and monocrystalline solar panels. It is recognized for delivering high-quality solar products.
  • Solar Solutions: The company also offers solar energy solutions for residential, commercial, and industrial sectors, focusing on solar power generation and energy efficiency.

Best Solar Modules of SWELECT Energy Systems

Best Solar Modules of SWELECT Energy Systems
Solar Module TypeEfficiencyPower Output
Monocrystalline Solar PanelsUp to 20%330 Wp – 450 Wp
Polycrystalline Solar PanelsUp to 17%250 Wp – 320 Wp
Bifacial Solar PanelsUp to 21%400 Wp – 500 Wp

Comparative Analysis of Solar Panels

When choosing solar panels, it’s important to understand the different types available. The three primary types of solar panels are:

  • Monocrystalline Solar Panels: These panels are known for being very efficient (15-22%). They are made from a single crystal structure and work well in limited spaces because they produce more power.
  • Polycrystalline Solar Panels: These panels are slightly less efficient (13-16%) but usually cost less. They are made from many crystal pieces, making them a popular choice for homes.
  • Thin-Film Solar Panels: Although these are not as common, thin-film panels are light and flexible, which makes them good for special uses. However, they are generally less efficient (10-12%) compared to the other types.

When selecting solar panels, consider factors like efficiency, cost, warranty, and your home or business’s energy needs. Researching different Solar Panel Companies in India and comparing their products will help you make the best choice.

Challenges in the Solar Panel Market

Even with the fast growth of solar energy in India, the market faces some challenges:

  • Common Challenges Faced by Solar Panel Companies: For example, issues like supply chain problems, changing prices of materials, and competition from foreign manufacturers can slow down growth.
  • Issues Faced by Consumers: Furthermore, some people may find it hard to understand solar technology, installation, and maintenance. In addition, lack of information and misinformation can also discourage potential buyers.
  • Solutions and Advancements in Technology: As technology improves, solar panels are also becoming more efficient and affordable. Educating consumers and providing clear information about solar solutions can help solve common problems.

Benefits of Installing Solar Panels

Investing in solar panels comes with many benefits, such as:

  • Environmental Impact: Solar energy is also a clean, renewable source that helps lower greenhouse gas emissions. By using solar power, you help create a healthier planet.
  • Financial Savings and Incentives: Installing solar panels can also greatly lower your electricity bills. Plus, various government incentives and subsidies make solar energy more affordable.
  • Energy Independence and Reliability: Solar panels provide a reliable source of energy, reducing your need for grid electricity. This is especially helpful in areas where power supply is not reliable.

Where to Use Solar Panels – Practical Applications for Clean Energy

Solar panels are becoming more popular as the world looks for clean and renewable energy sources. They also convert sunlight into electricity, providing a sustainable and environmentally friendly way to power various places and devices. Solar panels can be used in homes, businesses, farms, and even in remote areas. In this article, we’ll look at where solar panels can be used and the benefits they offer.

1. Residential Homes

One of the most common places to use solar panels is in homes. In addition, solar panels are usually installed on rooftops and used to generate electricity for daily needs. Here are some reasons why solar panels are a great choice for homes:

Lower Electricity Bills: Furthermore, solar panels allow homeowners to produce their own electricity. This means they rely less on the electricity from the grid, which can lower monthly electricity bills significantly.

Energy Independence: Moreover, homes with solar panels don’t have to depend entirely on the local power company. Consequently, in case of power cuts or shortages, the home can still run on solar power.

Environmentally Friendly: In addition, using solar energy reduces carbon emissions. This helps in fighting climate change and reducing the negative impact on the environment.

Increased Home Value: Finally, solar panels can increase the value of a home. Thus, buyers today are more interested in homes that are energy-efficient and environmentally friendly.

2. Commercial Buildings

Solar panels are not only useful for homes but also for businesses. Many companies and offices are switching to solar energy to save on electricity costs and become more eco-friendly. Here’s how solar panels benefit commercial buildings:

  • Lower Operating Costs: Businesses use a lot of electricity to run lights, computers, air conditioners, and other equipment. Consequently, solar panels help reduce these costs by providing a clean and free source of electricity.
  • Government Incentives: In many countries, businesses that install solar panels get financial support or tax reductions from the government. As a result, this makes it cheaper to switch to solar energy.
  • Reliability: Solar panels can provide a reliable source of energy for businesses, especially in areas where power cuts happen frequently. Businesses can also install solar batteries to store extra energy for use during cloudy days or at night.
  • Improved Public Image: Many customers also prefer to buy from companies that care about the environment. Furthermore, businesses that use solar energy show they are committed to sustainability, which can attract more customers.

Solar panels can be installed on office rooftops or in open spaces, helping businesses save money while promoting a greener future.

