How Does The Cost of Solar Power in India Compare to Other Sources of Energy?

The cost of solar power in India has significantly decreased over the years, making it more competitive with other sources of energy. According to a 2021 report by the International Renewable Energy Agency (IRENA), the average levelized cost of electricity (LCOE) from solar power in India is now lower than that of coal-fired power plants. The cost of solar power has decreased by over 70% in the past decade, driven by technological advances and increased competition in the solar sector.


Cost Comparison with Other Sources of Energy in India

Despite the progress, rooftop solar companies in India still face challenges in terms of intermittency and grid integration, which can impact its competitiveness with other sources of energy. However, the government's commitment to expanding the use of renewable energy and reducing dependence on fossil fuels is expected to continue driving down the cost of solar power in India. As a result, solar power is increasingly becoming a more affordable and accessible energy source for households, businesses, and governments in India.

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