3. Villas and Luxury Homes

Villas and luxury homes are also great places to use solar panels. Since these properties often have larger rooftops and higher energy consumption, solar panels are an excellent way to reduce energy costs and support sustainable living. Here are some benefits for villas:

  • Powering Pools and Hot Tubs: Luxury homes often have energy-intensive amenities like heated pools and hot tubs. Solar panels can also power these, cutting down on high electricity bills.
  • Energy Storage for Backup: Villas can install solar battery systems to store extra energy generated during sunny days. This stored energy can be used at night or during power cuts, ensuring a continuous power supply.
  • Eco-Friendly Living: Many luxury homeowners are now looking to reduce their carbon footprint. Solar panels allow them to live in comfort while using clean energy.
  • Boosting Property Value: Solar panels make villas more attractive to buyers. Homes with solar energy systems are often valued higher and sell faster.

Luxury homes can easily incorporate solar energy to maintain their elegant lifestyles while reducing their environmental impact.

4. Farms and Agricultural Areas

Solar panels are also becoming a vital part of modern farming. They provide energy for various farming activities, reducing reliance on traditional energy sources. In addition, here’s how solar panels are used in agriculture:

  • Irrigation Systems: Solar-powered water pumps are used to draw water from wells, rivers, or ponds for irrigation. This is especially useful for farms in remote areas that don’t have easy access to electricity.
  • Greenhouses: Solar energy can also power fans, lights, and heating systems in greenhouses, ensuring crops grow in the right conditions. Solar panels help farmers maintain consistent crop production throughout the year.
  • Electric Fences and Livestock Monitoring: Farmers can use solar panels to power electric fences and monitoring systems for livestock. Consequently, this reduces the need for fuel-powered generators or connecting to the main electricity grid.

Solar energy helps farmers lower their energy costs while supporting sustainable farming practices.

5. Remote Areas and Off-Grid Locations

One of the best uses of solar panels is in remote areas where access to electricity is limited or non-existent. Solar panels also provide a clean and reliable energy source for people living off the grid. Here’s how solar energy benefits remote locations:

  • Rural Electrification:In rural areas, where connecting to the main electricity grid can be costly, solar panels also provide a way to bring electricity to homes, schools, and hospitals. Moreover, they offer a sustainable solution that can enhance the quality of life for residents.
  • Vacation Homes and Cabins: Many people also install solar panels in vacation homes and cabins located in remote areas. Solar energy can power lights, refrigerators, and other essential devices, making off-grid living more comfortable.
  • Island Communities: Islands often rely on expensive fuel imports for energy. However, solar panels provide a clean, renewable alternative, reducing the need for imported fuel and helping island communities become more energy-independent.

Solar panels offer an affordable and practical solution for people living in remote or off-grid areas.

6. Public Infrastructure

Governments are using solar energy to power public infrastructure such as streetlights, traffic signals, and government buildings. This helps cities reduce their energy costs while promoting clean energy. Here are some common uses of solar energy in public spaces:

  • Solar-Powered Streetlights: Many cities now use solar-powered streetlights, which store energy during the day and use it to light up the streets at night. These lights continue working even during power cuts.
  • Traffic Signals: Solar-powered traffic signals help keep traffic moving smoothly, even during blackouts. This enhances public safety while saving energy.
  • Government Buildings: Many government offices and public buildings are also installing solar panels to reduce operational costs. Schools, libraries, and community centers benefit from lower energy bills and reliable power supply.

Using solar energy for public infrastructure also reduces government spending and promotes the use of renewable energy in cities.

7. Industrial Sites

Large industrial sites use a lot of electricity, and solar panels can also help reduce these costs. Furthermore, factories and warehouses often have large rooftops, which are perfect for installing solar panels. Here’s why solar energy is good for industries:

  • Cost Savings: Solar panels can generate a lot of electricity, helping factories cut down on energy costs. This is especially important for industries that run machines and equipment all day.
  • Sustainability: Many businesses are working to reduce their effect on the environment. Solar panels allow them to operate more sustainably, reducing their carbon emissions.
  • Energy Storage: Factories can store extra solar energy in batteries, using it during high-demand times or when electricity prices are higher.

Conclusion

Solar energy is becoming more important in India, and the companies mentioned above are also leading this change. By choosing solar panels, you can also help the environment, save money on electricity, and gain energy independence. As the solar industry continues to grow, these top solar panel companies in India are helping to create a cleaner and more sustainable future.

Author

A well-versed experience in the field of IT with more than 14+ years of expertise in DevOps Consulting, Quality Assurance, Project Management & Outsourcing and predominantly focusing on customer relationships, negotiations, estimations, contact partners, market research and helping small business owners and young entrepreneurs to reach their next level.

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